Canopy Growth
Canopy Growth Corporation, commonly referred to as Canopy Growth, is a leading player in the cannabis industry, headquartered in Canada. Founded in 2013, the company has rapidly expanded its operations across North America and Europe, establishing a strong presence in both medical and recreational cannabis markets. Canopy Growth is renowned for its diverse portfolio of products, including premium dried flower, oils, and innovative cannabis-infused beverages. The company distinguishes itself through its commitment to quality and sustainability, leveraging advanced cultivation techniques and rigorous testing standards. With a market position bolstered by strategic partnerships and significant investments, Canopy Growth has achieved notable milestones, including being one of the first cannabis companies to be publicly traded on the Toronto Stock Exchange. As a pioneer in the evolving cannabis landscape, Canopy Growth continues to shape the future of the industry.
DitchCarbon Score
How does Canopy Growth's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Tobacco Products industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Canopy Growth's score of 5 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Canopy Growth's reported carbon emissions
In 2020, Canopy Growth, headquartered in Canada, reported total carbon emissions of approximately 58,982,000 kg CO2e. This figure includes Scope 1 emissions of about 36,548,000 kg CO2e, which comprise stationary combustion and fugitive emissions, and Scope 2 emissions of approximately 22,434,000 kg CO2e, primarily from purchased electricity. The combined total for Scope 1 and Scope 2 emissions stands at around 46,534,000 kg CO2e. Despite the significant emissions reported, Canopy Growth has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of formal climate commitments or science-based targets suggests that the company may still be in the early stages of developing a comprehensive climate strategy. As the cannabis industry continues to evolve, it is crucial for companies like Canopy Growth to establish clear climate commitments to align with global sustainability goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | |
|---|---|
| Scope 1 | 36,548,000 |
| Scope 2 | 22,434,000 |
| Scope 3 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Canopy Growth is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
