McCormick & Co Inc
MKC.V
Consumer Defensive
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
McCormick & Company’s climate transition pathway is characterized by targets that exclude its most material emissions. The company acknowledges that over 95% of its carbon footprint is from Scope 3 emissions within its value chain, which includes agricultural production and raw material sourcing. However, its published net-zero commitment lacks a clear, time-bound plan for reducing these overwhelming Scope 3 emissions, relying instead on undefined “value chain partnerships” and offsets. This structure aligns with analyses from organizations like the NewClimate Institute, which have identified a pattern among major brands of setting long-term net-zero goals that exclude material emission categories, a practice criticized as misleading.
The company’s climate strategy has drawn scrutiny for potentially obscuring a lack of immediate, actionable decarbonization. While McCormick discloses its emissions breakdown, its near-term reduction targets for Scope 3 lack the specificity and rigor expected for a company of its scale in a sector heavily exposed to agricultural climate impacts. There is no evidence of the company actively obstructing climate policy, but its approach exemplifies the greenwashing risk defined by the climate_policy exclusion: setting a net-zero ambition that excludes the very emissions that constitute its primary climate impact, thereby misleading stakeholders about the depth of its transition commitment.
Research Sources
1 organization
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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