Citizen Watch Co Sustainability Profile
Citizen Watch Co., Ltd., commonly known as Citizen, is a renowned Japanese watch manufacturer headquartered in Tokyo, Japan. Established in 1918, the company has evolved into a leader in the horology industry, celebrated for its innovative technology and precision timepieces. Citizen operates globally, with significant markets in Asia, Europe, and the Americas. The brand is particularly noted for its Eco-Drive technology, which harnesses light to power watches, eliminating the need for battery replacements. This commitment to sustainability and innovation has positioned Citizen as a pioneer in the watchmaking sector. With a rich history marked by key milestones, including the introduction of the world’s first light-powered watch in 1976, Citizen continues to achieve notable recognition for its craftsmanship and reliability, solidifying its status as a trusted name in timekeeping.
DitchCarbon Score
How does Citizen Watch Co'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 Medical Device 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
Citizen Watch Co's score of 51 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Citizen Watch Co's reported carbon emissions
In 2023, Citizen Watch Co., Ltd. reported significant carbon emissions, totalling approximately 9,070,000,000 kg CO2e for Scope 1, 53,000,000 kg CO2e for Scope 2, and about 2,243,100,000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and 2 emissions was around 110,816,000 kg CO2e. This data reflects a comprehensive approach to emissions reporting, covering all relevant scopes. The company has set ambitious reduction targets, committing to a 50.4% reduction in absolute Scope 1 and 2 greenhouse gas emissions by FY2030, using FY2018 as the baseline. Additionally, Citizen Watch aims to reduce Scope 3 emissions from purchased goods and services and the use of sold products by 30% over the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are consistent with the reductions necessary to limit global warming to 1.5°C. Furthermore, Citizen Watch has announced a long-term goal of achieving Net Zero CO2 emissions by 2050, a commitment made during its shareholders' meeting in June 2020. This comprehensive strategy underscores the company's dedication to addressing climate change and reducing its carbon footprint across all operational scopes.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | - | - | - | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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Citizen Watch Co'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.
Citizen Watch Co 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.
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Frequently Asked Questions
Common questions about Citizen Watch Co's sustainability data and climate commitments