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 62 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 2023, Swatch reported total carbon emissions of approximately 1,384,978,000 kg CO2e, with Scope 1 emissions at about 17,931,000 kg CO2e and Scope 2 emissions at approximately 34,047,000 kg CO2e. The majority of their emissions stem from Scope 3, which accounted for about 1,333,000,000 kg CO2e, highlighting the significant impact of their supply chain and product use. Swatch has set ambitious climate commitments, aiming to reduce stationary emissions (Scope 1) by 65% by 2030, targeting a reduction to 35% of current levels, and ultimately achieving zero emissions by 2040. For Scope 2 emissions, the company plans to cut electricity-related emissions by 50% by 2030, with further reductions to 5% by 2040 and reaching net-zero by 2050. These targets reflect Swatch's commitment to addressing its carbon footprint and contributing to global climate goals. Overall, Swatch's emissions data and reduction initiatives demonstrate a proactive approach to sustainability, with a focus on both immediate and long-term climate action.
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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.
