McCormick & Company, Incorporated

McCormick & Company, Incorporated: Carbon Emissions & Climate Commitments

McCormick & Company, Incorporated, a US-headquartered company in the Chemicals nec industry, is actively addressing its carbon footprint and has set ambitious climate targets.

Latest Emissions Data:

In 2024, McCormick & Company reported total Scope 1 emissions of approximately 38,855,000 kg CO2e. Scope 2 emissions (market-based) were around 40,691,000 kg CO2e, while location-based Scope 2 emissions stood at approximately 94,185,000 kg CO2e. The company's most significant emissions come from Scope 3, totalling roughly 3,962,569,000 kg CO2e. Key contributors to Scope 3 emissions include purchased goods and services (approximately 3,205,833,000 kg CO2e), upstream transportation and distribution (around 339,234,000 kg CO2e), and processing of sold products (approximately 161,659,000 kg CO2e).

Looking back, in 2022, McCormick & Company's Scope 1 emissions were approximately 36,927,000 kg CO2e, with market-based Scope 2 emissions at around 41,497,000 kg CO2e and location-based Scope 2 emissions at approximately 40,487,000 kg CO2e. Total Scope 3 emissions for 2022 were about 2,805,360,000 kg CO2e.

Science Based Targets Initiative (SBTi) Commitments:

McCormick & Company has committed to several Science Based Targets, aligning with a 1.5°C warming trajectory:

• Near-Term Targets (by FY2030 from a FY2020 base year):

  • Reduce absolute Scope 1 and 2 GHG emissions by 42%.
  • Reduce absolute Scope 3 GHG emissions from purchased goods and services by 42%.

• Long-Term Net-Zero Targets (by FY2050 from a FY2020 base year):

  • Reduce absolute Scope 1 and 2 GHG emissions by 90%.
  • Reduce absolute Scope 3 GHG emissions from purchased goods and services, capital goods, fuel and energy related activities, upstream transportation and distribution, waste generated in operations, business travel, and employee commuting by 90%.
  • McCormick & Company is committed to reaching net-zero greenhouse gas emissions across the entire value chain by FY2050.

These targets have been verified by the Science Based Targets initiative (SBTi).