Lobbying Governance
Overall Assessment | Analysis | Score |
---|---|---|
Moderate |
Cabot Corp discloses a defined process to keep its policy engagement consistent with its climate strategy, noting that "direct and indirect activities that influence policy on climate change are overseen by the Chief Sustainability Officer (CSO)/Senior Vice President (SVP) of SH&E, who along with other members of the Management Executive Committee, work to ensure consistency across business divisions and geographies, including ensuring that our external engagement activities are consistent with our climate commitments." Oversight is further supported by a "Director of Sustainability and a Director of Environment responsible for providing technical expertise and advice on regulatory engagement and advocacy strategies as well as monitoring regulatory engagement and advocacy activities regionally and locally to provide feedback to the CSO/SVP of SH&E and the Management Executive Team," indicating an internal mechanism for ongoing monitoring. The company confirms a Paris-aligned intent, stating "Yes" to having a public commitment that engagements will be in line with the goals of the Paris Agreement, and it lists the trade associations through which it lobbies, including the International Carbon Black Association (ICBA), the American Chemistry Council (ACC), the European Chemical Industry Council (CEFIC) and the Association of International Chemical Manufacturers (AICM). It states it is aligned with these trade associations climate lobbying and that it "we did not attempt to influence their position." However, the disclosure stops short of describing any formal review of those associations climate positions, corrective engagement, or withdrawal criteria. There is also "no evidence of a published lobbying-alignment audit or report" that evaluates consistency between Cabots climate goals and its direct or indirect advocacy. This indicates a governance structure with clear internal oversight and monitoring roles, yet lacking publicly documented assessment of trade-association alignment and transparent reporting of outcomes.
View Sources
|
C |