BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) announced that it has been named to the 2017 Most Responsible Companies in the Materials Industry Sector, according to Corporate Responsibility (CR) Magazine. In addition, EcoVadis also recognized Cabot’s commitment to sustainability by awarding it gold recognition level.
CR Magazine’s “2017 Most Responsible Companies Ranked by Industry Sector” list helps companies create and promote supply chains that are comprised of the most responsible, sustainable and transparent organizations. The Industry Sector lists rank the top 13 companies in selected industries using publicly available information in seven categories: environment, climate change, employee relations, human rights, corporate governance, finance and philanthropy.
“It is an honor to be recognized alongside many prestigious organizations as one of the most responsible companies in the Materials sector,” said Clare Connolly, manager, Sustainability. “This recognition reflects Cabot’s long-term commitment to sustainability and serves as a testament to the great work that our colleagues are doing globally to advance our sustainability program.”
Additionally, earlier this year and for the second consecutive year, Cabot was recognized with a gold level evaluation by EcoVadis, an independent assessment organization that specializes in evaluating sustainability programs and related performance of participating companies. Cabot ranked in the top 5% of suppliers assessed by EcoVadis in all categories, and in the top 7% within the chemical industry. The EcoVadis methodology is based on internationally accepted sustainability standards to ensure reliable third-party evaluations.
“As a company, we work very hard to continually improve our performance in the areas of safety, environment, human rights, and positive economic impacts,” said Martin O’Neill, senior vice president, Safety, Health and Environment. “These third-party rankings are increasingly being utilized by our customers and other stakeholders. I am proud to see Cabot consistently recognized as one of the leading performers in our industry.”
Cabot follows rigorous standards in the disclosure of its sustainability performance. This includes the development of sustainability reports in accordance with the Global Reporting Initiative, an internationally accepted framework for the preparation of sustainability reports. Cabot is also a signatory of the United Nations Global Compact (UNGC) and supports the initiative’s 10 principles in the areas of human rights, labor relations, the environment and anti-corruption.
For more information on Cabot’s sustainability initiatives, please visit: cabotcorp.com/sustainability
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, cesium formate drilling fluids, masterbatches and conductive compounds, fumed silica, and aerogel. For more information on Cabot, please visit the company’s website at: http://www.cabotcorp.com.
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.