Cabot earns EcoVadis platinum, improves sustainability scores

BOSTON—Cabot Corp.'s sustainability journey reached another milestone as the company earned a platinum rating from EcoVadis. The platinum rating—the highest available—places Cabot among the top 1 percent of companies evaluated by EcoVadis.

"We are honored to be recognized once again by EcoVadis for our excellent sustainability performance," Cabot CEO Sean Keohane said in a statement. "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."

Built on international sustainability standards—including the Global Reporting Initiative, United Nations Global Compact and ISO 26000—the rating takes into account four key areas: environment, labor and human rights, ethics, and sustainable procurement. Overall, it is designed to reflect the company's sustainability management systems and dedication to sustainability.

EcoVadis, Cabot said, evaluates the sustainability performance and management systems of more than 130,000 companies in over 180 countries across more than 220 industries.

"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," Keohane said. "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 also received B ratings from CDP, a non-profit organization that spearheads the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.

Cabot improved its scores in two categories, receiving a B in the climate change category and a B- for supplier engagement. Cabot maintained its B rating in water security.

"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 also resulted in an improved CDP score," said Martin O'Neill, senior vice president of safety, health and environment and government affairs, and chief sustainability officer. "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."