Watches of Switzerland
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Watches of Switzerland's score of 63 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Watches of Switzerland's reported carbon emissions
In 2024, Watches of Switzerland reported total carbon emissions of approximately 168,241,000 kg CO2e, with 4,233,000 kg CO2e attributed to Scope 1 and 2 emissions, and 163,938,000 kg CO2e from Scope 3 emissions. In 2023, the company recorded total emissions of about 173,298,000 kg CO2e, comprising 3,866,000 kg CO2e for Scope 1 and 2, and 169,698,000 kg CO2e for Scope 3. Watches of Switzerland has set ambitious climate commitments, aiming for a 50% absolute reduction in Scope 1 and 2 emissions and a 42% reduction in Scope 3 emissions by 2030, using a fiscal year 2020 baseline. This commitment aligns with the Science Based Targets initiative (SBTi) and is consistent with the goal of limiting global warming to 1.5°C under the Paris Climate Agreement. Additionally, the company has pledged to achieve Net Zero emissions by 2050 across all scopes. In the UK, for the fiscal year 2023, the company reported Scope 1 emissions of 133,000 kg CO2e, Scope 2 emissions of approximately 1,687,000 kg CO2e, and Scope 3 emissions of about 112,454,000 kg CO2e. These figures highlight the significant impact of purchased goods and services, which accounted for a substantial portion of their overall emissions. Watches of Switzerland's proactive approach to reducing carbon emissions reflects its commitment to sustainability and environmental responsibility within the retail sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 | - | - |
| Scope 2 | - | 0,000,000 | 0,000,000 | - | - |
| Scope 3 | 100,899,000 | 000,000,000 | 000,000,000 | 000,000,000 | 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.
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.
