BOSTON—It's one thing to say sustainability is priority. It's quite another to prove it.
Cabot Corp. is set on doing the latter. It's focused on leading by example and proving every day that sustainability is a top priority in all aspects of its business, from its materials science strides and product offerings to its operational efficiencies.
And the company also has the accolades to back it up. Three of them to be exact.
For the third consecutive year, Cabot has received from EcoVadis a platinum rating for its sustainability strides. It's the highest designation awarded by EcoVadis, which independently assesses the sustainability of more than 100,000 companies across more than 200 industries and 175 countries.
"As a company, we embrace sustainability as a strategic imperative and are steadfast in our commitment to bring the power of innovative chemistry to help solve many of the world's sustainability challenges," Cabot CEO Sean Keohane said in a statement. "This recognition is a testament to the hard work of our dedicated team across the globe to deliver on our sustainability objectives as well as develop innovative solutions that increase circularity and contribute to a net zero future."
EcoVadis' ratings have become a leading indicator of sustainability efforts across a number industries—including the rubber and tire sectors—and have become essential to helping OEMs and rubber product makers as they look to establish more transparent supply chains of their own.
And for Cabot, the EcoVadis rating also is affirmation that it is making strides toward some of its boldest sustainability goals—goals that took root more than a decade ago. Short term, for instance, Cabot looks to reduce emissions and energy consumption.
The specialty chemicals and performance materials company further articulated its vision for a more sustainable future at the Tire Technology Expo when it launched Evolve, a technology platform that will drive Cabot's evolution toward a more sustainable and circular future.
"Achieving and maintaining the EcoVadis platinum rating is no easy feat and takes the partnership and commitment of our entire company working to develop technologies to meet sustainability challenges, conserve resources across our value chain and grow our position in the circular economy," Martin O'Neill, senior vice president and chief sustainability officer, said in a news release. "This important work is enabling us to maintain our status as a leader in our industry as we continue to advance in our ESG efforts at a global scale."
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