Audemars Piguet Holding SA

Audemars Piguet Holding SA's reported carbon emissions

In 2024, Audemars Piguet Holding SA reported total carbon emissions of approximately 105.7 million kg CO2e. This figure includes Scope 1 emissions of about 225,000 kg CO2e, Scope 2 emissions of approximately 1.81 million kg CO2e (market-based), and a significant Scope 3 total of around 103.7 million kg CO2e. The Scope 3 emissions breakdown reveals major contributions from purchased goods and services (approximately 66.5 million kg CO2e) and business travel (about 25.5 million kg CO2e). In comparison, the previous year, 2023, saw total emissions of approximately 86.4 million kg CO2e, with Scope 1 at about 209,000 kg CO2e, Scope 2 at approximately 1.79 million kg CO2e (market-based), and Scope 3 emissions reaching around 84.4 million kg CO2e. This indicates a notable increase in emissions from 2023 to 2024. Audemars Piguet has set ambitious climate commitments, aiming to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2024 as the base year. Additionally, the company plans to cut Scope 3 emissions from business travel and employee commuting by 25% within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect a commitment to sustainable practices within the luxury goods sector. Furthermore, Audemars Piguet is committed to increasing its sourcing of renewable electricity from 76% in 2024 to 100% by 2030, and ensuring that 71% of its suppliers, by emissions, have science-based targets by 2030. These initiatives underscore the company's dedication to reducing its carbon footprint and contributing to global climate goals.