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's GHG Emissions Data Preview

In 2023, McCormick & Company completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

However, McCormick & Company has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind McCormick & Company’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore McCormick & Company’s data sources below and access millions more through our Disclosure Search.

a. McCormick & Company's ESG Data Spreadsheet 2023
a. McCormick & Company's ESG Data Spreadsheet 2023
b. McCormick & Company's CDP Climate sourced from company’s website 2023
b. McCormick & Company's CDP Climate sourced from company’s website 2023
c. McCormick & Company's CDP Climate sourced from company’s website 2020
c. McCormick & Company's CDP Climate sourced from company’s website 2020

Insights into McCormick & Company's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of McCormick & Company amounted to 75,628 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of McCormick & Company decreased by 2.31%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

McCormick & Company's Scope 1 Emissions Over Time

2019202020212022202309.5 k19 k28.5 k38 ktCO2e-2%+19%-3%-7%
  • Total Scope 1
  • Year-over-Year Change

What are McCormick & Company's Scope 1 emissions?

In 2023, the total Scope 1 emissions of McCormick & Company were 34,432 metric tons of CO₂ equivalent (tCO₂e). a

Has McCormick & Company reduced its Scope 1 emissions over time?

Since 2019, McCormick & Company's Scope 1 emissions have increased by 5.78%, reflecting a rising long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2022), McCormick & Company's Scope 1 emissions decreased by 6.76%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are McCormick & Company's Scope 2 emissions?

In 2023, McCormick & Company reported Scope 2 greenhouse gas (GHG) emissions of 41,577 tCO₂e using the market-based method and 41,196 tCO₂e using the location-based method. a

Has McCormick & Company reduced its Scope 2 emissions over time?

Since 2019, McCormick & Company's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 51.01%, reflecting a declining long-term trend in Scope 2 emissions over time. a c

Compared to the previous year (2022), McCormick & Company's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that McCormick & Company 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does McCormick & Company use for Scope 2 reporting?

In 2023, McCormick & Company reported its Scope 2 emissions using the market-based method and using the location-based method. a

McCormick & Company's Scope 2 Emissions Over Time

20192020202120222023025 k50 k75 k100 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into McCormick & Company's Value Chain Emissions

In 2023, McCormick & Company reported 3,040,545 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of McCormick & Company includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 10 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a

McCormick & Company's Scope 3 Emissions Over Time

201920202021202220230800 k1.6 M2.4 M3.2 MtCO2e+2%+18%-10%+8%
  • Total Scope 3
  • Year-over-Year Change

What are McCormick & Company's Scope 3 emissions?

In 2023, McCormick & Company reported total Scope 3 emissions of 3,040,545 metric tons of CO₂ equivalent (tCO₂e). a

Has McCormick & Company reduced its Scope 3 emissions over time?

Since 2019, McCormick & Company's Scope 3 emissions have increased by 17.5%, reflecting a rising long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2022), McCormick & Company's Scope 3 emissions remained relatively stable, indicating that McCormick & Company 's emissions have plateaued with no significant change in its value chain footprint. a

Insights into McCormick & Company’s GHG Emissions Intensity Compared to Industry Peers

In 2023, McCormick & Company reported Scope 1 greenhouse gas (GHG) emissions of 34,432 tCO₂e and total revenues of USD 6,662 millions. This translates into an emissions intensity of 5.17 tCO₂e per millions USD. a

McCormick & Company's Scope 1 Emissions Intensity Compared to Peers

1020010,000200,00010,000,000Scope 1 Emissions (tCO2e)1005002,00010,00050,000Revenues (Millions of USD)KKSpectrum Brands HoldingsYear: 2023Scope 1: 24,624 tCO2eRevenue: $M 2,919Scope 1 Intensity: 8.44 tCO2e/$MKKKellanovaYear: 2024Scope 1: 347,232 tCO2eRevenue: $M 12,749Scope 1 Intensity: 27.24 tCO2e/$MWeis MarketsYear: 2023Scope 1: 116,710 tCO2eRevenue: $M 4,697Scope 1 Intensity: 24.85 tCO2e/$MCotyYear: 2023Scope 1: 8,037 tCO2eRevenue: $M 5,554Scope 1 Intensity: 1.45 tCO2e/$MKKKraft HeinzYear: 2023Scope 1: 455,972 tCO2eRevenue: $M 26,640Scope 1 Intensity: 17.12 tCO2e/$MCampbell'sYear: 2024Scope 1: 465,711 tCO2eRevenue: $M 9,636Scope 1 Intensity: 48.33 tCO2e/$MPost HoldingsYear: 2024Scope 1: 315,513 tCO2eRevenue: $M 7,923Scope 1 Intensity: 39.82 tCO2e/$MBrown-FormanYear: 2021Scope 1: 100,594 tCO2eRevenue: $M 3,461Scope 1 Intensity: 29.07 tCO2e/$MFlowers FoodsYear: 2023Scope 1: 158,322 tCO2eRevenue: $M 5,091Scope 1 Intensity: 31.10 tCO2e/$MPriceSmartYear: 2023Scope 1: 70,795 tCO2eRevenue: $M 4,412Scope 1 Intensity: 16.05 tCO2e/$MCloroxYear: 2023Scope 1: 65,504 tCO2eRevenue: $M 7,389Scope 1 Intensity: 8.87 tCO2e/$MFarmer BrosYear: 2022Scope 1: 19 tCO2eRevenue: $M 315Scope 1 Intensity: 0.06 tCO2e/$MDarling IngredientsYear: 2024Scope 1: 1,936,042 tCO2eRevenue: $M 5,715Scope 1 Intensity: 338.75 tCO2e/$MBellring BrandsYear: 2023Scope 1: 228 tCO2eRevenue: $M 1,667Scope 1 Intensity: 0.14 tCO2e/$MSmithfield FoodsYear: 2023Scope 1: 237,565 tCO2eRevenue: $M 14,640Scope 1 Intensity: 16.23 tCO2e/$MHormel FoodsYear: 2023Scope 1: 625,338 tCO2eRevenue: $M 12,110Scope 1 Intensity: 51.64 tCO2e/$MJ&J Snack FoodsYear: 2024Scope 1: 21,562 tCO2eRevenue: $M 1,575Scope 1 Intensity: 13.69 tCO2e/$MTreeHouse FoodsYear: 2023Scope 1: 125,035 tCO2eRevenue: $M 3,432Scope 1 Intensity: 36.44 tCO2e/$MGeneral MillsYear: 2024Scope 1: 307,700 tCO2eRevenue: $M 19,857Scope 1 Intensity: 15.50 tCO2e/$MConagra BrandsYear: 2023Scope 1: 392,471 tCO2eRevenue: $M 12,277Scope 1 Intensity: 31.97 tCO2e/$MJ M SmuckerYear: 2022Scope 1: 197,694 tCO2eRevenue: $M 7,999Scope 1 Intensity: 24.72 tCO2e/$MIngredionYear: 2024Scope 1: 1,825,070 tCO2eRevenue: $M 7,430Scope 1 Intensity: 245.64 tCO2e/$MLamb Weston HoldingsYear: 2023Scope 1: 722,902 tCO2eRevenue: $M 5,351Scope 1 Intensity: 135.11 tCO2e/$MMcCormick & CompanyYear: 2023Scope 1: 34,432 tCO2eRevenue: $M 6,662Scope 1 Intensity: 5.17 tCO2e/$M

How does McCormick & Company's GHG emissions intensity compare to its peers?

In 2023, McCormick & Company reported a Scope 1 emissions intensity of 5.17 tCO₂e per millions USD. Compared to the peer group median of 24.85 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does McCormick & Company rank on GHG emissions intensity within its industry?

In 2023, McCormick & Company ranked 4 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places McCormick & Company among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into McCormick & Company's Total Carbon Footprint

In 2023, McCormick & Company reported a total carbon footprint of 3,116,173 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.1% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to McCormick & Company's total carbon footprint was Scope 3 emissions, accounting for 97.57% of the company's total carbon footprint, followed by Scope 2 emissions at 1.32%. a

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