Compagnie Financiere Richemont Sustainability Profile
Compagnie Financière Richemont, often referred to simply as Richemont, is a leading luxury goods holding company headquartered in Switzerland (CH). Founded in 1988, Richemont has established itself as a prominent player in the luxury industry, with a diverse portfolio that includes renowned brands in jewellery, watches, and fashion. The company operates primarily in Europe, Asia, and the Americas, showcasing its commitment to craftsmanship and quality. Richemont's core offerings include high-end watches, fine jewellery, and luxury accessories, distinguished by their exceptional design and heritage. Notable brands under its umbrella include Cartier, Montblanc, and Van Cleef & Arpels, each known for their unique artistry and innovation. With a strong market position, Richemont has achieved significant milestones, including consistent revenue growth and a robust presence in the global luxury market, solidifying its reputation as a leader in the sector.
DitchCarbon Score
How does Compagnie Financiere Richemont'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 Other 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
Compagnie Financiere Richemont's score of 65 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Compagnie Financiere Richemont's reported carbon emissions
In 2025, Compagnie Financière Richemont reported total carbon emissions of approximately 1,750,300,000 kg CO2e. This includes Scope 1 emissions of about 17,100,000 kg CO2e, Scope 2 emissions of approximately 3,600,000 kg CO2e (market-based), and a significant Scope 3 contribution of around 1,729,600,000 kg CO2e. In comparison, their 2023 emissions were about 1,652,700,000 kg CO2e, with Scope 1 at approximately 15,000,000 kg CO2e, Scope 2 at around 4,400,000 kg CO2e (market-based), and Scope 3 at about 1,633,300,000 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 baseline. Additionally, they are targeting a 55% reduction in Scope 3 emissions per dollar value added for purchased goods and services and business travel by 2030. Furthermore, Richemont commits that by 2025, 20% of its suppliers, based on emissions from purchased goods and services and upstream transportation and distribution, will have science-based targets. The company has validated its Science-Based Targets (SBTs) in 2021, reinforcing its commitment to sustainability and aligning with global climate goals. Richemont's initiatives reflect a proactive approach to mitigating climate impact, particularly in the luxury goods sector, where emissions can be substantial.
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| 2011 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 15,900,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 54,800,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 213,500,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Compagnie Financiere Richemont's Industry?
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Compagnie Financiere Richemont's Scope 3 Categories Breakdown
Compagnie Financiere Richemont's Scope 3 emissions, which increased by 6% last year and increased by approximately 710% since 2011, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 72% of Scope 3 emissions.
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Compagnie Financiere Richemont'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.
Compagnie Financiere Richemont 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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