Caterpillar Names First Chief Sustainability and Strategy Officer
October 15 2021 - 9:58AM
Dow Jones News
By Michael Dabaie
Caterpillar Inc. on Friday said it named its first chief
sustainability and strategy officer.
The maker of construction and mining equipment said Julie
Lagacy, current vice president of the enterprise strategy division,
will assume additional responsibilities as the chief sustainability
and strategy officer effective Nov. 1.
Caterpillar said its board will incorporate ESG in the 2022
incentive plan for executive officers.
The company also said it will continue to analyze the disclosure
recommendations of the task force on climate-related financial
disclosures, and begin to use its framework to enhance its
sustainability reporting starting in 2023.
The financial stability board established the TCFD to develop
recommendations for climate-related disclosures that could promote
more informed investment, credit, and insurance underwriting
decisions, the company said.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
October 15, 2021 09:43 ET (13:43 GMT)
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