Cabot Corporation Releases 2020 Sustainability Report
Demonstrates Commitment to Increased Transparency and Creating a More Sustainable Future
In 2020, Cabot expanded its sustainability efforts to include an assessment according to the
“As a leader in sustainability in our industry, we understand the value in continuing to develop robust frameworks to engage with stakeholders and make progress with our sustainability agenda,” said
Notable accomplishments highlighted in the 2020 report include:
- Realized 77% of Cabot’s 2025 greenhouse gas emissions intensity goal and 81% of its 2025 energy intensity goal
- Achieved a 48% drop in its recordable injury rate compared to 2019, representing 96% progress toward achieving its 2025 goal for total recordable incident rate
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Contributed over
$1.7 million through theCabot Corporation Foundation and site-level giving to support our local communities across our network of operations around the globe - Formed the Black Employees and Allies United (BEAU) employee resource group (ERG) and developed the framework for 100% of Cabot’s people managers to participate in unconscious bias training opportunities to enable understanding, recognizing and mitigating unconscious bias by the end of 2021
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Extended the purchase of renewable energy to over 25,000 megawatt-hours (MWh) for two of our facilities in the
United Kingdom , up from 3,000 MWh in 2019 and exploring additional opportunities to increase renewable energy purchases globally - Initiated a cradle-to-gate life cycle analysis of Cabot’s carbon black products to identify opportunities to reduce our overall greenhouse gas footprint and collaborate with our customers regarding Scope 3 emissions
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Made significant capital investments in emissions control technology at several carbon black manufacturing facilities including Xingtai,
China , andFranklin andVille Platte, LA , USA, which will result in improved air quality through the reduction of NOX and SOX emissions. TheFranklin facility also significantly contributed to a nearly two percent improvement on our energy intensity as a result of a full year of heat exports from the St. Mary Clean Energy Center, despite reduced production volumes due to the pandemic
“This report showcases our commitment to our three key sustainability pillars – caring for our people and communities, acting responsibly for the planet and building a better future together,” said Martin O’Neill, senior vice president, Safety, Health and Environment (SH&E). “Our progress across these three pillars reinforces our intense focus on sustainability and leading our industry to a more sustainable platform and portfolio for the future.”
The report was developed in accordance with the GRI Standards: Core option and addresses the sustainability accounting standard for the chemicals industry, as defined by the
For more information about sustainability at Cabot and to view the full 2020 Sustainability Report visit cabotcorp.com/sustainability.
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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 for the fiscal year ended
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