Foundation continues to build on seven decades
of investments to transform communities to be stronger, more
resilient and more sustainable
IRVING,
Texas, Sept. 28, 2022 /PRNewswire/ -- The
Caterpillar Foundation, the philanthropic organization of
Caterpillar Inc. (NYSE: CAT), is celebrating seven decades of
helping build resilient communities. Throughout the year, the
Foundation is highlighting its global work in workforce readiness,
STEM education, sustainable natural infrastructure, access to basic
services, disaster relief, employee volunteerism and matching
gifts, which have helped communities around the world achieve
sustainable progress. Since its founding, the Caterpillar
Foundation has invested $851 million
to help improve the lives of people around the world.
Caterpillar has a long history of sustainability, including
being one of the company's core values and an area of strategic
focus. The Caterpillar Foundation strategy is consistent with the
core values of the company and Caterpillar's desire to be good
stewards. As the Foundation looks forward to the next 70 years, it
will continue to prioritize investments in innovation and scalable,
unique solutions to address some of the world's challenges.
"We are proud to continue to build on our rich history of
supporting communities around the world," said Asha Varghese, president of the Caterpillar
Foundation. "The spirit of giving has been part of Caterpillar's
DNA since the very beginning. Caterpillar employees, retirees and
dealers give back generously to the communities in which they live
and work. At the Caterpillar Foundation, we believe that no one
organization, group or person can achieve sustainable progress
alone – and we are honored to work hand-in-hand with some of the
world's most impactful organizations to build a better, more
sustainable world for the future generations."
Foundation giving began in 1952 with a gift to the local
East Peoria, IL firehouse, and has
grown to investments in 110 countries across six continents to help
build resilient and sustainable communities.
During its anniversary year, the Caterpillar Foundation will
continue to focus on impacting communities with key partners, while
highlighting future priorities and goals of the organization. The
recent United Nations General Assembly/Climate Week in New York is one of the many global platforms
the Caterpillar Foundation is engaging in alongside our partners to
commemorate this milestone anniversary.
About the Caterpillar Foundation
Founded in
1952, Caterpillar's philanthropic organization, the Caterpillar
Foundation, has contributed more than $850
million to help make sustainable progress possible around
the world by building resilient communities that thrive in a
rapidly changing world. To learn more about the global impact of
the Caterpillar Foundation, visit caterpillar.com/foundation. To
connect with us on social media, visit
caterpillar.com/social-media.
About Caterpillar
With 2021 sales and revenues
of $51.0 billion, Caterpillar Inc. is
the world's leading manufacturer of construction and mining
equipment, off-highway diesel and natural gas engines, industrial
gas turbines and diesel-electric locomotives. For nearly 100 years,
we've been helping customers build a better, more sustainable world
and are committed and contributing to a reduced-carbon future. Our
innovative products and services, backed by our global dealer
network, provide exceptional value that helps customers succeed.
Caterpillar does business on every continent, principally operating
through three primary segments – Construction Industries, Resource
Industries and Energy & Transportation – and providing
financing and related services through our Financial Products
segment. Visit us at caterpillar.com or join the conversation on
our social media channels.
Forward-Looking Statements
Certain statements in
this press release relate to future events and expectations and are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as "believe,"
"estimate," "will be," "will," "would," "expect," "anticipate,"
"plan," "forecast," "target," "guide," "project," "intend,"
"could," "should" or other similar words or expressions often
identify forward-looking statements. All statements other than
statements of historical fact are forward-looking statements,
including, without limitation, statements regarding our outlook,
projections, forecasts or trend descriptions. These statements do
not guarantee future performance and speak only as of the date they
are made, and we do not undertake to update our forward-looking
statements.
Caterpillar's actual results may differ materially from those
described or implied in our forward-looking statements based on a
number of factors, including, but not limited to: (i) global and
regional economic conditions and economic conditions in the
industries we serve; (ii) commodity price changes, material price
increases, fluctuations in demand for our products or significant
shortages of material; (iii) government monetary or fiscal
policies; (iv) political and economic risks, commercial instability
and events beyond our control in the countries in which we operate;
(v) international trade policies and their impact on demand for our
products and our competitive position, including the imposition of
new tariffs or changes in existing tariff rates; (vi) our ability
to develop, produce and market quality products that meet our
customers' needs; (vii) the impact of the highly competitive
environment in which we operate on our sales and pricing; (viii)
information technology security threats and computer crime; (ix)
inventory management decisions and sourcing practices of our
dealers and our OEM customers; (x) a failure to realize, or a delay
in realizing, all of the anticipated benefits of our acquisitions,
joint ventures or divestitures; (xi) union disputes or other
employee relations issues; (xii) adverse effects of unexpected
events; (xiii) disruptions or volatility in global financial
markets limiting our sources of liquidity or the liquidity of our
customers, dealers and suppliers; (xiv) failure to maintain our
credit ratings and potential resulting increases to our cost of
borrowing and adverse effects on our cost of funds, liquidity,
competitive position and access to capital markets; (xv) our
Financial Products segment's risks associated with the financial
services industry; (xvi) changes in interest rates or market
liquidity conditions; (xvii) an increase in delinquencies,
repossessions or net losses of Cat Financial's customers; (xviii)
currency fluctuations; (xix) our or Cat Financial's compliance with
financial and other restrictive covenants in debt agreements; (xx)
increased pension plan funding obligations; (xxi) alleged or actual
violations of trade or anti-corruption laws and regulations; (xxii)
additional tax expense or exposure, including the impact of U.S.
tax reform; (xxiii) significant legal proceedings, claims, lawsuits
or government investigations; (xxiv) new regulations or changes in
financial services regulations; (xxv) compliance with environmental
laws and regulations; (xxvi) the duration and geographic spread of,
business disruptions caused by, and the overall global economic
impact of, the COVID-19 pandemic; and (xxvii) other factors
described in more detail in Caterpillar's Forms 10-Q, 10-K and
other filings with the Securities and Exchange Commission.
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SOURCE Caterpillar Foundation