Cabot Corporation Earns Platinum Rating from EcoVadis for Fourth Consecutive Year
Cabot (NYSE: CBT) has been awarded a platinum rating by EcoVadis for the fourth consecutive year, placing it among the top 1% of over 130,000 companies assessed worldwide.
The rating recognizes Cabot's outstanding performance in environmental, social, and governance (ESG) efforts, particularly its sustainability management system and transparency across its value chain.
Cabot received the highest score of 'outstanding' in the environment category, reflecting its leadership in sustainability. The company also achieved improved scores from CDP, securing 'B' ratings in climate change and water security, and a 'B-' in supplier engagement.
Cabot's commitment to decarbonization, resource conservation, and the circular economy was emphasized by CEO Sean Keohane and Chief Sustainability Officer Martin O'Neill, who highlighted the company's continuous improvements and dedication to a more sustainable future.
- Cabot received a platinum rating from EcoVadis for the fourth year in a row.
- Top 1% ranking among over 130,000 companies assessed globally for sustainability.
- Outstanding score in the environment category, reflecting exceptional sustainability performance.
- Improved CDP scores: 'B' in climate change and 'B-' in supplier engagement.
- Sustained 'B' rating in water security.
- Commitment to developing innovative solutions for decarbonization and resource conservation.
- Despite overall improvements, the company still only achieved a 'B-' rating in CDP's supplier engagement category, indicating room for improvement.
Company recognized among the top
EcoVadis evaluates the sustainability performance and management systems of more than 130,000 companies in over 180 countries across more than 220 industries within four key areas: environment, labor and human rights, ethics, and sustainable procurement. This year, Cabot once again received the top sustainability performance score of “outstanding” in the environment category. The EcoVadis methodology is built on international sustainability standards, including the Global Reporting Initiative, United Nations Global Compact and ISO 26000.
“We are honored to be recognized once again by EcoVadis for our excellent sustainability performance. With EcoVadis raising the bar higher than ever, we are immensely proud of our team’s hard work to identify and act on opportunities to further advance our sustainability performance,” said Sean Keohane, president and CEO. “At Cabot, we are responding to our stakeholders and customers by developing innovative solutions that will further our decarbonization strategy, conserve resources across our value chain, and grow our position in the circular economy. Our EcoVadis rating reflects Cabot’s leadership and dedication to continuous improvement and enabling a more sustainable future with our products and processes.”
Furthermore, Cabot recently received its 2023 scores from CDP, a non-for-profit organization that spearheads the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. CDP annually evaluates participating companies across three areas: climate change, supplier engagement and water security. Cabot achieved improved scores in two out of the three rated areas, including a ‘B’ rating in climate change and a ‘B-' rating in supplier engagement. The company remained at a ‘B’ rating in water security.
“As a leader in our industry, we understand our role in setting an example for sustainability performance and transparency. We are proud that our efforts continue to be recognized by EcoVadis at the highest level and the enhancements we have made to our sustainability agenda also resulted in an improved CDP score,” said Martin O’Neill, senior vice president, Safety, Health and Environment (SH&E) and Government Affairs; chief sustainability officer. “Each year, we use these valuable assessments to uncover new opportunities to further improve our sustainability program. It is crucial that we continue to honor our commitments and remain accountable to our stakeholders as we work together toward achieving a lower carbon future.”
For more information about Cabot’s commitment to sustainability and its ESG disclosures, visit cabotcorp.com/sustainability.
ABOUT CABOT CORPORATION
Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company headquartered in
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot's business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.
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Emily Moran
Corporate Communications
emily.moran@cabotcorp.com
(617) 460-4517
Steve Delahunt
Investor Relations
steve.delahunt@cabotcorp.com
(617) 342-6255
Source: Cabot Corporation
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