Cummins moves up in Journal’s Management Top 250
Cummins jumped 24 spots in the Wall Street Journal’s most recent Management Top 250, finishing No. 64 in the 2020 ranking of publicly traded U.S. companies developed by the Drucker Institute for the newspaper.
The company finished third in the Automotive/Industrial sector behind Ford (No. 19) and General Motors (No. 46).
The Drucker Institute is named for the late professor, author and longtime Wall Street Journal Columnist Peter Drucker. The ranking is based on five measures of corporate performance: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength. The analysis used 33 data inputs provided by 14 third party sources.
Cummins received five out of five stars on social responsibility and four out of five stars for engagement and development and for innovation. The five areas used by the institute are weighted almost equally in the ranking.
More than 800 companies were included in the Drucker Institute’s review. Companies had to be part of the Dow Jones U.S. Total Stock Market Index or the S&P Composite 1500 index. Each was assigned scores in the five key areas with a typical range of 0 to 100 and a mean of 50. The scores were then grouped into categories of stars ranging from zero to five.
Technology firms took eight of the first 10 places in the review led by Microsoft.
The Management Top 250 concludes a successful 4th quarter for Cummins in terms of awards and recognition. Other honors include:
- Cummins in December was named to Newsweek’s list of America’s Most Responsible Companies for 2021. The company ranked No. 24 overall, and second in the automotive and components category, in the review, produced in partnership with Statista.
- The company in November was named for a 15th consecutive year to the S&P Dow Jones Sustainability Indices for North America, one of the premier measures of corporate sustainability.
- Cummins in October was one of 21 companies named a “Culture Champion” by a partnership between the Massachusetts Institute of Technology and Glassdoor, one of the world’s leading recruiting websites. The company received high marks for creating cultures of integrity and respect and ranked first in the study’s category for promoting a diverse and inclusive workplace culture.
- Also in October, the company was named to Investor’s Business Daily’s 2020 Best ESG Companies, Environmental Social & Governance list. The company ranked No. 37 on the list, up from No. 48 the previous year.
- Cummins was also named in October to Forbes’ 2021 Just 100 ranking of America’s Most Just Companies, done in partnership with JUST Capital. Cummins finished No. 99 in the review, which is based in part on a survey of Americans to glean what they want from good corporate citizens.