Cabot Corporation Receives EcoVadis Gold Level Rating for Fourth Consecutive Year
Business Wire 10-Oct-2019 9:00 AM
Company placed in top 1% of EcoVadis rankings for chemical industry
Cabot Corporation (NYSE:CBT) has received a gold level rating from EcoVadis for the fourth consecutive year. The gold rating represents the highest EcoVadis sustainability recognition level and is awarded to the top 5% of rated companies. Cabot is ranked in the 99th percentile among chemical industry peers, highlighting the company's leadership position and commitment to best practices.
EcoVadis is an independent assessment organization that evaluates companies' sustainability performance in the areas of environment, labor practices and human rights, ethics and sustainable procurement. Their methodology is based on international sustainability standards including the Global Reporting Initiative, United Nations Global Compact (UNGC) and ISO 26000?.
"Achieving a gold rating for four straight years is the result of actions across Cabot to continuously improve our sustainability performance and demonstrate our commitment to operate responsibly, conserve resources and develop innovative performance materials to address the sustainability challenges of our customers, communities and the world," said Karen Rankin, director, Regulatory Affairs and Sustainability.
Cabot ranked in the top 1% within the chemical manufacturer group and the top 5% of suppliers assessed by EcoVadis in all categories. Furthermore, Cabot exceeded industry benchmarks in each performance area and achieved an overall improvement of five points over its 2018 score.
"This is foundational to how we create value for our customers both through our consistent and reliable performance, and through the sustainability impacts of our innovative materials," said Martin O'Neill, senior vice president, Safety, Health and Environment. "Our carbon blacks enable tires that last longer and use fuel more efficiently, our advanced carbon materials improve the durability and performance of next generation batteries, and our masterbatch formulations are incorporating recycled content to further our role in the circular economy. It clearly demonstrates the value of partnering with Cabot."
Cabot follows strict and transparent standards regarding the reporting of its sustainability performance. This includes the development of sustainability reports in accordance with the Global Reporting Initiative (GRI); acting as a signatory of the United Nation Global Compact (UNGC); and participating in the American Chemistry Council (ACC) and its voluntary Responsible Care® initiative.
For more information on Cabot's sustainability initiatives, please visit: cabotcorp.com/sustainability or download Cabot's latest sustainability report at: cabotcorp.com/sustainabilityreport.
ABOUT CABOT CORPORATION
Cabot Corporation (NYSE:CBT) is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and specialty carbons, activated carbon, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel. For more information on Cabot, please visit the company's website at cabotcorp.com.
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