Canopy Growth
Canopy Growth Corporation, commonly referred to as Canopy Growth, is a leading player in the cannabis industry, headquartered in Smiths Falls, Ontario, Canada. Founded in 2013, the company has rapidly evolved, establishing a strong presence across North America and Europe. Canopy Growth is renowned for its diverse portfolio of cannabis products, including dried flower, oils, and edibles, which are distinguished by their quality and innovation. With a commitment to research and development, Canopy Growth has achieved significant milestones, including partnerships with major retailers and advancements in product formulation. As a pioneer in the legal cannabis market, the company holds a prominent market position, recognised for its robust brand offerings such as Tweed and Spectrum Therapeutics. Through its dedication to excellence and sustainability, Canopy Growth continues to shape the future of the cannabis industry.
DitchCarbon Score
How does Canopy Growth's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Pharmaceutical Preparation Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Canopy Growth's score of 27 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Canopy Growth's reported carbon emissions
In 2020, Canopy Growth, headquartered in Canada, reported total carbon emissions of approximately 46,534,000 kg CO2e, which includes 24,198,000 kg CO2e from Scope 1 emissions and 22,336,000 kg CO2e from Scope 2 emissions. The Scope 1 emissions breakdown reveals 5,118,000 kg CO2e from fugitive emissions and 19,081,000 kg CO2e from stationary combustion. The company has not disclosed any Scope 3 emissions data. Despite the significant emissions figures, Canopy Growth has not set specific reduction targets or initiatives as part of their climate commitments. There are no reported climate pledges or SBTi (Science Based Targets initiative) targets, indicating a lack of formalised strategies for emissions reduction at this time. The company’s emissions intensity stands at approximately 0.1165 kg CO2e per unit of revenue, reflecting their operational impact relative to financial performance. As of now, Canopy Growth has not cascaded emissions data from any parent or related organisations, and all reported figures are directly from Canopy Growth Corporation.
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| 2020 | |
|---|---|
| Scope 1 | 24,198,000 |
| Scope 2 | 22,336,000 |
| Scope 3 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Canopy Growth is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
