BOSTON--(BUSINESS WIRE)--Aug. 9, 2012--
Corporation (NYSE: CBT) has issued its 2012 Sustainability Matters
Update, reporting the company’s performance and progress in the areas of
safety, environmental performance, sustainability and social investment.
Sustainability Matters: Cabot Corporation's 2011/2012 Sustainability Update (Photo: Business Wire)
The update, now available online at http://www.cabotcorp.com,
reports on Cabot’s activities since the issuance of its 2010/2011
sustainability report in October 2011, which was the company’s first
report issued in conformance with the Global Reporting Initiative's
(GRI) comprehensive CSR Reporting Framework.
“We feel a deep sense of responsibility towards our employees,
stakeholders and the environment. We also believe that there is a strong
positive relationship between sustainability and
financial performance,” said Cabot President and Chief Executive Officer
Patrick Prevost. “Our sustainability report gives insight into our
recent performance. We have new product and process innovations that
will further reduce our emission intensity, and we have also
made improvements in our safety and environmental performance.”
Highlights of the 2012 Sustainability Matters Update include:
Portfolio management: Cabot completed its acquisition of Norit,
the world’s leading producer of activated carbons. This will
strengthen Cabot’s specialty chemicals portfolio with a non-cyclical,
high growth and high margin business and will increase its
capabilities in the sustainability space. It also places Cabot as a
leading provider of purification solutions.
Environmental performance: Cabot invested more than $35 million
in fiscal year 2011 on environmentally-related capital projects to
improve efficiency and maintain regulatory compliance. These projects
helped to make progress on our goal of a 20% reduction in greenhouse
gas emission intensity by 2020, using 2005 as a baseline.
Training and development: Cabot launched several training
programs to help improve leadership skills, provide guidance to our
employees for conducting our business ethically and in compliance with
the law, and establish a renewed set of corporate values.
Employee safety: Cabot maintained one of the best safety
records among global manufacturing organizations with a 2011 Total
Recordable Incident Rate (which is the total number of incidents per
200,000 hours worked) of 0.31. We continue to invest in improving our
process safety management by focusing on operational improvements and
Sustainable development and innovation: Cabot created new
product and process applications that are contributing to
sustainability advances in several industries, including renewable
energy, sustainable development and transportation. Cabot is focused
on product innovation and process improvements that can reduce the
impact on the environment.
Community outreach: Over the past year, Cabot donated more than
$1.9 million in direct and in-kind support to a wide-range of programs
aimed to improve science and technology literacy, and enhance
community health and human services.
External recognitions: Cabot was recognized for its
sustainability efforts by being included in the Calvert Social Index®,
ranked a “leader” in the Maplecroft Climate Innovation Indexes (CII)
Cycle 3, as well as named one of the 2012 100 Best Corporate Citizens
by Corporate Responsibility (CR) Magazine.
“Our sustainability report is an important part of our commitment to
transparency and ensuring that our economic, environmental and social
responsibility efforts are fully understood by our employees, investors,
customers and neighbors,” said Prevost. “We will continue to make
progress towards our greenhouse gas goal and are exploring additional
areas to target. We are proud of the positive achievements we have made
to date and look forward to the ideas and feedback from the readers of
our new report.”
In addition to the Sustainability Update, Cabot will report its 2011
greenhouse gas (GHG) emissions to the Carbon Disclosure Project (CDP)
for the fourth consecutive year. The CDP promotes the disclosure of GHG
emission data by the world's largest corporations to create the most
comprehensive repository of GHG emissions data. The data are then made
available to institutional investors, business leaders, policy makers,
and the general public.
About Cabot Corporation
Cabot Corporation (NYSE: CBT) is a global specialty chemicals and
performance materials company, headquartered in Boston, Massachusetts.
The company is the world’s No. 1 producer of rubber and specialty grade carbon
colorants and cesium
formate drilling fluids and has market-leading positions in fumed
composites. For more information on Cabot, please visit the
company’s website is: http://www.cabotcorp.com
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995: Statements in the press release regarding Cabot’s business
that are not historical facts are forward looking statements that
involve risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those
contained in the forward looking statements, see “Risk Factors” in the
Company’s Annual Report on Form 10-K.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50370632&lang=en
Source: Cabot Corporation
Vanessa Apicerno, 617-342-6015
Erica McLaughlin, 617-342-6090