Earnings Call Transcript - CBT 2026-11-03

Speaker 0

Climate change is one of the most pressing issues facing our world today. Cabot recognizes the urgent need to address this growing challenge and the essential role our products play in enabling a lower-carbon future. We have long been dedicated to protecting the environment and have taken actions to reduce our environmental footprint. We established our first greenhouse gas reduction goal more than 10 years ago And have since introduced our 2025 Sustainability Goals, which include both emission reduction and energy efficiency goals. We announced our ambition to achieve net zero emissions by 2050, consistent with the Paris Climate Agreement, and will be working to establish interim greenhouse gas emissions options that are aligned with mid- and longer-term pathways for decarbonization. Our path to achieving net zero will not be easy and will require a variety of measures. We are investing to optimize existing technologies to improve energy efficiency, creating new products that have sustainability attributes and can decrease greenhouse gas emissions, maximizing the use of renewable energy in our operations to decrease our use of fossil fuels, focusing on advancing circularity in our operations, and we'll continue to look for ways to adopt new technologies into our global network of plants. The transition to a net-zero world is a shared responsibility that requires collaboration, innovation, and support of public policy, along with ambitious action and leadership by countries, companies, and individuals. As we further strengthen our global environmental commitments, we are eager to collaborate with our various stakeholders to help promote the innovations needed to achieve a net-zero future. In doing so, we will continue to fulfill our purpose of creating materials that improve daily life and enable a more sustainable future.