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, stands as a leading entity in the global food and beverage sector, primarily engaged in the manufacture, marketing, and distribution of spices, seasoning mixes, cond...

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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

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).

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.

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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

What are McCormick & Company's Scope 2 emissions?

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

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.

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.

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.

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 COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

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.

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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

Insights into McCormick & Company's Total Carbon Footprint

In 2023, McCormick & Company reported a total carbon footprint of 3,116,173 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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.

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%.

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