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 58% 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 85.8 million kg CO2e. This figure includes Scope 1 emissions of about 2.3 million kg CO2e and Scope 2 emissions of approximately 83.5 million kg CO2e. The company has demonstrated a commitment to reducing its greenhouse gas emissions, with interim targets set to decrease GHG emissions intensity by 20% by 2030 compared to 2020 levels for both Scope 1 and Scope 2 emissions. In 2023, TMC's emissions were approximately 76.7 million kg CO2e, with Scope 1 emissions at about 1.9 million kg CO2e and Scope 2 emissions at approximately 74.9 million kg CO2e. The company has also pledged to reduce its Scope 1 emissions by 50% from 2020 levels by 2030 and aims to bring Scope 1 and Scope 2 emissions to near zero by the middle of this decade. TMC's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. The company is actively working towards its climate commitments, aligning with industry standards for emissions reduction and sustainability.
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| 2020 | 2021 | 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.
