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 9 is lower than 72% 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 2022, The Metals Company reported total carbon emissions of approximately 34,823,000 kg CO2e. This figure represents a significant increase from 2021, when emissions were about 12,378,000 kg CO2e. The company has not disclosed specific data for Scope 1, 2, or 3 emissions, but it has set ambitious climate commitments aimed at reducing its carbon footprint. The Metals Company is committed to achieving near-zero emissions for both Scope 1 and Scope 2 by 2025. Additionally, it aims to reduce its Scope 1 emissions by 50% from 2020 levels by 2030, which would involve a reduction from the 2020 emissions figure of approximately 38,474,000 kg CO2e. Similarly, the company plans to cut its Scope 2 emissions by 50% from the same baseline year. These commitments reflect The Metals Company's proactive approach to addressing climate change and align with industry standards for sustainability. The company has not inherited emissions data from any parent organisation, indicating that its reported figures are solely its own.
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.
