The Metals Company
The Metals Company, often referred to as TMC, is a pioneering entity in the deep-sea mining industry, headquartered in California. Founded in 2021, TMC focuses on the sustainable extraction of polymetallic nodules from the ocean floor, primarily in the Clarion-Clipperton Zone of the Pacific Ocean. With a commitment to environmental stewardship, TMC's innovative approach combines advanced technology and responsible practices, setting it apart in the market. The company aims to supply critical metals essential for the transition to a low-carbon economy, including nickel, copper, and cobalt. Recognised for its leadership in the sector, The Metals Company is positioned to play a significant role in meeting the growing demand for these resources while minimising ecological impact.
DitchCarbon Score
How does The Metals Company'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 Gas/Diesel Oil 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
The Metals Company's score of 13 is lower than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Metals Company's reported carbon emissions
In 2024, The Metals Company (TMC), headquartered in California, reported total carbon emissions of approximately 85,753,000 kg CO2e, comprising 2,287,000 kg CO2e from Scope 1 and 83,466,000 kg CO2e from Scope 2 emissions. This marks an increase from 2023, where emissions were about 76,748,000 kg CO2e, with Scope 1 emissions at 1,870,000 kg CO2e and Scope 2 emissions at 74,878,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce its Scope 1 emissions by 50% from 2020 levels by 2030 and to achieve near-zero emissions for both Scope 1 and Scope 2 by the mid-2020s. Additionally, TMC is committed to reducing its GHG emissions intensity by 20% by 2030 compared to 2020 levels. These targets reflect TMC's proactive approach to addressing climate change and its commitment to sustainability within the metals industry.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 1,684,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 63,702,000 | 00,000,000 | 00,000,000 |
| 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.
The Metals Company 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.
