Cresco Labs Inc. Sustainability Profile
Cresco Labs Inc., a leading player in the cannabis industry, is headquartered in the United States and operates across several key regions, including Illinois, Pennsylvania, and California. Founded in 2013, the company has rapidly established itself as a pioneer in the cultivation, manufacturing, and distribution of cannabis products, focusing on both medical and recreational markets. Cresco Labs is renowned for its diverse portfolio of high-quality cannabis brands, including Cresco, Reserve, and Mindy's Edibles, which are distinguished by their commitment to innovation and consumer experience. The company has achieved significant milestones, such as being one of the first to offer a comprehensive suite of products that cater to various consumer preferences. With a strong market position and a dedication to sustainability, Cresco Labs continues to set benchmarks in the evolving cannabis landscape.
DitchCarbon Score
How does Cresco Labs Inc.'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
Cresco Labs Inc.'s score of 28 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cresco Labs Inc.'s reported carbon emissions
Cresco Labs Inc., headquartered in the US, has set ambitious climate commitments aimed at reducing its carbon footprint. Although specific emissions data for the most recent year is not available, the company has established significant reduction targets through the Science Based Targets initiative (SBTi). Cresco Labs aims to achieve a 42% reduction in absolute greenhouse gas emissions for both Scope 1 and Scope 2 by 2030, using 2021 as the baseline year. This target aligns with the necessary reductions to limit global warming to 1.5°C, demonstrating the company's commitment to climate action. Additionally, Cresco Labs is focused on measuring and reducing its Scope 3 emissions, which encompass indirect emissions from its value chain. These targets reflect Cresco Labs' proactive approach to sustainability and its dedication to mitigating climate change impacts within the cannabis industry.
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Cresco Labs Inc.'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.
Cresco Labs Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
