McCormick & Company

Packaged Foods & Meats
MKC
$ 76 1.3
Share price
$ 20 bn
Market Cap
$ 25 bn
Enterprise Value

Carbon footprint

3.9 Ton
GHG emissions per $ 1 mln investment
0.11x the weighted average for S&P 500
FY2021
How is this calculated?
-19%
YOY change in GHG emissions
Stronger than the -0.8% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

+0.8%
Proj. YOY change in GHG emissions (Scope 1 + 2)
FY2022
How is this calculated?

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This target is most likely outdated and the company appears to have already achieved it
This target has not been verified as science based according to SBTi
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 intensity (Tons per 1 USDm)

McCormick & Company's carbon footprint

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 (+489/+19% y-o-y). The growth accelerated relative to the long-term trend (+6.1% CAGR) observed since 4Q'18.

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.

Company environmental metrics

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