BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) has been named to the Maplecroft Climate Innovation Indexes (CII) Cycle 3 as a Maplecroft CII Leader. Cabot ranked forty-fourth among the top 100 leading companies that demonstrated superior management, mitigation and adaptation in the field of climate innovation.
Maplecroft evaluated more than 360 of the largest U.S. companies for climate-related innovation and carbon management programs. The third release of the CIIs includes an additional 37 companies since Cycle I was initiated in 2009.
Maplecroft recognized Cabot for its strong research and development program, which has produced products enabling improvements in renewable energy and energy efficiency. These include such products as Cabot aerogel, advanced battery materials, CAB-O-SIL®fumed silica, and Transfinity™ elastomer composites, among others.
The company also cited Cabot’s Enterprise Risk Management system and internal risk assessments, which demonstrate an awareness of climate change-related vulnerabilities to company facilities.
Maplecroft CEO Alyson Warhurst believes that “Cabot’s rank of 44th in Maplecroft’s CIIs is significantly informed by both its research and development commitment and achievements as well as its leading approach to lifecycle analysis. This approach evaluates the environmental, health and safety issues throughout the entire product / process lifecycle. The further development of innovative new products has enabled improvements to energy efficiency and emissions reductions.”
Maplecroft, based in the United Kingdom, is a research and consulting company that reports on sustainability-related risks. The firm rates corporations based on performance in five areas: quality of management on climate issues, mitigation of carbon emissions, emissions reduction, use of innovative technologies and business practices that capitalize on climate-related opportunities, and adaptation, which is how companies address climate challenges within their operations.
“At Cabot, we understand the importance of climate change and the need for sustainable products as well as manufacturing operations,” said Martin O'Neill, Cabot senior vice president, safety, health and environment. “We are committed to making a positive impact and our inclusion among the leading companies in the Maplecroft CII demonstrates that we are making meaningful progress.”
To learn more about Cabot’s commitment to sustainability, go to Cabot’s 2010/2011 sustainability report, “Sustainability Matters.”
ABOUT CABOT CORPORATION
Cabot Corporation is a global specialty chemical and performance materials company headquartered in Boston, Mass, USA. Cabot’s other major products are carbon black, fumed silica, inkjet colorants, aerogel, elastomer composites, and cesium formate drilling fluids. The company’s website is: 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.