McCormick & Company

Packaged Foods & Meats
MKC
$ 85 0.63
Share price
$ 23 bn
Market Cap
$ 28 bn
Enterprise Value

Carbon footprint

3.5 Ton
GHG emissions per $ 1 mln investment
0.09x the weighted average for S&P 500
FY2021
How is this calculated?
-19%
YOY change in GHG emissions
Weaker than the +4.2% 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This target is most likely outdated and the company appears to have already achieved it
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 2021 at 97 Kt (-23 /-19% y-o-y).

McCormick & Company's Scope 3 emissions soared to 3,122 Kt (+489/+19% y-o-y). This is a higher growth rate than over the period since 4Q'18 (+6.1% CAGR).

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 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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