Swatch
Swatch Group, a renowned Swiss watchmaker, is headquartered in Biel/Bienne, Switzerland (CH). Founded in 1983, the company revolutionised the watch industry with its innovative and affordable timepieces, becoming a key player in the global market. Swatch is primarily engaged in the design, manufacturing, and marketing of watches and jewellery, with a focus on combining artistic flair with cutting-edge technology. The brand is celebrated for its unique plastic watches, which offer vibrant designs and exceptional durability, appealing to a diverse audience. Swatch has achieved significant milestones, including the introduction of the Swatch Art Special series, showcasing collaborations with contemporary artists. With a strong market position, Swatch continues to lead in the fashion watch segment, consistently pushing the boundaries of creativity and craftsmanship.
DitchCarbon Score
How does Swatch'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 Metal Fabrication 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
Swatch's score of 64 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Swatch's reported carbon emissions
In 2024, Swatch reported total carbon emissions of approximately 1,261,054 tonnes CO2e. This figure includes 17,002 tonnes CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 26,052 tonnes CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, about 1,218,000 tonnes CO2e, fall under Scope 3, which includes emissions from the entire value chain, such as purchased goods and services, business travel, and employee commuting. Swatch has set ambitious reduction targets to address its carbon footprint. The company aims to reduce stationary emissions (Scope 1) by 65% by 2030, targeting a reduction to 35% of current levels, and to achieve net-zero emissions by 2040. For Scope 2 emissions, Swatch plans to cut emissions from electricity consumption by 50% by 2030, aiming for just 5% by 2040 and ultimately reaching zero by 2050. In 2023, Swatch's total emissions were approximately 1,384,978 tonnes CO2e, with Scope 1 emissions at 17,931 tonnes CO2e and Scope 2 emissions at 34,047 tonnes CO2e. The company has demonstrated a commitment to transparency by disclosing emissions data across all relevant scopes, which is crucial for tracking progress towards their climate goals. Overall, Swatch's proactive approach to reducing carbon emissions reflects its dedication to sustainability and climate responsibility, aligning with industry standards and expectations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 18,991,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 00,000,000 | - | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Swatch 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.
