McCormick & Company

Packaged Foods & Meats
MKC
$ 88 0.08
Share price
$ 24 bn
Market Cap
$ 27 bn
Enterprise Value

Carbon footprint

4.3 Ton
GHG emissions per $ 1 mln investment
0.15x the weighted average for S&P 500
FY2020
How is this calculated?
-4.8%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-3.3%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

McCormick & Company aims to reduce Scope 1 + 2 by 20% by 2025 from a base year 2015


2°C
McCormick & Company's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

McCormick & Company's GHG emissions (market-based) (Kt of CO2e)

McCormick & Company's carbon footprint

McCormick & Company reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 119 Kt (-6 /-4.8% y-o-y).

McCormick & Company's Scope 3 emissions increased to 2,633 Kt (+45/+1.7% y-o-y). The growth has slowed compared to the trend since 4Q'18 (CAGR +2.2%).

The company is committed to reducing Scope 1 + 2 by 20% by 2025 from a base year 2015, which translates into the estimated reduction of -3.9 Kt per annum over the period of FY2021 - FY2025. This science-based target is aligned with Paris Agreement to limit global warming to 2°C above pre-industrial levels.

Company environmental metrics

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