Cabot Corporation Details Sustainability Progress in 2023 Sustainability Report

Cabot Corporation (NYSE: CBT) today published its 2023 Sustainability Report, highlighting the progress it has achieved on its sustainability program and aspirations for the future. The report outlines Cabot’s 2022 performance and advancements toward its 2025 Sustainability Goals as well as its vision for creating a more sustainable world. This report was developed with reference to the Global Reporting Initiative (GRI) Standards and provides information in support of Cabot's participation in the United Nations Global Compact (UNCG).

Notable key achievements from the report include:

• Achieved nitrogen oxides (NO_X) emissions goal to reduce NO_X intensity by 50% by investing in air pollution control technology and energy recovery systems
• Exceeded the 2025 energy ratio target of 200% by achieving 214% in 2022 through energy efficiency improvements and investing in energy recovery systems
• Enabled the company’s energy customers to avoid approximately 497,000 MT of greenhouse gas (GHG) emissions by converting waste heat into useful energy at 13 of its manufacturing facilities across its global network
• Achieved waste reduction goal and decreased total waste disposal by 57% from the 2019 baseline due to a reduction in production of off-quality products, an increase in beneficial use and reduction in waste generated
• Conducted a life cycle assessment for its engineered elastomer composites (E2C) solutions, which demonstrates that GHG emissions are reduced by employing E2C solutions
• Secured 100% site participation in community engagement activities across its global network
• The Cabot Corporation Foundation committed $250,000 of which $180,000 has been donated to date to support Ukraine humanitarian efforts
• Invested $319 million in 2022 which enabled the company to exceed its 2025 goal to invest $1 billion in capital and technology

“As we continued to navigate a challenging global environment, the importance of our ‘Creating for Tomorrow’ strategy and focus on sustainability has become even more prominent in our daily activities,” said Sean Keohane, president and CEO. “I am proud of the many accomplishments we have made throughout the past year including the launch of our EVOLVE Sustainable Solutions technology platform as well as key investments made in furthering our leadership position as a provider of crucial conductive additives and other battery materials that are helping to enable the transformational shift in mobility to electric vehicles. With the dedication of our team, steadfast commitment to continuous improvement and ability to leverage the power of innovative chemistry, I am confident that we will continue to make a positive impact in solving some of the world’s most pressing sustainability challenges.”