The Metals Company, often referred to as TMC, is a prominent player in the gas and diesel oil industry, headquartered in California. Founded in 2021, TMC has quickly established itself as a leader in the extraction and processing of critical metals essential for energy transition and sustainable technologies. With major operational regions spanning North America and beyond, the company focuses on deep-sea mining and the recovery of polymetallic nodules, which are rich in nickel, copper, and cobalt.
What sets The Metals Company apart is its commitment to environmentally responsible practices, ensuring minimal ecological impact while meeting the growing demand for essential metals. TMC's innovative approach and strategic partnerships have positioned it as a key contributor to the global energy landscape, making significant strides towards a sustainable future.
-2 vs industry average
The Metals Company’s score of 17 is lower than 37% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil has above-average carbon intensity
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 41% since 2019
Emissions trajectory 2020 – 2022
Reported emissions
Scope 3 accounts for ••• of total emissions.
The Metals Company's reported carbon emissions
The Metals Company (TMC), headquartered in CA and operating within the Gas/Diesel Oil industry, has reported significant carbon emissions and outlined ambitious climate commitments. For 2022, TMC reported total global emissions of approximately 34,823,000 kg CO2e. This figure represents a notable increase from the approximately 12,378,000 kg CO2e reported in 2021. In 2020, total emissions stood at approximately 38,474,000 kg CO2e, comprising 24,500 kg CO2e of Scope 1 emissions and 0 kg CO2e of Scope 2 emissions. Data for 2019, 2018, 2017, 2015, 2013, and 2012 does not contain specific total emissions figures. TMC has established clear targets to mitigate its environmental impact. The company is committed to reducing its Scope 1 emissions by 50% from 2020 levels by 2030. Furthermore, TMC aims to reduce its Scope 1 emissions to near zero by the middle of this decade. Concurrently, the company is committed to reducing its Scope 2 emissions by 50% from 2020 levels by 2030 and also aims for Scope 2 emissions to be near zero by the middle of this decade. These targets are derived from documents published by the company.
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The Metals Company’s Climate Goals (2030 & 2050)
4 goals2030
50% reduction in Scope 1
We are committed to reducing our Scope 1 emissions by 50% from 2020 levels by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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The Metals Company
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