McCormick’s Purpose is "To Stand Together for the Future of Flavor," a demonstration of our commitment to work collaboratively with stakeholders in creating a more sustainable future. We understand our business has a wide impact, beginning with the farmers and communities we source our raw ingredients from, to our employees, customers, consumers and beyond. Our strategic approach to PLP is focused on creating long-term value for our business, while positively impacting people, communities and the planet.
Our PLP approach includes a series of commitments and time-bound goals aligned with the United Nation’s Sustainable Development Goals (SDGs). McCormick is committed to playing an active role in advancing the SDGs, focusing on the areas in which we can have the greatest impact. As members of the United Nations Global Compact (UNGC) we contribute to industry-wide strategies and actions to achieve the goals.
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McCormick prioritizes environmental, social and governance topics by assessing impact and financial materiality with internal and external stakeholders. The prioritization of these topics allows us to focus our PLP commitments, goals and initiatives.
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McCormick’s Purpose-led Performance goals reflect a series of commitments and performance targets that guide us through our sustainability journey. Since we formally launched PLP in 2017, we’ve been building on our successes while simultaneously raising the bar for ourselves as we navigate changing landscapes in our business and industry. We’re proud of the progress we make as we hold ourselves accountable to People, Communities and the Planet.
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For 135 years, McCormick has been a trusted global leader in flavor. Our vision of a world united by flavor—where health, sustainability, and deliciousness go hand in hand—guides our Purpose-led Performance (PLP) approach. This approach is twofold: to deliver industry-leading financial performance and do what’s right for people, communities, and the planet. As we move through 2025 and look ahead, McCormick has an opportunity to strengthen its positive impact as consumer and customer flavor preferences evolve.
As I reflect on 2024, I am inspired by the dedication of our employees who are working to achieve our PLP commitments. Our PLP approach is embedded in our strategies and in our values, as it strengthens our business fundamentals and financial performance. We’re pleased with the progress we’ve made and are mindful of the areas where further focus is needed.
2024 PLP AREAS OF FOCUS
Our sustainability practices are driven by McCormick’s long-term commitment to positively impact people, communities, and the planet. As you will see in the following pages, we are making significant progress toward our goals, adapting as needed to evolving industry and market dynamics. At McCormick, our Power of People principle underscores our commitment to deliver a high-performance, people-first culture. Our values are rooted in doing the right thing, fostering an inclusive environment where everyone feels valued and respected, and continuously striving for positive change.
We work closely with our customers to anticipate and respond to shifting trends while also delivering flavor in a way that benefits both people and the planet. Through the McCormick Science Institute (MSI), we invest in research on the health and nutritional benefits of culinary herbs and spices, which helps us understand how our products can contribute to wellbeing as much as they do to taste.
Beyond our products, we are committed to strengthening the communities where we live, work, and source. We build resilience in the farming communities that cultivate our iconic herbs and spices. Our employees are actively engaged in giving back, participating in volunteer and philanthropic initiatives that create lasting local impact.
Sustainability is an ongoing journey, and we are taking bold steps to reduce our environmental footprint across our supply chain and operations. By integrating responsible practices at every level, we remain dedicated to a future where sustainability drives business value. McCormick’s investment in the sustainable sourcing of our iconic herbs and spices strengthens our competitive advantage within the industry to deliver the highest quality to our customers.
As we reflect on the progress achieved to date, we take great pride in our meaningful contributions. As we move forward, PLP will guide our ways of working and strategic decisions. With our disciplined, data-driven approach, we remain well positioned to advance our leadership and differentiation and deliver long-term value for all of our stakeholders.
As a final note, I would like to thank you for supporting McCormick as we advance on this important journey.
Brendan M. Foley, Chairman, President & Chief Executive Officer
2024 PLP Report
Governance and Approach
Planet
Communities
People