We set high performance targets for ourselves and are proud of the recognition we have earned.
We have developed our own internal standards that provide guidance and explain how to uphold our values and ethical standards. Such standards include our corporate values, ethics and compliance, supplier code of conduct, safety guidelines and manufacturing processes.
Additionally, our employees actively participate and often serve in leadership roles within industry trade groups. These organizations collaborate to ensure that material-specific toxicology assessments and epidemiological research are properly conducted and reported consistently using best practices for scientific research. We believe that working in partnership with others and committing to voluntary initiatives is critical to demonstrating collaboration and leadership. For example, we are engaged in positive discussions concerning the role of regulation, as well as industry, in achieving global reductions in carbon dioxide (CO2) over time and mitigating the negative impacts of climate change.
United Nations Global Compact
Taking the next step on our sustainability journey, we proudly became a signatory to the United Nations Global Compact (UNGC) in July 2015. We have long fostered the spirit and intent of the 10 universally accepted UNGC principles in the areas of human rights, labor, environment and anti-corruption. These principles are a natural extension of our values and business model. We continue to have strong programs that positively impact employees, customers, suppliers and the communities in which we operate. Our most recent performance in these areas is discussed throughout this report.
One of our first courses of action following this commitment was to reevaluate our approach to protecting human rights. Addressing this topic has long been part of our normal business practices. We introduced a standalone Human Rights Policy in the spring of 2016 to ensure that our expectations are clear to employees and suppliers. This policy covers fundamental aspects of human rights consistent with leading global guidelines such as the Universal Declaration of Human Rights.
Ensuring our employees are treated fairly and given the support they need for achieving personal success in their professions is one of our key objectives. We look to foster diversity in our workforce along with a culture that is fully accepting of our differences. Throughout all our practices, we observe the civil rights of our employees. We also expect our suppliers to uphold our Supplier Code of Conduct which is based on our Code of Business Ethics and explicitly prohibits practices involving forced or child labor. Further, we introduced a safety performance goal in 2014 as a way to reinforce our position on the safety of our employees and contractors. That goal is to achieve and maintain our safety performance in the top 10% of our peer group companies.
Managing and working to mitigate the impact our operations have on the environment is a core element of our business. With the introduction of our updated environmental performance goals in 2014, we refreshed our focus on addressing our energy consumption, greenhouse gas emissions, air pollutants and waste. Across all our facilities, we continue to identify opportunities to reduce our impacts, improve efficiency and avoid environmental non-conformances.
We are committed to conducting business ethically both as a whole corporation as well as at the individual employee level. Bribes, kickbacks, payoffs and all other forms of improper payments are explicitly prohibited. In support of this effort, all employees are required to complete training on our Code of Business Ethics that includes the topic of anti-corruption and we conduct additional focused trainings on this subject. Our International Anti-Corruption Compliance Manual provides further guidance on how to avoid corruption risks and comply with our high ethical standards. The Manual also sets forth certain due diligence and certification processes that we require prior to engaging third parties who will act on Cabot’s behalf. We also have an Office of Compliance that reviews potential risks of corruption so we may implement preventive measures as necessary. In the event that an incident does occur, we take swift action to resolve the matter, which could include conducting additional training, procedure modification and/or termination of employment for the individuals involved.
Responsible Care embodies the chemical industry’s commitment to the safe, responsible and sustainable management of chemicals through their entire life cycle. We have been an active leader in Responsible Care since joining the American Chemistry Council (ACC) in 2010. Our participation signifies our deep belief in the value of external engagement and third-party certification of our safety, health, environmental and security management systems.
Through Responsible Care, we are committed to:
- Continuously improving the safety, health and environmental performance of our technologies, processes and products
- Using resources wisely and minimizing waste
- Promoting responsible management of chemicals
- Upholding open communications with stakeholders
Within this program, we have chosen to implement RC 14001, which incorporates the requirements of both the Responsible Care code and the International Organization for Standardization (ISO) 14001 Environmental Management Systems, for our manufacturing facilities and corporate offices in the United States and our carbon black facility in Canada. Each year following certification, several of our United States manufacturing sites have demonstrated safety leadership by receiving ACC awards in the Achievement, Honor and Excellence categories.
Beyond North America, our international locations also abide by the principles of Responsible Care and have applied them across our global network. For example, we are at the forefront of the Responsible Care in China. As a member of the Association of International Chemical Manufacturers (AICM) that promotes Responsible Care in China, we are actively engaged in leadership positions in the AICM’s environment, safety, emergency planning, production and process safety subcommittees. With the goal of becoming one of the first companies in China to achieve independent third-party Responsible Care certification by 2018, we are currently performing self-assessments at all of our China facilities.
Recognition for our Commitment
Responsible Care Merit Award
In 2015, our colleagues in China were honored with the Responsible Care Merit Award from the Association of International Chemical Manufacturers (AICM) in recognition of their Responsible Care activities.
Since the AICM established the Responsible Care awards in 2013, we have won the award two successive times. This award is a testament to our commitment and leadership in building sustainable practices and further strengthens the concept of sustainability across the chemical industry in China.
Our CEO signed the Global Responsible Care® Charter, which represents our global commitment to the principles of Responsible Care® excellence.Download the Charter