Cancarb Earns Highest Sustainability Rating from EcoVadis
June 12, 2021
Cancarb Limited has been awarded a platinum sustainability rating from EcoVadis, a global provider of scorecards for corporate and environmental sustainability. Cancarb’s new rating indicates that the company is in the top 1% of its industry for the sustainable production of carbon black, which is added to thermoplastics and can contribute color, opacity, electrical resistivity, and protection from ultra-violet degradation.
From Gold to Platinum
Prior to earning a platinum score, Cancarb held a gold rating from EcoVadis, which provides detailed insights into environmental, social, and ethical risks across 198 purchasing categories and 155 countries. Today there are more than 60,000 businesses in the EcoVadis network that all work with a single methodology to evaluate, collaborate, and improve sustainability performance. Cancarb’s demonstrated leadership in corporate and environmental sustainability is a recent success for the Canadian company.
Reducing Greenhouse Gases and Particulate Matter
In February 2021, Cancarb announced the successful commissioning of its sixth unit at its thermal carbon black production facility in Medicine Hat, Alberta, Canada. This facility allows the company to generate electricity from previously exhausted energy, avoiding the emission of about 90,000 metric tons per year of greenhouse gases, and virtually eliminating the release of particulate matter into the atmosphere.