How We Do Business at McCormick

McCormick shareholders have enjoyed a total return that exceeds that of the S&P 500 Stock Index. We believe that this performance is a reflection of both how we operate and what we achieve. Indeed, the way we do business at McCormick is an integral part of our performance.

For example, our Multiple Management philosophy, established in 1932, is part of the fabric of our business. Through collaboration and participation we create an inclusive environment for all employees that values diversity and individual talents. We are also implementing McCormick’s High Performance System, which thrives on teamwork and has led to more effective training, lower turnover and greater efficiency.

The strong culture of respect that we have for one another extends to our suppliers, our customers and our communities. In addition to the Company’s support for the communities in which we operate, McCormick employees are also involved in various charitable organizations. We recognize these employees each year, providing several awards that include funds for the organization the employee supports. We also match many of the contributions made by employees, including those that work an extra day and contribute their pay as part of our Charity Day program.

The quality and safety of our products is also paramount to our success. We are the “taste you trust” and we work to earn that trust every day. For years our global sourcing team has traveled the world to procure the best spices and herbs. McCormick’s management team also serves as industry leaders in organizations such as the Institute of Food Technologists. Our participation in the Healthy Weight Commitment Foundation is just one example of our interest in going beyond quality and safety and responding to consumer interest in health. Many of our products are salt-free, high in antioxidants and, of course, great tasting.

Finally, we are committed to operating in an environmentally sustainable manner. Our Sustainability Committee and teams at many locations have made excellent progress. Since 2005, we have reduced our global water usage 26%, greenhouse gas emissions 23%, solid waste 22% and electricity 17%. These are impressive results and ahead of our goals. Based on this progress we have set new 5-year goals for further reductions.