In 2026, Cabot Corporation reported improved environmental performance in its latest disclosure to CDP, reinforcing a multi-year trend of progress across climate and water stewardship.

The company received an A- rating for Water Security and a B rating for Climate Change in CDP’s 2025 assessment. The Water Security score marks an improvement from a B in 2024, exceeding both global and industry averages, while the Climate Change rating was maintained year on year, alongside improvements in subcategories such as climate risk disclosure, value chain engagement and industry collaboration.

CDP evaluated more than 24,800 companies globally in 2025, covering roughly two-thirds of global market capitalisation, using a scoring scale ranging from D (Disclosure) to A (Leadership).

Cabot positions the results as validation of a long-term sustainability strategy anchored in transparency, operational discipline and continuous improvement. As Jaimee Farrin, Senior Director, Global Sustainability at Cabot Corporation, explains: “Through our commitment to operate responsibly, conserve resources and develop innovative performance materials, we will be relentless in our pursuit of solving sustainability challenges and achieving our net zero ambition.”

Transparent reporting remains a central pillar of this approach. Farrin notes that CDP is one of the environmental and governance disclosure platforms Cabot prioritises, both for reporting and for evaluating performance. She adds, “As part of our ongoing efforts, we are dedicated to transparent reporting, including our climate actions, opportunities and progress.”

CLIMATE CHANGE

On climate change, Cabot has set a 2030 goal to reduce Scope 1 and 2 greenhouse gas emissions intensity by 15 percent through process innovation. To progress towards this target, the company is pursuing a comprehensive strategy encompassing renewable energy transition over time, efficiency improvements, investment in breakthrough decarbonisation technologies and the use of alternative feedstocks and advanced energy recovery solutions.

One of the company’s most prominent climate-related innovations is its regenerated carbon technology, developed under the EVOLVE Sustainable Solutions platform. Farrin highlights the role this technology plays in advancing circularity in the tyre industry. She says, “Cabot’s regenerated carbon technology is one of the innovative strategies the company is leveraging to reduce its environmental impact.”

Reclaimed carbon, produced through the pyrolysis of end-of-life tyres, has historically been limited to very low loadings (<10%) in rubber applications due to poor reinforcing properties. Farrin explains that Cabot’s patented regeneration technology addresses this limitation by improving surface characteristics, enabling tyre manufacturers to use higher levels of reclaimed carbon with performance comparable to virgin carbon black.

“Today, we have demonstrated that the technology enables the use of reclaimed carbon content up to 30 percent; however, as we look forward, we are continuously evaluating ways to increase sustainable content while delivering in-rubber performance,” explains Farrin.

Energy efficiency and recovery also form a critical part of Cabot’s climate strategy. The company has implemented energy recovery systems at many facilities worldwide, including 13 reinforcing carbon plants, capturing and reusing heat generated during production to offset electricity and steam typically supplied by the grid and natural gas combustion.

Farrin underlines the strategic significance of these systems, noting, “This opportunity has influenced Cabot’s strategy as we have recently unveiled a new 2030 energy goal – to export 250 percent of the energy Cabot imports, reconfirming the importance of driving even further improvements in the years ahead.”

Beyond direct operations, Cabot continues to strengthen collaboration across its value chain. The company uses Product Carbon Footprints (PCFs) and Life Cycle Assessments (LCAs) to substantiate

sustainability benefit claims and is actively working with the International Carbon Black Association to support the standardisation of PCFs across the industry. In parallel, Cabot is engaging with tyre customers to explore joint approaches to improving product life-cycle impacts.

WATER SECURITY

Water stewardship has emerged as a defining area of progress. All Cabot sites globally are expected to identify and pursue water conservation opportunities aligned with local risk conditions. These measures include reducing water consumption in production processes, reusing and recycling water, harvesting rainwater and sourcing grey water from external providers where feasible.

The company-wide focus on annual water balance and risk assessments, enhanced data collection and targeted investment has delivered measurable results. As Farrin notes, these efforts contributed directly to the improvement in Cabot’s CDP Water Security score from B in 2024 to A- in 2025.

At the operational level, Cabot’s reinforcing carbons facility in Altamira, Mexico, has implemented improvements to the recovery and reuse of treated water and identified opportunities to optimise scrubber water discharge, reducing future water consumption in production.

Looking ahead, Cabot has set a 2030 water goal to reduce freshwater withdrawal intensity by 10 percent at sites located in water-stressed areas. Farrin emphasises the broader implications of this focus. She says, “Focusing on freshwater withdrawal in water-stressed areas is crucial to sustaining ecosystems, minimising business risks from operational disruptions and allowing sustainable development for communities.”

Further water conservation and wastewater recycling projects are currently under evaluation across Cabot’s global network to support this target.

Summarising the company’s progress, Farrin concludes: “We are proud of the progress we have made in advancing our sustainability strategy and remain steadfast to our commitment to responsible environmental stewardship, transparency and continuous improvement.”

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TBC Corporation, one of North America’s largest marketers of automotive replacement tyres through wholesale and franchise operations, has announced the appointment of Bill Schafer as Chief Revenue Officer for TBC Wholesale. This leadership change follows the planned retirement of Rodger Smith, who will remain with the organisation until December 2026 to support a seamless handover.

Since joining TBC in March 2024, Schafer has concentrated on expanding the company’s wholesale operations. He brings three decades of experience from Michelin, where he directed business to business sales, distribution and logistics across North America while managing a team of over 600 people. His background positions him well to drive revenue growth in his new role.

Smith, a 45-year veteran sales executive with diverse industry expertise, has been instrumental at TBC since his arrival in 2020. He led strategic efforts such as strengthening the national sales organisation and launching Supply Chain as a Service. His continued presence through late 2026 ensures that his knowledge and initiatives will carry forward under Schafer’s leadership.

Don Byrd, President and Chief Executive Officer, TBC Corporation, said, “Bill and Rodger previously partnered to lead TBC’s wholesale strategy and reinforce TBC’s mission of being the distributor of choice in the markets we serve. Our focus is clear: TBC will continue to drive value-creating solutions for our customers in the mobility and automotive industry through exceptional service, a diverse product portfolio and innovative solutions.”

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Dow Inc. said its chief executive Jim Fitterling will become executive chair of the board from 1 July , 2026, with chief operating officer Karen S Carter appointed as chief executive.

Carter will also join the board on the same date, while Richard Davis will continue as independent lead director.

The company said the changes follow a multi-year succession planning process and are intended to ensure continuity as it advances its strategy as a materials science group.

“On behalf of the Board, I want to thank Jim for his exceptional leadership and continued contributions to Dow,” Davis said. “Jim has led the company through a period of significant transformation while strengthening Dow's strategy, culture and long-term positioning. We are equally pleased to congratulate Karen on her appointment as CEO. She is a disciplined, highly respected leader with a deep understanding of Dow's businesses and customers. This appointment reflects our confidence in her ability to lead Dow forward into its next chapter of growth and value creation for customers, employees and shareholders.”

Fitterling, who has been chief executive since 2018 and chair since 2020, oversaw the company’s separation from DowDuPont and led its repositioning towards higher-growth, consumer-led markets. He also guided the group through broader macroeconomic and geopolitical challenges, while advancing its sustainability ambitions and corporate culture.

“Serving as CEO of Dow has been the privilege of a lifetime,” Fitterling said. “Together with our employees and leadership team, we have transformed Dow into a stronger, more focused company with the right strategy, capabilities and culture for the future. I look forward to continuing to support Dow as Executive Chair and working closely with Karen to help ensure continuity and strong execution.”

As executive chair, Fitterling will continue to lead the board, focusing on long-term strategy, governance and external relationships.

Carter, who has spent more than three decades at Dow, currently oversees business and operational performance across the company as chief operating officer. She previously led the packaging and specialty plastics division, the group’s largest operating segment, where she focused on capacity expansion, asset upgrades and operational reliability, alongside efforts linked to circular economy initiatives.

“I am deeply honored to assume the role of CEO and lead Dow into our next chapter,” Carter said. “Dow has extraordinary people, world-class assets and leading positions in the markets we serve. Our focus remains unwavering: delivering reliable and innovative solutions for our customers, and long-term value for our employees and our shareholders, while accelerating our transformation to set a new competitive standard for best-in-class performance. I look forward to continuing my partnership with Jim in his new role as Executive Chair, and to working with the Board and all of Team Dow to advance our strategy and deliver on our priorities.”

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Nokian Tyres plc is expanding its partnership with Tata Consultancy Services (TCS) to strengthen IT operations and support ongoing transformation.

The companies will focus their expanded partnership on maintaining and developing IT applications to meet Nokian Tyres’ future needs and to increase the efficiency of its IT operations.

TCS has already handled Nokian Tyres’ service desk support, end-user services like device deliveries, and network and data centre operations. Starting June 1, 2026, TCS will also take over maintenance and development of IT applications, as well as on-site support for internal processes.

This change is part of a larger restructuring of Nokian Tyres’ IT organisation to keep up with changing business needs.

“A more extensive partnership with TCS will enable Nokian Tyres to have a globally unified, agile, and efficient operating model that supports business needs. In addition, it creates a sustainable foundation for the increasing adoption of next-generation technologies such as automation, data-driven solutions and artificial intelligence,” said Timmy McLellan, vice-president, IT and processes, and chief information officer at Nokian Tyres.

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JK Tyre & Industries, one of the leading tyre manufacturers in the country, has appointed Mandar V Deo as President – India, effective immediately.

Based in Delhi, Deo will report to the Chairman and Managing Director, Dr Raghupati Singhania, and the Managing Director, Anshuman Singhania. He joins the tyre manufacturer with more than two decades of experience in senior leadership positions, having previously served at Exide Energy Solutions, Cummins India and Cummins Inc.

He holds a bachelor’s degree in mechanical engineering from Pune University, alongside a Master’s degree and a PhD from Pennsylvania State University. He also holds an MBA from the Kelly School of Business at Indiana University.

Deo’s appointment comes as JK Tyre continues to expand its global footprint, which currently spans 105 countries and includes 11 manufacturing facilities in India and Mexico with an annual production capacity of 35 million tyres.

The company maintains a focus on technical innovation through its Raghupati Singhania Centre of Excellence in Mysore and was the first in India to introduce 'Smart Tyre' technology featuring integrated Tyre Pressure Monitoring Systems (TPMS). Additionally, JK Tyre has committed to the global RE100 initiative, aiming to transition to 100% renewable electricity by 2050.

Dr Raghupati Singhania, Chairman & Managing Director, JK Tyre, said, “I am confident that Mr. Deo will provide strong and adept leadership and steer JK Tyre on a new growth trajectory.”

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