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 3 is lower than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
The Metals Company's reported carbon emissions
The Metals Company, headquartered in California, reported significant carbon emissions in recent years, with a total of approximately 34,823,000 kg CO2e in 2022. This marked an increase from about 12,378,000 kg CO2e in 2021 and approximately 10,907,000 kg CO2e in 2020. The emissions data indicates a trend of rising emissions, with no specific reduction targets or initiatives disclosed in their reports. The company has not specified its emissions across the three scopes (Scope 1, 2, or 3), and there are no documented reduction targets or commitments to align with the Science Based Targets initiative (SBTi). This lack of formal climate pledges suggests that The Metals Company may need to enhance its climate strategy to address its carbon footprint effectively and contribute to global climate goals.
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 committed to any reduction initiatives 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.
