Cabot Corporation (NYSE: CBT) shares soared Thursday, on news the company has earned a platinum rating from EcoVadis, the highest recognition available, for the sixth consecutive year. The platinum rating recognizes Cabot’s environmental, social and governance (ESG) efforts and places the company among the top 1% of companies assessed by EcoVadis globally.
This prestigious recognition highlights Cabot’s dedication to the innovation of meaningful environmental and social progress as well as its ongoing commitment to advancing transparency across its value chain.
EcoVadis assesses the sustainability performance and management systems of more than 150,000 companies in over 185 countries across more than 250 industries within four key areas: environment, labor & human rights, ethics, and sustainable procurement.
This year, Cabot achieved a five point increase in its overall score, representing its largest year-over-year improvement to date, with notable gains made in the ethics category.
The company once again earned an “outstanding” rating in both the environment category and labor & human rights categories, the highest recognition awarded by EcoVadis. The EcoVadis methodology is built on international sustainability standards, including the Global Reporting Initiative, United Nations Global Compact and ISO 26000.
CBT shares tacked on 52 cents to $89.00
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