The Circulars 2016 Finalist - Caterpillar Inc

Category: Multinational

Summary: US-based equipment manufacturer, Caterpillar Inc., has incorporated circular economy principles across its value chain, including product development, human resources, supply chain, dealer network, and customer relationships. Caterpillar's remanufacturing business takes back over 80 thousand tons of end-of-life material from customers annually and remanufactures it into good-as-new condition. The company also implements digital technology to drive circular transformation via its remanufacturing, alternative energy and customer job optimization initiatives. An example is its “Cat® Connect” technology, which uses technology to optimize customer fleets and their operations. In all, the company’s circular economy portfolio generated almost 10 billion USD in 2014, accounting for 18 % of the company’s total sales and revenues.