Caterpillar Inc. Releases 2024 Annual, Sustainability Reports Highlighting Customer-Focused and Sustainability Strategies

Core Insights - Caterpillar Inc. released its 2024 Annual and Sustainability Reports, highlighting significant advancements across all business segments and a commitment to sustainability [1][2] - The company has invested over $30 billion in research and development over the past 20 years, focusing on innovation to meet rising global demand for energy and critical minerals [2] - Caterpillar's strategy for long-term profitable growth emphasizes services, operational excellence, and sustainability, with ongoing progress towards its 2030 sustainability goals [2] Investment and Growth Strategy - The reports detail Caterpillar's focus on expanding offerings and operational excellence as part of its strategy for profitable growth [2] - The company is well-positioned to meet global infrastructure needs and capitalize on emerging technologies [2] - Caterpillar aims to reduce greenhouse gas emissions, increase sales of remanufactured products, and prioritize employee health and safety as part of its sustainability goals [2] Customer Empowerment - Caterpillar's success is linked to its dealer network, customers, and employees, providing comprehensive solutions to maximize equipment performance [3] - The company offers hands-on training, support, and maintenance to help customers achieve their sustainability objectives [3] Community Investment - Caterpillar and its employees are committed to improving lives globally through the Caterpillar Foundation, focusing on skills development, sustainable infrastructure, and disaster preparedness [4] Sustainability Reporting - The 2024 Sustainability Report integrates various reports into a single document for easier access to information for employees and stakeholders [5] Company Overview - Caterpillar reported sales and revenues of $64.8 billion in 2024, maintaining its position as a leading manufacturer in construction and mining equipment [6] - The company operates through three primary segments: Construction Industries, Resource Industries, and Energy & Transportation, along with a Financial Products segment [6]