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 68 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Compagnie Financiere Richemont's reported carbon emissions
In 2025, Compagnie Financière Richemont reported total carbon emissions of approximately 1,750,300,000 kg CO2e. This figure includes Scope 1 emissions of about 17,100,000 kg CO2e, Scope 2 emissions of approximately 3,600,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 1,729,600,000 kg CO2e. The Scope 3 emissions breakdown reveals major sources, including purchased goods and services (about 1,238,400,000 kg CO2e) and upstream transportation and distribution (approximately 116,200,000 kg CO2e). In 2023, Richemont's total emissions were reported at about 1,652,700,000 kg CO2e, with Scope 1 emissions at approximately 15,000,000 kg CO2e, Scope 2 emissions at around 4,400,000 kg CO2e, and Scope 3 emissions reaching about 1,633,300,000 kg CO2e. Richemont has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 GHG emissions by 46% by 2030 from a 2019 baseline. Additionally, the company targets a 55% reduction in Scope 3 emissions per dollar value added for purchased goods and services and business travel by 2030. Furthermore, Richemont is committed to ensuring that 20% of its suppliers, based on emissions from purchased goods and services and upstream transportation and distribution, will have science-based targets by 2025. These targets are aligned with the Science-Based Targets initiative (SBTi) and reflect Richemont's commitment to sustainability within the luxury goods sector. The company also aims to increase its sourcing of renewable electricity from 64% in 2019 to 100% by 2025, reinforcing its dedication to reducing its overall carbon footprint.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 18,300,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 56,800,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 42,900,000 | 00,000,000 | 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 | 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 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.
