Compagnie Financiere Richemont
Compagnie Financière Richemont, often referred to simply as Richemont, is a leading luxury goods holding company headquartered in Switzerland (CH). Founded in 1988, Richemont has established itself as a prominent player in the luxury industry, with a diverse portfolio that includes renowned brands in jewellery, watches, and fashion. The company operates primarily in Europe, Asia, and the Americas, showcasing its commitment to craftsmanship and quality. Richemont's core offerings include high-end watches, fine jewellery, and luxury accessories, distinguished by their exceptional design and heritage. Notable brands under its umbrella include Cartier, Montblanc, and Van Cleef & Arpels, each known for their unique artistry and innovation. With a strong market position, Richemont has achieved significant milestones, including consistent revenue growth and a robust presence in the global luxury market, solidifying its reputation as a leader in the sector.
DitchCarbon Score
How does Compagnie Financiere Richemont'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 Other Services 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
Compagnie Financiere Richemont's score of 57 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Compagnie Financiere Richemont's reported carbon emissions
In 2023, Compagnie Financière Richemont reported total carbon emissions of approximately 1,842,400,000 kg CO2e. This figure includes 15,000,000 kg CO2e from Scope 1 emissions, 4,400,000 kg CO2e from Scope 2 emissions, and a significant 1,823,000,000 kg CO2e from Scope 3 emissions, which primarily arise from purchased goods and services. Richemont has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 46% by 2030, using 2019 as the base year. Additionally, the company plans to increase its annual sourcing of renewable electricity from 64% in 2019 to 100% by 2025. For Scope 3 emissions, Richemont targets a 55% reduction per dollar value added by 2030, also based on 2019 levels. Furthermore, the company commits to ensuring that 20% of its suppliers, in terms of emissions related to purchased goods and services and upstream transportation, will have science-based targets by 2025. These initiatives reflect Richemont's commitment to sustainability and align with industry standards for reducing greenhouse gas emissions, contributing to global efforts to combat climate change.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 13,600,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 57,300,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 51,200,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 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.
Compagnie Financiere Richemont is committed to some reduction initiatives 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.
