By TT News| Dec 07, 2021

Cabot Corporation Aligns Its Sustainability Agenda With Paris Climate Agreement

Cabot Corporation has announced its decision to join other companies in aligning the company’s sustainability agenda with the Paris Climate Agreement to achieve net-zero emissions by 2050.

The company hopes to reduce its greenhouse emission intensity by 20 percent as part of its 2025 sustainability goals. Working towards achieving net-zero emission by 2050, Cabot Corporation intends to follow the methodology established by the Science Based Targets Initiative (SBTI).

Engaging and collaborating throughout the process with its suppliers, customers and other stakeholders, the company, according to Sean Keohane, President and CEO, Cabot Corporation, as a leader in the performance materials and speciality chemicals industry is committed to building upon the strong foundation of its long-standing sustainability programme to support the transition to a lower-carbon economy.

“Throughout the years, we have focused on reducing our impact and our net-zero ambition is a natural progression in our sustainability journey. We believe that supporting the Paris Climate Agreement is not only the right thing to do, but it will also strengthen our competitive position and create value for our stakeholders as we advance our efforts to achieve a lower emissions environment,” Keohane added.

Martin O’Neill, Senior Vice President – Safety, Health, Environment and Sustainability, Cabot Corporation, averred, “Our current efforts to reduce greenhouse gas emissions include investments to increase process yields and recover waste heat from our process. Looking ahead, we are excited about the future opportunities to further reduce our impact by increasing circularity across our product portfolio. Furthermore, we support the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) to increase transparency around climate actions, opportunities and progress." (TT)

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