Public Profile

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.

47

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.

23

Industry Benchmark

Fossil's score of 47 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.

96%

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Fossil's reported carbon emissions

In 2021, Fossil Group, Inc. reported total greenhouse gas emissions of approximately 254,800,000 kg CO2e, with emissions distributed across various scopes: 370,000 kg CO2e for Scope 1, 14,100,000 kg CO2e for Scope 2, and 254,800,000 kg CO2e for Scope 3. This marked an increase from 2020, where total emissions were about 207,130,000 kg CO2e, with Scope 1 emissions at 3,510,000 kg CO2e and Scope 2 at 25,200,000 kg CO2e. 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 targets a 95% reduction in Scope 1 and 2 emissions and a 90% reduction in Scope 3 emissions by 2040. These commitments align with the Science Based Targets initiative (SBTi) and reflect Fossil's dedication to addressing climate change within the textiles, apparel, footwear, and luxury goods sector.

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20202021
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Fossil's primary industry is Medical, precision and optical instruments, watches and clocks (33), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Fossil is in US, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers