Canopy Growth Sustainability Profile
Canopy Growth Corporation, commonly referred to as Canopy Growth, is a leading player in the cannabis industry, headquartered in Smiths Falls, Ontario, Canada. Founded in 2013, the company has rapidly evolved, establishing a strong presence across North America and Europe. Canopy Growth is renowned for its diverse portfolio of cannabis products, including dried flower, oils, and edibles, which are distinguished by their quality and innovation. With a commitment to research and development, Canopy Growth has achieved significant milestones, including partnerships with major retailers and advancements in product formulation. As a pioneer in the legal cannabis market, the company holds a prominent market position, recognised for its robust brand offerings such as Tweed and Spectrum Therapeutics. Through its dedication to excellence and sustainability, Canopy Growth continues to shape the future of the cannabis 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 Pharmaceutical Preparation Manufacturing 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 30 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Canopy Growth's reported carbon emissions
In 2020, Canopy Growth, headquartered in Canada, reported total carbon emissions of approximately 46,534,000 kg CO2e from Scope 1 and Scope 2 sources combined. This figure includes about 36,548,000 kg CO2e from Scope 1 emissions, which primarily stem from stationary combustion and fugitive emissions, and approximately 22,336,000 kg CO2e from Scope 2 emissions, mainly from purchased electricity and heat. Despite the significant emissions, Canopy Growth has not disclosed any specific reduction targets or initiatives as part of their climate commitments. There are no emissions data cascaded from a parent or related organization, indicating that the reported figures are solely from Canopy Growth Corporation. The company has not yet addressed Scope 3 emissions in their disclosures. As part of their ongoing efforts, Canopy Growth is expected to enhance their climate strategies in alignment with industry standards, although specific commitments or pledges have not been detailed in the available data.
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| 2020 | |
|---|---|
| Scope 1 | 36,548,000 |
| Scope 2 | 22,434,000 |
| Scope 3 | - |
How Carbon Intensive is Canopy Growth's Industry?
How Carbon Intensive is Canopy Growth's Location?
Canopy Growth's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Canopy Growth has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
