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January 18, 2024
2 Min Read
This is the eighth time McCormick has been on the list.Image courtesy of McCormick & Co. Inc.
Global flavor leader McCormick & Co. has been named the world's 49th most sustainable company and No. 1 in the Food Products industry by the Corporate Knights Global 100 Sustainability Index at the Davos World Economic Forum. 2024 marks the eighth consecutive year McCormick has been featured on this list. The company also retained its top position among its food industry peers.
"McCormick is honored to be recognized as one of the world's most sustainable companies by Corporate Knights for our actions to transition to low-carbon renewable energy sources, which remain a key priority within our Purpose-led Performance agenda," said Brendan Foley, president and CEO of McCormick & Co. "McCormick is committed to growing our business responsibly and has made significant progress in transitioning to renewable energy, including solar, across our global operations. We continue to invest in modern green facilities around the world to deliver energy efficiencies. The work we've completed to date demonstrates our dedication to achieving Net-Zero by 2050, a goal which has been validated by the Science Based Targets initiative."
In line with its commitment to Purpose-led Performance, McCormick is focused on delivering industry-leading financial performance while meeting its goals for 2025 and beyond to do what's right for people, communities, and the planet. McCormick's most impactful work includes efforts to improve farmer livelihoods, sustainably source its iconic ingredients, reduce greenhouse gas emissions, and support global communities where the company operates.
McCormick's scope 1, 2 (GHG emissions that a company can control) and 3 (GHG emissions that occur from sources not owned or controlled by a company) emissions goals have been validated by the Science Based Targets Initiative (SBTi). These targets align with the Paris Agreement to limit global warming to below 1.5°C and require McCormick to achieve a 42% absolute reduction in greenhouse gas emissions by 2030. These near-term targets are the first step towards the company's long-term target to achieve net zero by 2050.
"Purpose-led Performance underscores everything we do at McCormick, and we are committed to building a sustainable economy for today and the future. Our validated Net-Zero goal drives us to implement a clear roadmap for emissions reductions, and through significant strides in transitioning to renewable energy and investing in green buildings globally, we are making tangible progress towards our ambitious decarbonization objectives," said Michael Okoroafor, chief sustainability officer, McCormick & Co.
Companies ranked on the Corporate Knights' Global 100 Sustainability Index represent the top echelon in the world on sustainability performance. To determine the ranking, the organization analyzes 6,733 companies against global industry peers on a suite of up to 25 quantitative key performance indicators, weighted to reflect each industry's impact profile.
See the Corporate Knights' Global 100 Sustainability Index full list here.
About the Author(s)
Kristen Kazarian has been a writer and editor for more than three decades. She has worked at several consumer magazines and B2B publications in the fields of food and beverage, packaging, processing, women's interest, local news, health and nutrition, fashion and beauty, automotive, and computers.
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