McCormick & Company
Primary Climate Goal
McCormick & Company's target annual Scope 1 + 2 emissions for 2025 should be equal to 100 Kt = 20% * 125 Kt, according to the company's stated climate goal.
In order to achieve this goal, McCormick & Company would need to reduce its emissions at least by 0.77 Kt per annum over the period from 2022 to 2025:
0.77 Kt = ( 100 Kt - 97 Kt ) / (2025 - 2021)
This translates into a +0.8% increase in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
McCormick & Company aims to reduce Scope 1 + 2 by 20% by 2025 from a base year 2015
This target is most likely outdated and the company appears to have already achieved it
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
McCormick & Company reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 97 Kt (-23 /-19% y-o-y). Also positively, carbon intensity plummeted to 15 t (-6 /-28.2% y-o-y).
McCormick & Company's Scope 3 emissions soared to 3,122 Kt (
The company is committed to reducing Scope 1 + 2 by 20% by 2025 from a base year 2015, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
McCormick & Company also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. American food Company McCormick & Company commits to reduce absolute scope 1 and 2 GHG emissions 42% by FY2030 from a FY2020 base year. McCormick & Company also commits to reduce absolute scope 3 GHG emissions from purchased goods and services 42% within the same timeframe.