AUSTIN, Texas, March 12, 2018 /PRNewswire/ -- To raise awareness
of the value of water and the impact of the global water crisis on
community health, education and economics, the Caterpillar
Foundation, together with its global partners, today launched the
Value of Water campaign. The Caterpillar Foundation, the
philanthropic arm of Caterpillar Inc. (NYSE: CAT), is on a mission
to empower 50 million people around the world to rise out of
extreme poverty by 2020.
Experience the interactive Multichannel News Release here:
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The Foundation recognizes that water is one of the most critical
basic needs of people and their communities – yet, about 844
million people, or 1 in 9, still lack access to clean and safe
water. To learn more about the Value of Water awareness campaign,
read stories of those directly impacted by water issues around the
world and find out how to get involved, visit
www.togetherstronger.com/year-of-water/.
"As the company and its customers work to build traditional
infrastructure, the Caterpillar Foundation is focused on building
human infrastructure, and ultimately, a better world," said
Caterpillar Foundation President Michele
Sullivan. "Water is a fundamental human need – it is a basic
building block necessary to pursue opportunities such as education
and economic growth, and place people on a path to prosperity,"
Sullivan continued.
To address the various aspects of the global water crisis, the
Caterpillar Foundation is honored to work alongside several
partners, such as charity: water, Ducks Unlimited, Global Citizen,
Living Lands & Waters, Opportunity International, The Nature
Conservancy and Water.org, supporting their work including:
- bringing clean water to rural communities in Africa through the construction of new wells
and innovative pipe systems;
- restoring critical wetland habitats that provide flood
protection and water filtration;
- reducing river pollution throughout the United
States;
- strengthening the health of the world's vital rivers;
- and delivering running water to homes in Africa, Asia
and South America through
microcredit loans.
The Caterpillar Foundation recently invested $1.4 million with the American Red Cross to help
communities prepare, respond to and recover from disasters, which
includes critical needs such as providing access to safe water and
sanitation.
"Through its vast network of more than 100 million volunteers
and supporters around the world, the Red Cross has unparalleled
reach into communities," said Jono
Anzalone, vice president of International Services at the
American Red Cross. "These locally-managed water, sanitation
and hygiene promotion projects can create a domino effect between
communities, with one generation teaching the next. We're so
grateful for our partnership with the Caterpillar Foundation as we
work together to help create communities that are more resilient
and better prepared to respond to disasters."
In addition to highlighting the work of the Foundation's
partners, the Value of Water campaign aims to encourage people all
around the world to get involved and share via social media what
they will do for water.
About Caterpillar Foundation
Founded in 1952,
Caterpillar's philanthropic organization, the Caterpillar
Foundation has contributed more than $715
million to help make sustainable progress possible around
the world by providing program support in the areas of
environmental sustainability, access to education and basic human
needs. To learn more about the global impact of the Caterpillar
Foundation, visit www.togetherstronger.com. To connect with us
on social media, visit caterpillar.com/social-media.
About Caterpillar
For more than 90 years, Caterpillar
Inc. has been making sustainable progress possible and driving
positive change on every continent. Customers turn to Caterpillar
to help them develop infrastructure, energy and natural resource
assets. With 2017 sales and revenues of $45.462 billion, Caterpillar is the world's
leading manufacturer of construction and mining equipment, diesel
and natural gas engines, industrial gas turbines and
diesel-electric locomotives. The company principally operates
through its three primary segments - Construction Industries,
Resource Industries and Energy & Transportation - and also
provides financing and related services through its Financial
Products segment. For more information, visit caterpillar.com. To
connect with us on social media, visit
caterpillar.com/social-media.
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," "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) our ability to develop, produce and market quality products
that meet our customers' needs; (vi) the impact of the highly
competitive environment in which we operate on our sales and
pricing; (vii) information technology security threats and computer
crime; (viii) additional restructuring costs or a failure to
realize anticipated savings or benefits from past or future cost
reduction actions; (ix) failure to realize all of the anticipated
benefits from initiatives to increase our productivity, efficiency
and cash flow and to reduce costs; (x) inventory management
decisions and sourcing practices of our dealers and our OEM
customers; (xi) a failure to realize, or a delay in realizing, all
of the anticipated benefits of our acquisitions, joint ventures or
divestitures; (xii) union disputes or other employee relations
issues; (xiii) adverse effects of unexpected events including
natural disasters; (xiv) disruptions or volatility in global
financial markets limiting our sources of liquidity or the
liquidity of our customers, dealers and suppliers; (xv) 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;
(xvi) our Financial Products segment's risks associated with the
financial services industry; (xvii) changes in interest rates or
market liquidity conditions; (xviii) an increase in delinquencies,
repossessions or net losses of Cat Financial's customers; (xix)
currency fluctuations; (xx) our or Cat Financial's compliance with
financial and other restrictive covenants in debt agreements; (xxi)
increased pension plan funding obligations; (xxii) alleged or
actual violations of trade or anti-corruption laws and regulations;
(xxiii) international trade policies and their impact on demand for
our products and our competitive position; (xxiv) additional tax
expense or exposure including the impact of U.S. tax reform; (xxv)
significant legal proceedings, claims, lawsuits or government
investigations; (xxvi) new regulations or changes in financial
services regulations; (xxvii) compliance with environmental laws
and regulations; and (xxviii) 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 Inc.