Cabot Corporation Releases 2024 Sustainability Report Highlighting Achievements

The report was developed in accordance with the Global Reporting Initiative (GRI) Standards and provides information in support of Cabot's participation in the United Nations Global Compact (UNCG).

'At Cabot, sustainability is central to our purpose of creating materials that improve daily life and enable a more sustainable future,' said Sean Keohane, president and CEO. 'I am incredibly proud of the collective efforts of our global team. Our progress in achieving world class safety and environmental performance, and active engagement in our communities are examples of where Cabot is making a difference. Furthermore, through our innovative chemistry, we can help solve complex sustainability challenges for our customers, communities and the world. Our accomplishments in 2023 will serve as both the foundation for our future and inspiration for the journey ahead.'

Notable key achievements in the report include:

• Industry-Leading Safety Performance: As part of its 'Drive to Zero' initiative, Cabot has set a long-term goal of achieving zero injuries at its facilities worldwide. In calendar year 2023, Cabot achieved industry-leading safety performance, with a Total Recordable Incident Rate (TRIR) of 0.20, placing the company in the top decile of manufacturing companies.


• 2025 Sustainability Goals: Cabot continued to make significant progress in advancing its sustainability agenda, resulting in the achievement of nine of its 2025 Sustainability Goals ahead of schedule. Furthermore, in calendar year 2023, Cabot reduced its absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 330,000 metric tons (MT) CO₂e compared to calendar year 2022. Cabot has also avoided nearly a total of 600,000 MT CO₂e emissions associated with the export of energy products in 2023.


• Innovations for a Sustainable Future: In alignment with its 'Creating for Tomorrow' strategy, Cabot is developing innovative products and processes that enable a better future. In 2023, Cabot launched EVOLVE® Sustainable Solutions, its technology platform for delivering sustainable reinforcing carbons and other performance materials at industrial scale.


• Global Certifications: The company achieved International Sustainability and Carbon Certification (ISCC) PLUS certification at seven of its sites globally in just nine months. This certification enables Cabot to offer more sustainable and valuable products by incorporating circular value chains and certified feedstocks into its manufacturing process.

'As we continue to make advancements toward a lower carbon future, we recognize the critical importance in reducing the GHG emissions across our entire value chain, and that starts with understanding where the opportunities are,' said Martin O'Neill, senior vice president, Safety, Health and Environment (SH&E) and Government Affairs, chief sustainability officer. 'In 2023, we completed a comprehensive inventory of our Scope 3 GHG emissions, while making great progress on our 2025 GHG Scope 1 and Scope 2 intensity reduction goal. We look forward to continuing to identify opportunities that will help reduce environmental impact and enable a more sustainable future with our products and processes.'

Source: Cabot Corporation