The Metals Company Sustainability Profile
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 16 is lower than 59% 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 reported total carbon emissions of approximately 85,753,000 kg CO2e, comprising 2,287,000 kg CO2e from Scope 1 emissions and about 83,466,000 kg CO2e from Scope 2 emissions. The Scope 1 emissions primarily stemmed from stationary combustion activities. In 2023, the company recorded total emissions of around 76,748,000 kg CO2e, with Scope 1 emissions at 1,870,000 kg CO2e and Scope 2 emissions at approximately 74,878,000 kg CO2e. This indicates a significant increase in emissions from 2023 to 2024. The Metals Company has set ambitious climate commitments, aiming to reduce its Scope 1 emissions by 50% from 2020 levels by 2030. Additionally, the company is targeting a 20% reduction in GHG emissions intensity for both Scope 1 and Scope 2 by 2030, compared to 2020 levels. These commitments reflect the company's proactive approach to addressing climate change and reducing its carbon footprint. The organization is headquartered in California and has not disclosed any Scope 3 emissions data. The emissions data is not cascaded from any parent company, indicating that these figures are independently reported by The Metals Company.
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| 2020 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 24,500 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is The Metals Company's Industry?
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The Metals Company'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.
The Metals Company 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.
