Compagnie Financiere Richemont

Compagnie Financiere Richemont's reported carbon emissions

In 2026, Compagnie Financière Richemont reported total carbon emissions of approximately 13,627,500 kg CO2e. This figure includes Scope 1 emissions of about 13,600,000 kg CO2e, primarily from mobile combustion (approximately 7,964,700 kg CO2e) and stationary combustion (about 4,676,300 kg CO2e). Scope 2 emissions accounted for approximately 1,426,000 kg CO2e, while Scope 3 emissions were significantly higher at approximately 1,364,800,000 kg CO2e, with the largest contributions from purchased goods and services (about 989,300,000 kg CO2e) and upstream transportation and distribution (approximately 54,600,000 kg CO2e). Richemont has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46% by 2030 from a 2019 base year. Additionally, the company targets a 55% reduction in Scope 3 emissions per dollar value added for purchased goods and services and business travel by 2030. Furthermore, Richemont is committed to ensuring that 20% of its suppliers, by emissions, covering purchased goods and services and upstream transportation and distribution, will have science-based targets by 2025. These commitments align with the Science-Based Targets initiative (SBTi) and reflect Richemont's dedication to sustainability and reducing its overall carbon footprint. The company also aims to increase its sourcing of renewable electricity from 64% in 2019 to 100% by 2025, further enhancing its climate action strategy.