HUNT
VALLEY, Md., June 5, 2024
/PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC),
a global leader in flavor, today released its 2023 Purpose-led
Performance (PLP) Progress Report, which provides an update on the
Company's progress towards its sustainability commitments, goals,
and the initiatives that support them. McCormick remains committed
to delivering strong financial performance while doing what's right
for People, Communities, and the
Planet.
"I am incredibly proud of the positive impact we have created
across our communities as we make progress towards our PLP goals
and continue focusing on delivering shareholder value. McCormick
employees are driving our achievements, and I am grateful for their
efforts as we pursue our goals in a balanced, transparent, and
sustainable way," said Brendan M.
Foley, President and Chief Executive Officer. "Our PLP
approach is embedded in our values and strategies because it
strengthens our business fundamentals and financial performance.
From responsibly sourcing our iconic ingredients to ensuring our
workforce represents all consumers, our actions are consistently
focused on what fuels McCormick's future. I look forward to
continuing our journey with all our stakeholders, internally and
externally, to create a more sustainable and resilient
future."
Key achievements highlighted in the 2023 PLP Progress Report
include:
- Received validation of the Company's Net-Zero by 2050 goal from
the Science Based Targets initiative (SBTi).
- Sustainably sourced 91% of the Company's top five branded
iconic ingredients in alignment with McCormick's independently
certified Grown for Good standard.
- Achieved the Company's goal to increase resiliency of 90% of
smallholder farmers growing its iconic herbs and spices, with over
44,500 farmers positively impacted.
- Attained 45% of leadership positions globally held by women and
26% of leadership positions in the U.S. held by Ethnically Diverse
Talent, supported by the Company's programs to develop high
performing talent.
To learn more about McCormick's efforts and the results they are
driving, please read their 2023 Purpose-led Performance Progress
Report or visit the Responsibility section of the corporate
website.
About McCormick
McCormick & Company is a global leader in flavor. With over
$6.5 billion in annual sales across
150 countries and territories, we manufacture, market, and
distribute herbs, spices, seasonings, condiments and flavors to the
entire food and beverage industry including retailers, 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, Gourmet
Garden, FONA and Giotti. The breadth and reach of our portfolio
uniquely position us to capitalize on the consumer demand for
flavor in every sip and bite, through our products and our
customers' products. We operate in two segments, Consumer and
Flavor Solutions, which complement each other and reinforce our
differentiation. The scale, insights and technology that we
leverage from both segments are meaningful in driving sustainable
growth.
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 Robinson –
lori_robinson@mccormick.com
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SOURCE McCormick & Company, Incorporated