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 77% 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 carbon emissions of approximately 168,243,900 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 166,373,000 kg CO2e. The breakdown of emissions includes 777,000 kg CO2e from Scope 1 and approximately 8,207,000 kg CO2e from Scope 2 (market-based). Fossil has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2040. Near-term targets include a reduction of absolute Scope 1 and 2 greenhouse gas emissions by 85% by 2030, using 2021 as the base year. Additionally, the company plans to reduce absolute Scope 3 emissions by 45% within the same timeframe. Long-term goals include a 95% reduction in absolute Scope 1 and 2 emissions and a 90% reduction in Scope 3 emissions by 2040. Fossil's commitment to sustainability is further underscored by its plan to switch all tin boxes to recycled aluminium boxes, targeting a 95% reduction in emissions from this initiative by 2030. These targets 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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| 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.
