McCormick & Company Inc

Common Name
McCormick & Company
Country
United States
Sector
Consumer Defensive
Industry
Packaged Foods
Employees
14,100
Ticker
MKC
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
McCormick & Company, Incorporated is a global leader in the food processing industry, primarily specializing in the manufacture, marketing, and distribution of spices, seasoning mixes, condiments, and...

McCormick & Company Energy Data Preview

In 2023, McCormick & Company disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

McCormick & Company also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.

Additionally, McCormick & Company also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, McCormick & Company also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate McCormick & Company's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2023202220212020 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Electricity Consumed
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Verified Sources Behind McCormick & Company’s Energy Management Data

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a. McCormick & Company's GRI Report 2023
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Insights into McCormick & Company's Energy Renewability

In 2023, McCormick & Company consumed a total of 1.55 million Gigajoules of energy across its operations. Of this total, 0.94% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 99.06% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power. a

McCormick & Company's Energy Renewability Rate

1%

How much of McCormick & Company's energy consumed is renewable?

In 2023, McCormick & Company consumed a total of 1.55 million Gigajoules of energy, of which 0.94% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power. a

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that McCormick & Company has considerable room to improve its energy sustainability strategy.

Are McCormick & Company's energy practices becoming more sustainable?

Since 2021, McCormick & Company's total energy consumption decreased by 3.34%, including a further 3.86% drop in 2023, highlighting a continued decline in energy use. a

Over the same period, the share of renewable energy decreased by 72.67%, with a further 79.32% drop in 2023, highlighting a weakening in renewable energy performance. a

Overall, McCormick & Company’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.

McCormick & Company's Renewable vs Non-renewable Energy Over Time

1.7 M803.08 k96.92 k1.7 MGigajoules (GJ)20212022202397%95%99%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into McCormick & Company's Energy Consumption & Production Mix

In 2023, McCormick & Company disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the McCormick & Company's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies. a

McCormick & Company's Energy Consumed by Sources and Technologies

Electricity(Unspecified Source)(51.3%)Natural Gas(46.0%)

What are the main sources and generation technologies behind McCormick & Company's energy consumption?

In 2023, McCormick & Company's total energy consumption was primarily sourced from a

  • Electricity (Unspecified Source) (51.31%)
  • Natural Gas (46.02%)
  • Steam (Unspecified Source) (1.43%)

How diverse is McCormick & Company’s energy consumption mix?

In 2023, McCormick & Company consumed energy from 4 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source. a

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