Watches of Switzerland Group plc, commonly referred to as Watches of Switzerland, is a leading luxury watch retailer headquartered in Great Britain. Established in 1924, the company has grown to become a prominent player in the high-end watch industry, with a strong presence across the UK, the US, and Europe. Specialising in the sale of prestigious timepieces from renowned brands such as Rolex, Patek Philippe, and Omega, Watches of Switzerland is celebrated for its exceptional customer service and expertise. The company has achieved significant milestones, including its listing on the London Stock Exchange, which underscores its market position as a trusted authority in luxury horology. With a commitment to quality and authenticity, Watches of Switzerland continues to set itself apart through exclusive collections and bespoke services, solidifying its reputation as a premier destination for watch enthusiasts and collectors alike.
How does Watches of Switzerland'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.
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.
Watches of Switzerland's score of 76 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Watches of Switzerland reported total carbon emissions of approximately 192,240,000 kg CO2e, with emissions distributed across various scopes: 259,000 kg CO2e for Scope 1, 3,607,000 kg CO2e for Scope 2, and 169,698,000 kg CO2e for Scope 3. This reflects a commitment to reducing their carbon footprint significantly. The company has set ambitious near-term science-based targets (SBTs) aligned with the Paris Climate Agreement, aiming for a 50% absolute reduction in Scope 1 and 2 emissions and a 42% reduction in Scope 3 emissions by 2030, using 2020 as the baseline year. This commitment underscores their dedication to achieving substantial emissions reductions in the coming years. Additionally, Watches of Switzerland has pledged to reach Net Zero emissions by 2050, demonstrating a long-term commitment to sustainability and climate action. The company’s efforts are crucial in the retail sector, where emissions from operations can be significant, and their proactive stance sets a benchmark for industry peers.
Access structured emissions data, company-specific emission factors, and source documents
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Scope 1 | 328,000 | 000,000 | 000,000 | 000,000 | - |
Scope 2 | 3,800,000 | 0,000,000 | 0,000,000 | 0,000,000 | - |
Scope 3 | 100,899,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Watches of Switzerland 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.