McCormick & Company Incorporated.
MKC.US | Manufacture of other food products n.e.c.
McCormick & Company, Incorporated is a global leader in flavor. The company manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to retailers, food manufacturers, and foodservice businesses. Its products are sold under a variety of brands, includin...Show More
Better Health for All
20
McCormick's core products, spices and herbs, deliver significant health benefits by enabling the reduction of sodium, saturated fat, and sugar in meals, with research showing an estimated daily reduction of 3% to 11.5% in fat and salt if healthier recipes are adopted.
1
The company has no established harmful revenue, as a lawsuit alleging heightened levels of toxic heavy metals in products was dismissed due to faulty methodology.
2
McCormick generates positive health externalities through its 'Grown for Good' framework, which provided water filtration systems to over 400 students and nearly 500 households in Vietnam, and sustainably sourced 91% of its top ingredients, positively impacting over 44,500 farmers' economic stability and health.
3
,
4
The company maintains exceptional nutritional and food safety standards, actively promoting healthier eating habits by using spices and herbs to reduce unhealthy ingredients.
5
McCormick supports mental health through its global 'Nour!sh' wellbeing program, which provides 100% of employees with access to health and wellbeing resources, including Employee Assistance Program coverage globally and initiatives like Mindfulness Moments.
6
,
7
The company also invests in public health education through its 'Flavor for Life™' program, educating communities, children, and families on reducing unhealthy ingredient intake and collaborating with organizations like Healthy Little Cooks and the United Way of Central Maryland.
8
As a food company, McCormick's business model does not involve healthcare-related patents or products with addiction potential.
Fair Money & Economic Opportunity
0
McCormick & Company operates within the packaged foods industry and does not directly engage in financial services, lending, or deposit services to consumers. As such, the company does not offer consumer credit products, manage customer finance data, or operate financial service access points. Therefore, all KPIs related to fair money and economic opportunity, which are designed for financial institutions, are not applicable to McCormick's core business model. While the company's sustainable sourcing initiatives positively impacted over 44,500 smallholder farmers
1
and its diversity and inclusion efforts resulted in 45% women and 26% ethnically diverse talent in global and U.S. leadership positions respectively,
2
these activities do not fall under the scope of financial services as defined by the rubric for this value.
Fair Pay & Worker Respect
0
McCormick & Company has established a Global Human Rights Policy (2021)
1
and a Supplier Code of Conduct, which outline minimum standards for working conditions, prohibit child and forced labor, and require fair wages and safe working conditions, aligning with international labor guidelines. During the COVID-19 pandemic, the company increased hourly wages for U.S. on-site workers
2
and extended paid leave
3
. However, the KnowTheChain 2022-2023 benchmark ranked McCormick 34th out of 43 companies with a score of 6 out of 100
4
, highlighting limited disclosure on forced labor policies and practices and suggesting areas for improvement in worker voice and remedy. Additionally, in early 2023, McCormick announced a 10% reduction in its Americas supply chain workforce
5
, citing automation and cost-reduction efforts.
Fair Trade & Ethical Sourcing
30
McCormick requires all suppliers to adhere to its Global Supplier Code of Conduct, which outlines ethical business practices, human rights, and fair employment, and undergo third-party verified social compliance audits.
1
The company has implemented the 'Grown for Good' sustainability standard, focusing on ethical supply chains, regenerative production systems, and resilient communities in Vietnam, Indonesia, India, and Brazil.
2
McCormick and Heifer International invested $1.55 million in a Cardaforestry project to support 500 smallholder farmers, aiming to enhance the spice supply chain and increase farmer incomes.
3
A 2020 assessment by KnowTheChain ranked McCormick 41st out of 60 companies with a score of 6 out of 100, indicating areas for improvement in ethical sourcing, traceability, and risk assessment.
4
McCormick was also recognized as a Global Compact LEAD company by the UN for its commitment to responsible business practices.
5
Honest & Fair Business
-10
McCormick & Company has a comprehensive Foreign Corrupt Practices Act (FCPA) and International Anti-Corruption Compliance Policy that applies globally with zero tolerance for bribery and corruption.
1
An Enterprise Compliance Group, formed in 2019, oversees the global ethics and compliance program, assessing third-party corruption risks, training employees, and monitoring compliance risks.
2
Employees on this team are Certified Compliance and Ethics Professionals.
3
The Global Supplier Code of Conduct mandates supplier compliance with anti-corruption laws and requires periodic self-evaluations.
4
Additionally, McCormick has a whistleblower policy with clear procedures for reporting concerns and protection against retaliation, and the Enterprise Compliance Group trains employees to identify and report potential violations.
5
Kind to Animals
20
McCormick mandates that all its suppliers adhere to the Five Freedoms of Animal Welfare, covering freedom from hunger, discomfort, pain, fear, and the ability to express natural behaviors.
1
All suppliers are also required to undergo a third-party verified social compliance audit.
2
For wildlife conservation, McCormick donated a total of $45,000 USD, including $25,000 to Zoos Victoria for a Grassland Earless Dragon Fighting Extinction Species Facility
3
and $5,000 each to four other voluntary organizations.
4
This represents approximately 0.0009% of its annual sales exceeding $5 billion.
5
No War, No Weapons
0
McCormick & Company's core business in consumer staples means it neither manufactures nor supplies products with military applications.
1
,
2
nor does it have any involvement in military or arms contracts.
3
The company does not indirectly profit from military spending or conflict-driven economies.
4
Its products are not associated with dual-use concerns, and its supply chains for agricultural products and food flavorings do not intersect with militarization or conflict zones, indicating zero procurement from such areas.
5
While McCormick engages in community initiatives and partnerships that align with peacebuilding, specific financial allocations for these efforts are not detailed.
6
Planet-Friendly Business
-10
McCormick has science-based targets validated by the Science Based Targets initiative (SBTi) to reduce absolute greenhouse gas emissions by 42% across Scopes 1, 2, and 3 by 2030 against a 2020 baseline.
1
The company reported a 37% reduction in Scope 1 and 2 emissions and a 2% reduction in Scope 3 emissions in 2024 against the 2020 baseline.
2
McCormick achieved a 75% recycling and recovery rate of solid waste from its facilities.
3
The company has a policy to avoid deforestation and met its 2025 goal in 2020 to sustainably source 100% of the palm oil in its supply chain through the Roundtable on Sustainable Palm Oil (RSPO).
4
Respect for Cultures & Communities
50
McCormick partnered with over 750 charitable organizations in the US in 2022.
1
The company has increased its number of diverse suppliers to more than 200 through its Supplier Diversity Program in the U.S.
2
No cultural appropriation incidents have been reported in the provided articles.
Safe & Smart Tech
0
McCormick & Company reports no material cybersecurity threats.
1
The company has integrated a comprehensive cybersecurity risk management program, supported by NIST Cybersecurity and Privacy Frameworks, into its overall risk management strategies.
2
This program includes assessment, identification, and management of cybersecurity threats, with regular updates provided to the Board and Audit Committee.
3
McCormick also utilizes AI for quality control, inspecting raw materials to enhance product consistency, and for product development, analyzing flavor trends and preferences.
4
An overarching Business Ethics Policy, overseen by the Enterprise Compliance Group with CEO oversight, guides the company's ethics and compliance program, which includes ethics training and auditing compliance risks.
5
Zero Waste & Sustainable Products
-20
McCormick achieved an approximate 75% global recycle or recovery rate for solid waste from its facilities in 2024.
1
As of 2021, 84% of its plastic packaging was circular (reused, recycled, or repurposed).
2
The company has implemented several waste reduction initiatives, including a corrugated box reuse program, diverting waste through recycling streams, composting food waste, and introducing the UCBZeroWaste program in North America in 2023.
3
These efforts, along with reducing raw material and packaging waste at its Hunt Valley plant, resulted in over $2 million in savings.
4
McCormick has not incurred any significant environmental violations or penalties in the past four fiscal years.
5
The company has set ambitious targets, including a goal to recycle and recover 85% of solid waste from its facilities by 2030,
6
and to make 100% of its plastic packaging reusable, recyclable, or repurposed by 2025.
7