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
Since 2015, we have been a proud signatory of the UNGC and remain committed to making progress with respect to the 10 principles within the categories of environment, labor, human rights and anti-corruption.
We are committed to conducting our business with integrity and believe that it is our responsibility to respect human rights with regard to our employees, suppliers, customers and communities. We firmly believe that every individual deserves to be treated with dignity, honesty, integrity, respect and fairness. We are guided by international standards embodied in the United Nations Universal Declaration of Human Rights; the International Covenant on Civil and Political Rights; the International Covenant on Economic, Social and Cultural Rights; and the International Labor Organization’s Declaration on Fundamental Principles and Rights at Work. Our commitment is also explicitly covered in our Code of Business Ethics and in our formal Human Rights Policy. We also require that our suppliers comply with our Code of Business Ethics, which in some cases demands higher standards than required by local law. Pursuant to the California Transparency in Supply Chains Act, we have posted on our website a statement that suppliers are expected to comply with all applicable laws and standards related to labor practices and human rights.
Supporting the safety and well-being of our workforce is our top priority. We work diligently to ensure the safety of our employees, contractors, visitors and communities where we operate. We maintain our sharp focus on safety by ensuring all employees, contractors and visitors are well trained and equipped with everything they need to return home each day the same as they arrived at our facilities. In addition, we recognize the benefit of promoting wellness across our workforce and offer numerous opportunities to promote employees’ wellness inside and outside of work while creating a healthier, more engaged culture. In addition to safety, we strive to ensure our organization reflects the diversity of our operations and are committed to providing equal opportunity for all employees at all levels. As one of our core values, we respect the differences of all our employees and have zero tolerance for discrimination on the basis of ethnic or racial status, color, nationality, descent, religion, caste, gender, age, physical characteristics or appearance, sexual orientation, union membership, or political affiliation. We are fully compliant with all requirements stemming from labor legislation and collective agreements in the countries in which we operate.
We are dedicated to understanding and managing our environmental impacts on the world. We recognize the numerous environmental issues facing our planet and fully accept our responsibility to reduce our environmental footprint to the greatest extent possible across our global operations. To this end, we have developed initiatives to minimize the environmental impact of our business, conserve resources and promote environmental awareness. This commitment is underscored by the fact that the majority of the topics identified as most material to our sustainability program are environmentally related. Globally, our efforts are focused on reducing energy usage, emissions and waste. We have also reevaluated and expanded our 2025 sustainability goals to push ourselves even further between now and 2025. We continuously monitor our progress toward these 2025 targets and other environmental metrics. We also recognize that we must monitor our use of water, an important natural resource, and are working across our network of facilities to develop a strategic water management plan to identify water reduction, recycling and efficiency opportunities.
We require that all employees, suppliers and customers conduct business in accordance with the highest ethical standards and in full compliance with all applicable anti-bribery laws and regulations, which is vital to the success of our business. Our position is that all forms of corruption, including bribery and extortion, are unethical, unacceptable and inconsistent with our values and our Code of Business Ethics. In support of this position, we have developed detailed policies, compliance procedures and training. All employees are required to undergo training on the Code of Business Ethics on an annual basis, through which they learn how to identify potential risks of corruption and how such matters should be addressed. Depending on the employee’s role and job responsibilities, supplementary training may also be required to uphold our high expectations for ethical business conduct. In addition, to facilitate the reporting of potential or suspected misconduct or noncompliance, including bribery-related activities, we provide a reporting hotline through which employees can confidentially report issues or matters of concern.
Since joining the American Chemistry Council (ACC) in 2010, we have embraced the chemical industry’s voluntary Responsible Care® initiative. Through the Responsible Care initiative and the Responsible Care Global Charter, we have made a commitment to improve our health, safety, environmental and security performance throughout the organization. As an active leader in Responsible Care, we are helping drive continuous improvement in the safety and sustainability of our products and operations around the globe.
The Responsible Care principles are closely aligned with our sustainability strategy, and we are an active supporter of these principles around the world. Our participation signifies our deep belief in the value of external engagement and third-party certification of our SH&E and security management systems. Through Responsible Care, we demonstrate our commitment to:
- Continuously improving the SH&E performance of our technologies, processes and products
- Monitoring the security of our sites and working with our neighbors to prepare for and respond to emergencies
- Using resources wisely and minimizing waste
- Promoting responsible management of chemicals
- Communicating openly with stakeholders
Within this program, we have chosen to implement RC14001, which incorporates the requirements of both Responsible Care and International Organization for Standardization (ISO) 14001 environmental management systems. In support of our 2025 goal of having 100% of our operating facilities with certified environmental management systems (EMS), we were successful in achieving certification at several of our global operating locations in 2020. During the year, our Shanghai Holding Office (Asia-Pacific headquarters), Asia Technology Center, and Xuzhou, China specialty carbon facility completed the RC14001 certification process. With the addition of these facilities, 76% of our manufacturing and technology locations have obtained EMS certification.
Task Force for Climate-Related Financial Disclosures
In 2020, we expanded our sustainability efforts to include an assessment according to the Task Force for Climate-Related Financial Disclosures (TCFD) guidelines to further evaluate climate risks and opportunities while increasing transparency regarding actions over the medium and long-term.
We are also participating in the Science-Based Targets initiative (SBTi) Chemical Sector Stakeholder Advisory Group and the Assessing low Carbon Transition (ACT) Chemical Sector Technical Working Group to develop guidelines for the chemical sector. We support the Paris Agreement and are assessing how our medium and long-term goals can align with the latest climate science-based targets.
Platinum Level Recognition
We received Platinum Level Recognition by EcoVadis, an independent assessment organization that specializes in monitoring the performance of sustainability programs.
The platinum rating, which was established in 2020, indicates that Cabot was ranked among the top 1% of companies in its sector. We had received a gold rating the previous four years. This prestigious recognition showcases our long-term commitment to sustainability.
Highest Rating from ISS
We received a top score of 1 in Environmental Performance from the Institutional Shareholder Services (ISS).
Institutional Shareholder Services (ISS) assesses an Environmental QualityScore based on a company’s management of environmental risks and opportunities, carbon emission, climate, use of natural resources, and management of waste and toxicity.
Our CEO signed the Global Responsible Care® Charter, which represents our global commitment to the principles of Responsible Care® excellence.Download the Charter