Seiko
Seiko Holdings Corporation, commonly known as Seiko, is a renowned Japanese watchmaker headquartered in Tokyo, Japan. Founded in 1881, Seiko has established itself as a leader in the horology industry, celebrated for its innovative timekeeping technology and craftsmanship. The company operates primarily in Asia, Europe, and the Americas, offering a diverse range of products that include mechanical, quartz, and Spring Drive watches. Seiko is distinguished by its commitment to precision and quality, with notable achievements such as the introduction of the world's first quartz watch in 1969. This pioneering spirit has solidified Seiko's market position, making it a preferred choice among watch enthusiasts and collectors. With a rich heritage and a focus on innovation, Seiko continues to set benchmarks in the watchmaking industry, blending tradition with cutting-edge technology.
DitchCarbon Score
How does Seiko'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 Electrical Machinery 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
Seiko's score of 55 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Seiko's reported carbon emissions
In 2023, Seiko Group Corporation reported significant carbon emissions across various scopes. The total emissions for Scope 1 were approximately 8,154,000 kg CO2e, while Scope 2 emissions amounted to about 88,434,000 kg CO2e (market-based). Notably, the company has set ambitious targets to reduce its greenhouse gas emissions. By 2030, Seiko aims to achieve a 42% reduction in absolute Scope 1 and 2 emissions from a 2022 baseline. Additionally, the company is committed to reducing Scope 3 emissions from purchased goods and services and the use of sold products by 25% within the same timeframe. Seiko has also pledged to achieve net-zero emissions by 2050, encompassing all scopes of emissions. This long-term commitment aligns with industry standards and reflects the company's dedication to addressing climate change. The targets have been validated by the Science Based Targets initiative (SBTi), ensuring they are consistent with the reductions necessary to limit global warming to 1.5°C. Overall, Seiko's climate commitments demonstrate a proactive approach to sustainability, with clear reduction targets and a long-term vision for carbon neutrality.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | - | - | - | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Seiko is participating in some 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.
