BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) has received its highest score to date from EcoVadis. Recognition of progress from this prestigious organization showcases Cabot’s long-term commitment to sustainability.
For 2015, Cabot was awarded gold level recognition by EcoVadis, an independent assessment organization that specializes in sustainability programs performance monitoring. Cabot ranked in the top 12% of suppliers assessed by EcoVadis in all categories, and in the top 15% within the chemical industry. The EcoVadis methodology is based on international sustainable development standards that help to ensure reliable third-party assessment.
“Cabot’s sustainability efforts begin with a commitment to transparency and performance,” said Gordon Reynolds, director, Americas SH&E, Global Environmental Affairs and Sustainability. “The improvements we’ve seen in our EcoVadis and other third party scores showcase our commitment to advancing our sustainability efforts. We will continue on this journey as we strive to meet our recently updated goals in the coming years.”
Cabot follows rigorous, transparent 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 also recently became 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.
“We have a growing number of stakeholders who are looking at our environmental and social practices and requesting our participation in third party validation such as EcoVadis and the Carbon Disclosure Project,” said Martin O’Neill, senior vice president, Safety, Health and Environment. “I am proud of our improved ratings and believe that they are a direct reflection of the outstanding efforts of our employees around the world. As a leader in the chemical industry, we are committed to managing our impacts while continuing to improve and innovate.”
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, 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.