Cabot Corp

Our Board of Directors oversees the execution of our strategy and is responsible for risk oversight. This includes oversight of business continuity risks, including climate-related risks and risks related to an evolving regulatory environment that may have an impact on our business, strategy, or operations. As of the end of calendar year 2023, our Board consisted of 12 members with broad expertise and diverse backgrounds. We have a separate Chair of the Board and CEO, and each of the following Committees is composed of independent directors: Audit Committee; Compensation Committee; Governance and Nominating Committee; and Safety, Health, Environment and Sustainability (SHE&S) Committee. [...] Supporting our risk management practices is our ESG Steering Committee, composed of members of our Management Executive Committee and chaired by our CEO. Subcommittees that report to the ESG Steering Committee have specific responsibilities related to ESG matters, including sustainability reporting in each area. In 2023, key activities of the ESG Steering Committee included the expansion of Our Safety, Health, Environment & Sustainability Commitment and updating our Human Rights Policy to further align with international principles, elaborate on due diligence processes, and expand applicability of the Human Rights Policy to include business relationships. Both of these policy statements were approved by the Board.

Cabot engages with governments either directly or through industry organizations to ensure there is an understanding of our businesses and that we more fully understand the impact of emerging regulations including those that may impact our overall climate strategy. 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. Centralized oversight is necessary to ensure general consistency with the Company's climate policies and strategies, corporate emissions inventory reporting, setting of benchmarks and allocations, and determining where investments in technology solutions should be implemented to reduce climate change impacts. Cabot also has a Director of Sustainability and a Director of Environment at the corporate level that report to the CSO/SVP of SH&E who are 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. At the corporate level, Cabot engages with external organizations 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) which provides wide coverage of the geographic regions where Cabot operates. Additionally, the Company seeks leadership roles in many of our trade groups including specific technical environmental and climate committees.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Cabot engages with governments either directly or through industry organizations to ensure there is an understanding of our businesses and that we more fully understand the impact of emerging regulations including those that may impact our overall climate strategy. 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. Centralized oversight is necessary to ensure general consistency with the Company's climate policies and strategies, corporate emissions inventory reporting, setting of benchmarks and allocations, and determining where investments in technology solutions should be implemented to reduce climate change impacts. Cabot has also created Director of Sustainability and Director Environment positions at the corporate level that report to the CSO/SVP of SH&E who are 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 the CSO/SVP of SH&E and the Management Executive Team.

At the corporate level, Cabot engages with 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) which provides wide coverage of the geographic regions where Cabot operates. Additionally, the Company seeks leadership roles in many of our trade groups including specific technical environmental and climate committees.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes