Energy Efficiency, GHG Emissions, Industrial - June 25, 2024
Cabot Corporation Reports Emissions Progress
Cabot Corporation announced the achievement of nine of its 2025 Sustainability Goals ahead of schedule, including the reduction of its absolute Scope 1 and Scope 2 GHG emissions by 330,000 metric tons (MT) CO2e compared to calendar year 2022.
A global specialty chemicals and performance materials company, Cabot also avoided a total of nearly 600,000 MT CO2e emissions associated with the export of energy products in 2023.
Cabot is developing innovative products and processes in alignment with its “Creating for Tomorrow” strategy. In 2023, the company launched EVOLVE® Sustainable Solutions, its technology platform for delivering sustainable reinforcing carbons and other performance materials at industrial scale.
The company achieved International Sustainability and Carbon Certification (ISCC) PLUS certification at seven of its sites globally in nine months. This certification enables Cabot to offer more sustainable and valuable products by incorporating circular value chains and certified feedstocks into its manufacturing process.
Details were published in its 2024 Sustainability Report, which details the progress it has achieved on advancing its sustainability objectives. The report outlines Cabot’s 2023 performance toward meeting its 2025 Sustainability Goals and opportunities to further enable a more sustainable world. The report was developed in accordance with the Global Reporting Initiative (GRI) Standards and provides information in support of Cabot's participation in the United Nations Global Compact (UNCG).
“As we continue to make advancements toward a lower carbon future, we recognize the critical importance in reducing the GHG emissions across our entire value chain, and that starts with understanding where the opportunities are,” said Martin O’Neill, senior vice president, Safety, Health and Environment (SH&E) and Government Affairs; chief sustainability officer, in a statement. “In 2023, we completed a comprehensive inventory of our Scope 3 GHG emissions, while making great progress on our 2025 GHG Scope 1 and Scope 2 intensity reduction goal. We look forward to continuing to identify opportunities that will help reduce environmental impact and enable a more sustainable future with our products and processes.”
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