Today's Date: March 3, 2024
Duncan's First Nation celebrates the opening of a new water treatment plant   •   Robust AI: Transforming Education and Healthcare with AI-Powered Teacher Apps   •   /C O R R E C T I O N -- Lexus/   •   Mexico City's Night Sky Lights Up With Opening of Scientology Church for Del Valle   •   University of Phoenix Continues Nationwide Networking Series, "Small Bites, Big Connections," Fostering Alumni Community Bonds   •   Children’s Hospital Los Angeles Launches Ninth Annual Make March Matter® Fundraising Campaign   •   Writers of “American Fiction,” “Slow Horses” Win 36th-annual Scripter Awards   •   1,000 Dream Fund Kicks Off Women's History Month Celebration with Twitch Charity Fundraiser in Partnership with Twitch Women's U   •   Canada is connecting more than 150 Northwest Territories households to high-speed Internet and bringing mobile connectivity to r   •   AHF Opens Food Pantry for San Diego Veterans   •   Meridiam Breaks Ground in Selma, Alabama, on Transformative Fiber Infrastructure Project   •   EMPOWER Leads Foster Care Services for All Children and Families in the Metroplex East Region   •   WM Elects Tom Bené to Board of Directors   •   Pittsburgh 12th Grader Selected to Join Million Girls Moonshot Flight Crew   •   Barnes & Noble Education Receives Continued Listing Standard Notice From NYSE   •   Calvin Klein Fragrances announces Idris and Sabrina Elba as the face of new Calvin Klein ETERNITY AROMATIC ESSENCE fragrance cam   •   The Family Initiative (TFI) Becomes One of the Largest Community-Based Care Child Welfare Agencies in the U.S.   •   Minister Qualtrough announces investments in sport and physical activity opportunities for Indigenous communities   •   Ventas to Participate in Investor Meetings at Citi 2024 Global Property CEO Conference   •   Standing Buffalo and Canada sign roadmap to advance reconciliation and rebuild their relationship
Bookmark and Share

McCormick & Company's 2050 Net-Zero Target Validated by Science Based Targets Initiative

McCormick & Company's 2050 Net-Zero Target Validated by Science Based Targets Initiative

PR Newswire

Verification Reinforces McCormick's Commitment to Achieving a Sustainable Future Through Energy Efficiency, Sustainable Agriculture, and Value Chain Engagement

HUNT VALLEY, Md., Dec. 11, 2023 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, is one of several companies leading the journey to net-zero as it announced today that the Science Based Targets initiative (SBTi) has approved its net-zero science-based target by 2050.

"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 Michael Okoroafor, Chief Sustainability Officer for McCormick & Company. "Through Purpose-led Performance, our work to increase energy efficiency, create opportunities for regenerative agriculture in global farming communities, and strengthen engagement within our value chain will help us all achieve this collective global goal."

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

McCormick & Company, Incorporated is a global leader in flavor. With over $6 billion in annual sales across 170 countries and territories, we manufacture, market and distribute spices, seasoning mixes, condiments and other flavorful products to the entire food industry including e-commerce channels, grocery, food manufacturers and foodservice businesses. Our most popular brands with trademark registrations include McCormick, French's, Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane and Gourmet Garden. Every day, no matter where or what you eat or drink, you can enjoy food flavored by McCormick.

Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is guided by our principles and committed to our Purpose – To Stand Together for the Future of Flavor. McCormick envisions A World United by Flavor where healthy, sustainable and delicious go hand in hand. To learn more, visit www.mccormickcorporation.com or follow McCormick & Company on Instagram and LinkedIn.

For information contact:

Global Communications:

Lori Robinsonlori_robinson@mccormick.com

 

Cision View original content:https://www.prnewswire.com/news-releases/mccormick--companys-2050-net-zero-target-validated-by-science-based-targets-initiative-302011815.html

SOURCE McCormick & Company, Incorporated



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News