Cabot Corporation (NYSE: CBT) Earns Platinum Rating from EcoVadis for Fourth Consecutive Year
Cabot Corporation has achieved a platinum rating from EcoVadis, the highest recognition available, for the fourth consecutive year. This accolade places Cabot among the top 1% of companies assessed by EcoVadis, highlighting the company’s excellence in environmental, social, and governance (ESG) efforts. The platinum rating underscores the quality of Cabot’s sustainability management system and its commitment to promoting transparency across its value chain.
EcoVadis evaluates the sustainability performance and management systems of over 130,000 companies in more than 180 countries across 220+ industries. The assessment focuses on four key areas: environment, labor and human rights, ethics, and sustainable procurement. Cabot received an “outstanding” score in the environment category, the highest possible rating. The EcoVadis methodology is based on international sustainability standards, including the Global Reporting Initiative, United Nations Global Compact, and ISO 26000.
Sean Keohane, president and CEO of Cabot Corporation, stated, “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. 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.”
In addition to the EcoVadis rating, Cabot recently received its 2023 scores from CDP, a non-profit organization that leads the global disclosure system for managing environmental impacts. CDP evaluates companies in three areas: climate change, supplier engagement, and water security. Cabot improved its scores in two of these areas, achieving a ‘B’ rating in climate change and a ‘B-’ rating in supplier engagement, while maintaining a ‘B’ rating in water security.
Martin O’Neill, senior vice president, Safety, Health and Environment (SH&E) and Government Affairs, and chief sustainability officer, commented, “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 have also resulted in improved CDP scores. 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.
