Audemars Piguet Holding SA Sustainability Profile
Audemars Piguet Holding SA, often referred to simply as Audemars Piguet, is a prestigious Swiss watchmaker headquartered in Le Brassus, Switzerland (CH). Founded in 1875, the company has established itself as a leader in the luxury watch industry, renowned for its innovative designs and exceptional craftsmanship. Audemars Piguet primarily focuses on high-end mechanical watches, with iconic collections such as the Royal Oak and the Royal Oak Offshore, which are celebrated for their unique octagonal bezels and intricate movements. The brand's commitment to quality and artistry has earned it a prominent position in the global luxury market, making it a sought-after name among collectors and enthusiasts alike. With a rich heritage and a reputation for excellence, Audemars Piguet continues to push the boundaries of horological innovation while maintaining its status as a symbol of luxury and sophistication.
DitchCarbon Score
How does Audemars Piguet Holding SA'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 Real Estate 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
Audemars Piguet Holding SA's score of 24 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Audemars Piguet Holding SA's reported carbon emissions
In 2019, Audemars Piguet Holding SA reported total greenhouse gas emissions of approximately 4,800,000 kg CO2e from Scope 3 sources, alongside about 114,000 kg CO2e from combined Scope 1 and 2 emissions. The company has set ambitious near-term targets to significantly reduce its carbon footprint. By 2030, Audemars Piguet aims to achieve a 42% reduction in absolute Scope 1 and 2 emissions from a 2024 baseline. Additionally, the company is committed to increasing its sourcing of renewable electricity from 76% in 2024 to 100% by 2030. Furthermore, Audemars Piguet plans to reduce its absolute Scope 3 emissions related to business travel and employee commuting by 25% by 2030, also from a 2024 base year. The company has set a goal for 71% of its suppliers, covering purchased goods and services, capital goods, and upstream transportation and distribution, to have science-based targets by 2030. These commitments align with the Science Based Targets initiative (SBTi) and reflect the company's dedication to addressing climate change within the luxury goods sector.
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| 2019 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 4,800,000 |
How Carbon Intensive is Audemars Piguet Holding SA's Industry?
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Audemars Piguet Holding SA's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Audemars Piguet Holding SA has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
