Cabot Corporation Joins U.S. Department Of Energy's Better Plants Program
Portfolio Pulse from Benzinga Newsdesk
Cabot Corporation (NYSE:CBT) has joined the U.S. Department of Energy's (DOE's) Better Plants program, a voluntary partnership aimed at improving energy efficiency across the U.S. industrial sector. Cabot expects the partnership to help advance its energy efficiency performance and support its goal of achieving net zero emissions by 2050. All of Cabot's U.S.-based manufacturing sites are part of the program. The company has recently exceeded its 2025 global sustainability goal of exporting 200% of the energy it imports.
August 09, 2023 | 1:16 pm
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POSITIVE IMPACT
Cabot's partnership with the DOE's Better Plants program is expected to enhance its energy efficiency performance and support its sustainability goals. This could potentially improve the company's operational efficiency and reduce costs in the long run.
The partnership with the DOE's Better Plants program is directly related to Cabot's operations and sustainability goals. Improved energy efficiency could lead to cost savings and enhanced operational efficiency, which could positively impact the company's financial performance. The commitment to sustainability could also enhance Cabot's reputation and appeal to environmentally conscious investors.
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