McCormick & Company's 2050 Net-Zero Target Validated by Science Based Targets Initiative
Verification Reinforces McCormick's Commitment to Achieving a Sustainable Future Through Energy Efficiency, Sustainable Agriculture, and Value
"We are proud to have SBTi approve our 2050 net-zero target, but we also realize this is only the first step in a long journey. We have always operated with the mindset that creating a sustainable future is paramount to our continuing work to deliver industry-leading financial performance while doing what's right for people, communities, and the planet we share," said
In 2022, the Company also had its near-term emission reduction targets approved by SBTi, a 42% absolute reduction across Scopes 1, 2, and 3 by 2030. To address Scope 3 emissions, which make up the largest proportion of the Company's carbon footprint, McCormick is a cofounding member of the Supplier Leadership on Climate Transition (S-LOCT), a collaboration of more than 20 brands to support suppliers in reducing emissions.
McCormick will deliver across the following areas to achieve full decarbonization:
- Driving energy efficiencies through investment in green buildings, upgrading to high-efficiency equipment and electrifying operations, among others.
- Transitioning to renewable energy in our global operations.
- Reducing greenhouse gas emissions from waste through waste recovery and recycling.
- Strengthening value chain engagement through industry-wide collaborations to support suppliers and customers in reducing their emissions.
- Implementing regenerative agriculture initiatives which train smallholder farmers on soil health and climate-smart agriculture techniques.
- Reducing our carbon footprint from packaging by supporting a circular plastics economy and reducing our use of virgin plastic.
- Utilizing nature-based solutions for the small percentage of emissions which we are unable to eliminate, in line with SBTi guidelines.
While McCormick has set an ambitious net-zero agenda, the Company continues to actively explore partnerships within its supply chain to scale solutions and has called upon other organizations to join them.
"Because over 95% of McCormick's carbon footprint is from Scope 3 emissions, we realize that collaborating across the industry to share best practices and inviting other partners to join in on the journey to net-zero will help us achieve much more than we ever could alone," said Okoroafor. "If we accomplish our goals alone, we've failed, because this journey isn't just about us – it's about the global community. Through upstream value chain initiatives and purposeful engagement, we are working with our partners to support the industry's decarbonization."
To learn more about our science-based net-zero target, please visit the Net-Zero section of our Corporate website.
About McCormick
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