Suppliers' Sustainability

We are committed to conducting business with the highest ethical standards, and we expect the same of our suppliers. At the same time, we also see opportunities to generate shared value through sustainability.

As we advance on our sustainability journey, we believe partnering with our suppliers will play an important role in our ability to generate significant positive impacts beyond our own operations.

While only a limited number of supplier audits took place in 2020 due to COVID-19 impacts and the restructuring of our Source to Pay organization, we maintained 100% coverage with our Supplier Code of Conduct. The key focus for 2020 was to support the launch of our 2025 goal by building capabilities to enhance supply chain sustainability and expand on supplier collaborations. Our Supplier Sustainability Team was established to coordinate efforts across regions and business segments.

Through a series of workshops, the team benchmarked Cabot’s initiatives and identified best practices. Topics included circularity measures, emissions reduction, transportation alternatives, and transparency around suppliers’ sustainability initiatives. A scorecard management approach allowed us to validate the level of initiatives with our key suppliers. This, in turn, led to the development of strategies and metrics which can inform our implementation plans moving forward. For example, we have prioritized near-term actions such as working with suppliers to broaden our flexible intermediate bulk containers (FIBC) re-use program, incorporate alternative fuel trucking, and utilize pallet leasing programs rather than single-use purchases. We have also broadened our network to engage with suppliers that offer carbon offsets and work most effectively on driving sustainable solutions.