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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