Cabot Corporation's 2020 Sustainability Report: Progress and Initiatives

Cabot Corporation, a global specialty materials company, has made significant progress in its sustainability efforts as highlighted in its 2020 Sustainability Report. Published in June 2021, the report showcases the company's commitment to its 2025 Sustainability Goals, including reducing greenhouse gas emissions and promoting sustainable practices. Cabot has expanded its sustainability efforts to include assessments according to the Task Force for Climate-related Financial Disclosures (TCFD) guidelines, and participates in initiatives such as the Science-Based Targets initiative (SBTi) and the Assessing low Carbon Transition (ACT) Chemical Sector Technical Working Group.

Key Takeaways:

Cabot achieved 77% of its 2025 greenhouse gas emissions intensity goal and 81% of its 2025 energy intensity goal in 2020.
The company realized a 48% drop in its recordable injury rate, representing 96% progress toward achieving its 2025 goal for total recordable incident rate.
Cabot contributed over $1.7 million to local communities through the Cabot Corporation Foundation and site-level giving in 2020.
The company formed the Black Employees and Allies United (BEAU) employee resource group and developed a framework for unconscious bias training for all people managers.
Cabot extended its purchase of renewable energy to over 25,000 megawatt-hours (MWh) for two of its facilities in the United Kingdom.
The company initiated a cradle-to-gate life cycle analysis of its carbon black products to identify opportunities to reduce its overall greenhouse gas footprint.
Cabot made significant capital investments in emissions control technology at several carbon black manufacturing facilities, resulting in improved air quality through the reduction of NOX and SOX emissions.

Statistics:

Cabot achieved a 48% drop in recordable injury rate in 2020.
The company made advancements in renewable energy purchases, increasing purchases to over 25,000 megawatt-hours (MWh) for two of its facilities in the United Kingdom.
Cabot's greenhouse gas emissions intensity goal is targeted for 77% reduction by 2025.
The company's energy intensity goal is targeted for 81% reduction by 2025.
Cabot contributed over $1.7 million to local communities through the Cabot Corporation Foundation and site-level giving in 2020.

Sources:

Cabot Corporation, 2020 Sustainability Report, published on June 28, 2021, on the company's website: https://www.cabotcorp.com/