Fossil
Fossil Group, Inc., commonly known as Fossil, is a prominent American lifestyle brand headquartered in Richardson, Texas. Founded in 1984, the company has established itself in the fashion accessories industry, specialising in watches, handbags, and other leather goods. With a commitment to innovation, Fossil has successfully integrated technology into its products, notably through its smartwatches and hybrid timepieces. Over the years, Fossil has achieved significant milestones, including collaborations with renowned fashion labels and the expansion of its global presence across North America, Europe, and Asia. The brand is celebrated for its unique blend of vintage-inspired designs and modern functionality, positioning itself as a leader in the competitive accessories market. Fossil's dedication to quality craftsmanship and stylish aesthetics continues to resonate with consumers worldwide.
DitchCarbon Score
How does Fossil'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
Fossil's score of 56 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fossil's reported carbon emissions
In 2022, Fossil Group, Inc. reported total greenhouse gas emissions of approximately 77,700 kg CO2e for Scope 1, about 8,207,000 kg CO2e for Scope 2 (market-based), and a significant 166,373,000 kg CO2e for Scope 3 emissions. This reflects a comprehensive approach to emissions reporting, covering all three scopes. Fossil has set ambitious climate commitments, aiming for net-zero emissions across its entire value chain by 2040. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 85% and Scope 3 emissions by 45% by 2030, using 2021 as the baseline year. Furthermore, they plan to achieve a 95% reduction in Scope 1 and 2 emissions and a 90% reduction in Scope 3 emissions by 2040. In addition to these targets, Fossil is implementing strategies such as transitioning from tin boxes to recycled aluminium boxes, which is expected to contribute significantly to their emission reduction goals. The company is committed to aligning its targets with science-based methodologies to ensure they meet the necessary reductions to limit global warming to 1.5°C. Overall, Fossil Group's proactive stance on climate action demonstrates its commitment to sustainability and reducing its carbon footprint in the textiles and apparel sector.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 3,514,000 | 000,000 | 000,000 |
| Scope 2 | 27,034,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 205,136,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Fossil is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
