Cabot releases new report: Important breakthroughs in sustainable development

Cabot recently released its "2024 Sustainability Report", which provides an in-depth demonstration of the company's outstanding performance and results in the field of sustainable development. According to the report, Cabot has not only met international safety and environmental management standards in the past year, but has also made significant progress on the road to promoting its 2025 Sustainable Development Strategy.

Cabot's CEO Sean Keohane emphasized that sustainability is the cornerstone of the company's core philosophy of "creating materials for a more perfect day and achieving a sustainable future." He mentioned that thanks to the collaborative efforts of the global team, Cabot has not only achieved top-notch safety and environmental performance, but also actively helped customers, communities and even the world respond to complex sustainable development problems through chemical innovation. He feels very proud. Ke Shang believes that the brilliant achievements in 2023 have laid a solid foundation for the company's future development and injected strong impetus into the new journey.

According to Carbon Black Industry Network, Martin O'Neill, senior vice president and chief sustainability officer of Cabot, also shared the company's determination and progress in reducing greenhouse gas emissions. He said that as the world transitions to a low-carbon society, it is crucial to identify and seize opportunities to reduce carbon emissions. In 2023, Cabot completed a detailed inventory of Scope 3 greenhouse gas emissions and made significant progress towards the 2025 goal in reducing Scope 1 and Scope 2 greenhouse gas emission intensity. Martin O'Neill emphasized that Cabot will continue to explore various possibilities, leverage the advantages of its own products and processes, strive to reduce negative impacts on the environment, and contribute to building a greener future.

Highlights of Cabot's 2024 Sustainable Development Report:

Excellent safety performance:

Cabot sets a long-term goal of zero-injury safe operation at bases around the world.

Achieve a Recordable Accident Rate (TRIR) of 0.20 in 2023, ranking among the top ten in the manufacturing industry in safety results.

Significant sustainable development results:

The nine sustainable development goals for 2025 have been achieved ahead of schedule.

Successfully reduce Scope 1 and Scope 2 greenhouse gas emissions by 3.3 million tons of carbon dioxide equivalent in 2023.

Through the export of energy products, nearly 6 million tons of carbon dioxide equivalent emissions were avoided.

Innovation promotes sustainable development:

Launched the EVOLVE® Sustainable Solutions Technology Platform, focusing on the development of sustainable reinforced carbon materials and other high-performance materials.

Global authoritative certification:

In just nine months, seven factories around the world received International Sustainability and Carbon Certification (ISCC)PLUS certification.

Incorporate circular value chains and certified raw materials to manufacturing processes to provide more sustainable, high-value products.