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 40 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Fossil's reported carbon emissions
In 2021, Fossil Group, Inc. reported total greenhouse gas emissions of approximately 254,800,000 kg CO2e from Scope 3, 14,100,000 kg CO2e from Scope 2, and 370,000 kg CO2e from Scope 1. This marked a significant increase in emissions from 2020, where total emissions were about 207,130,000 kg CO2e for Scope 3, 25,200,000 kg CO2e for Scope 2, and 3,510,000 kg CO2e for Scope 1. Fossil has set ambitious climate commitments, aiming for net-zero greenhouse gas 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% by 2030, using 2021 as the baseline year. Additionally, it aims to cut Scope 3 emissions by 45% within the same timeframe. For the long term, Fossil plans to achieve a 95% reduction in Scope 1 and 2 emissions and a 90% reduction in Scope 3 emissions by 2040. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. Fossil's commitment reflects a proactive approach to addressing climate change within the textiles, apparel, footwear, and luxury goods sector.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 3,510,000 | 000,000 |
| Scope 2 | 25,200,000 | 00,000,000 |
| Scope 3 | 207,130,000 | 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 committed to some reduction initiatives 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.
