Caterpillar Invests $2.5 Million to End Extreme Poverty

NEW YORK, Sept. 25, 2014 /PRNewswire/ -- Continuing its efforts to alleviate poverty worldwide, Caterpillar Inc. (NYSE: CAT) and the Caterpillar Foundation are making a $2.5 million investment in The Global Poverty Project (GPP). The investment will support growing the Global Citizen grassroots movement around the world to end extreme poverty by 2030.

"When we can put people on the path to prosperity, it gives them opportunities for education, jobs and ultimately economic growth," said Caterpillar Foundation President Michele Sullivan. "Our investment with The Global Poverty Project will help people fulfill their potential, lifting themselves and their communities out of poverty. I've seen firsthand how these investments can impact lives and really make a difference. This investment will help change lives."

The Caterpillar Foundation investment will support advocacy and public policy work around the world to enable entrepreneurship, especially for women, by removing barriers caused by poor and inequitable access to sanitation – such as places to hand wash or use the toilet – and lack of access to basic education. The Global Poverty Project estimates universal sanitation would improve the entrepreneurial potential of women by freeing up more than 200 million hours for women and girls each day, enabling them to achieve an education, have time for paid employment or run their own small enterprises. This would return an estimated $220 billion to the global economy annually. The investment will also support universal quality primary education for the 31 million girls who currently go without school.  It will help them achieve literacy, and enable them to access higher level academic and vocational education.

"When an organized, critical mass of individuals is equipped to take meaningful action, we can change practices that keep people in extreme poverty," said Hugh Evans, CEO of The Global Poverty Project. "Having a company like Caterpillar involved can scale our work in a way we never imagined."

The Global Poverty Project aims to raise awareness and inspire action on the issue of extreme poverty worldwide at the grassroots level. One way The Global Poverty Project does this is through its cornerstone event, the annual Global Citizen Festival, held this year on September 27 in New York City's Central Park. The Festival is a free-ticketed concert. Music fans and activists win tickets by taking "actions" to end extreme poverty on GlobalCitizen.org. Caterpillar is sponsoring the festival, while Cat® generator sets will provide power. This year, more than 48,000 tickets were given to Global Citizens to attend to the Festival.

About Caterpillar Foundation:
Caterpillar Inc. supports the philanthropic efforts of the Caterpillar Foundation. Founded in 1952, the Caterpillar Foundation has contributed more than $550 million to help make sustainable progress possible around the world by providing program support in the areas of environmental sustainability, access to education and basic human needs. To learn more about the global impact of the Caterpillar Foundation, please visit www.caterpillar.com/foundation.

About Caterpillar:
For nearly 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2013 sales and revenues of $55.656 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Resource Industries, Construction Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.

Forward-looking Statements:
Certain statements in this release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do not undertake to update our forward-looking statements.

Caterpillar's actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global economic conditions and economic conditions in the industries we serve; (ii) government monetary or fiscal policies and infrastructure spending; (iii) commodity price changes, component price increases, fluctuations in demand for our products or significant shortages of component products; (iv) disruptions or volatility in global financial markets limiting our sources of liquidity or the liquidity of our customers, dealers and suppliers; (v) political and economic risks, commercial instability and events beyond our control in the countries in which we operate; (vi) failure to maintain our credit ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity, competitive position and access to capital markets; (vii) our Financial Products segment's risks associated with the financial services industry; (viii) changes in interest rates or market liquidity conditions; (ix) an increase in delinquencies, repossessions or net losses of Cat Financial's customers; (x) new regulations or changes in financial services regulations; (xi) a failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures or divestitures; (xii) international trade policies and their impact on demand for our products and our competitive position; (xiii) our ability to develop, produce and market quality products that meet our customers' needs; (xiv) the impact of the highly competitive environment in which we operate on our sales and pricing; (xv) failure to realize all of the anticipated benefits from initiatives to increase our productivity, efficiency and cash flow and to reduce costs; (xvi) additional restructuring costs or a failure to realize anticipated savings or benefits from past or future cost reduction actions; (xvii) inventory management decisions and sourcing practices of our dealers and our OEM customers; (xviii) compliance with environmental laws and regulation; (xix) alleged or actual violations of trade or anti-corruption laws and regulations; (xx) additional tax expense or exposure; (xxi) currency fluctuations; (xxii) our or Cat Financial's compliance with financial covenants; (xxiii) increased pension plan funding obligations; (xxiv) union disputes or other employee relations issues; (xxv) significant legal proceedings, claims, lawsuits or investigations; (xxvi) compliance requirements imposed if additional carbon emissions legislation and/or regulations are adopted; (xxvii) changes in accounting standards; (xxviii) failure or breach of IT security; (xxix) adverse effects of unexpected events including natural disasters; and (xxx) other factors described in more detail under "Item 1A. Risk Factors" in our Form 10-K filed with the SEC on February 18, 2014, for the year ended December 31, 2013, and in our Form 10-Q filed with the SEC on August 1, 2014, for the quarter ended June 30, 2014.

SOURCE Caterpillar Inc.