Key Achievements in Safety, Emissions Reduction, and Innovation in Cabot's Latest Sustainability Report

　　According to the report on Cabot Corporation’s Website on June 25, 2024, Cabot Corporation released the 2024 Sustainability Report, which details the company’s progress in promoting sustainable development goals. The report reviews Cabot’s performance in achieving its 2025 sustainability goals in 2023 and showcases the company’s efforts to build a more sustainable world. The report is based on the standards of the Global Reporting Initiative (GRI) and provides information support for Cabot’s participation in the United Nations Global Compact (UNGC).

　　“At Cabot, sustainability is at the heart of our purpose. Our mission is to create materials that improve everyday life and enable a more sustainable future. I am incredibly proud of the efforts of our global team. Our progress in achieving world-class safety and environmental performance, as well as our active community engagement, are what makes Cabot unique. In addition, through our innovative chemistry, we are able to help customers, communities and the world address complex sustainability challenges. Our achievements in 2023 provide a foundation for our future and inspire us to continue moving forward,” said Sean Keohane, president and CEO of Cabot Corporation.

　　Key achievements noted in the report include:

　　Industry-leading safety performance: As part of its March to Zero initiative, Cabot set a long-term goal of achieving zero workplace injuries at its global facilities. In 2023, Cabot achieved industry-leading safety performance with a Total Recordable Incident Rate (TRIR) of 0.20, which ranks among the top in the manufacturing industry.

　　2025 Sustainability Goals: Cabot has made significant progress in advancing its sustainability agenda, achieving nine of its 2025 sustainability goals ahead of schedule. Additionally, in 2023, Cabot reduced its absolute greenhouse gas (GHG) Scope 1 and Scope 2 emissions by 330,000 tons of CO2 equivalent emissions compared to 2022. In 2023, Cabot also avoided nearly 600,000 tons of CO2 equivalent emissions associated with energy product exports.

　　Innovation for a Sustainable Future: Cabot is committed to its “Inventing Tomorrow” strategy by developing innovative products and processes for a better future. In 2023, Cabot launched VOLVE® Sustainable Solutions, its technology platform for sustainable reinforcement carbon black and other high-performance materials at industrial scale.

　　Global Certification: In just nine months, seven of Cabot’s global manufacturing sites were certified by the International Sustainability & Carbon Certification (ISCC) PLUS. This certification enables Cabot to offer more sustainable and high-value-added products by incorporating circular value chains and certified raw materials into its production processes.

　　"As we continue to move toward a low-carbon future, we recognize the importance of reducing greenhouse gas emissions across our value chain, which starts with understanding where the opportunities are," said Martin O'Neill, Cabot Corporation's senior vice president of safety, health and environment (SH&E) and government affairs and chief sustainability officer. "In 2023, we completed a comprehensive inventory of our greenhouse gas scope 3 emissions and made significant progress toward our 2025 greenhouse gas scope 1 and scope 2 intensity reduction targets. We look forward to continuing to identify opportunities to significantly reduce environmental impacts and achieve a more sustainable future through our products and processes."

　　About the scope of greenhouse gas emissions

　　Scope 1: refers to greenhouse gas emissions directly generated by the company, mainly including the combustion of fossil fuels such as oil, natural gas, coal, etc. These emissions come directly from the company's own activities, such as the combustion process in the plant, the operation of equipment, and the use of the company's fleet.

　　Scope 2: refers to greenhouse gas emissions indirectly generated by the company, mainly from the production and consumption of purchased electricity or heat. When a company purchases electricity from the grid, the carbon dioxide and other greenhouse gas emissions generated by the power company are included in the company's carbon footprint.

　　Scope 3: refers to indirect greenhouse gas emissions generated in all links of the enterprise value chain, including supply chain, product use stage and waste treatment. Supply chain emissions include emissions during raw material procurement, product manufacturing and logistics transportation. Product use stage emissions involve energy consumption and related emissions generated when consumers use the company's products. Waste treatment emissions come from the treatment and disposal of waste generated during the company's production process.