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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0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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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
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b. McCormick & Company's CDP Climate sourced from company’s website 2023
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c. McCormick & Company's CDP Climate sourced from company’s website 2020
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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 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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