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.
Let us know if this data was useful to you
Fossil's reported carbon emissions
In 2022, Fossil Group, Inc. reported total carbon emissions of approximately 77,700 kg CO2e for Scope 1, 8,207,000 kg CO2e for Scope 2 (market-based), and a significant 166,373,000 kg CO2e for Scope 3 emissions. This marked a notable increase in emissions compared to 2021, where Scope 1 emissions were about 370,000 kg CO2e, Scope 2 emissions were approximately 13,127,000 kg CO2e, and Scope 3 emissions totalled around 194,665,000 kg CO2e. Fossil has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2040. The company has established near-term targets to reduce absolute Scope 1 and 2 GHG emissions by 85% by 2030 from a 2021 baseline, and to cut Scope 3 emissions by 45% within the same timeframe. Additionally, they plan to achieve a 95% reduction in Scope 1 and 2 emissions and a 90% reduction in Scope 3 emissions by 2040. Fossil's commitment to sustainability includes a specific initiative to switch all tin boxes to recycled aluminium boxes, which is expected to contribute significantly to their emission reduction goals by 2030. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the company's dedication to addressing climate change within the textiles, apparel, footwear, and luxury goods sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
