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Medical Device Manufacturing
US
updated 2 months ago

Fossil

Company website

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.

56

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.

29

Industry Benchmark

Fossil's score of 56 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.

74%

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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. Specifically, their Scope 1 emissions were about 777,000 kg CO2e, and Scope 2 emissions totalled approximately 8,207,000 kg CO2e (market-based). Fossil has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2040. They have established near-term targets to reduce absolute Scope 1 and 2 GHG emissions by 85% by 2030, using 2021 as the base year. Additionally, they plan to cut Scope 3 emissions by 45% within the same timeframe. For long-term goals, they aim for 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 reflect Fossil's commitment to addressing climate change within the textiles, apparel, footwear, and luxury goods sector. The company is headquartered in the United States and is actively working towards these sustainability goals.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

202020212022
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

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

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