Canopy Growth
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 27 is lower than 54% 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 58,982,000 kg CO2e. This figure includes Scope 1 emissions of about 36,548,000 kg CO2e, which encompasses stationary combustion and fugitive emissions, and Scope 2 emissions of around 22,434,000 kg CO2e, primarily from purchased electricity. The combined total for Scope 1 and Scope 2 emissions stands at approximately 46,534,000 kg CO2e. Despite the significant emissions reported, there are currently no specific reduction targets or initiatives disclosed by Canopy Growth. The company has not committed to any science-based targets or climate pledges, indicating a potential area for future improvement in their climate strategy. As the cannabis industry continues to evolve, addressing carbon emissions will be crucial for sustainability and compliance with emerging environmental standards.
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| 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 participating in any of the initiatives that 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.
