Garmin Ltd., commonly referred to as Garmin, is a prominent American company specialising in innovative business services within the broader technology sector. Headquartered in the United States, Garmin has established a significant presence across North America, Europe, and other key regions, serving a diverse range of industries. Founded in 1989, the company has grown to become a leader in GPS technology, offering a wide array of products including navigation devices, wearables, and fitness tracking solutions.
Garmin’s core offerings are distinguished by their precision, durability, and user-centric design, making them popular among consumers and professionals alike. With a strong market position and numerous industry awards, Garmin continues to push the boundaries of location-based services and wearable technology, maintaining its reputation as an innovative force in the business services sector.
-12 vs industry average
Garmin’s score of 21 is lower than 38% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Garmin's reported carbon emissions
Garmin, headquartered in the US and operating within the "Other business services (74)" sector, reported a total of approximately 1.015 billion kg CO2e for the 2024 reporting year. This figure encompasses Scope 1, Scope 2 (market-based), and Scope 3 emissions.
Scope 1 emissions stood at approximately 9.87 million kg CO2e. Scope 2 emissions, calculated on a market-based approach, were approximately 45.33 million kg CO2e. Scope 3 emissions represented the largest portion, totalling approximately 960.30 million kg CO2e.
Garmin's disclosed emissions data for 2024 indicates that certain Scope 3 categories, including purchased goods and services, business travel, and employee commute, were not included.
Garmin has not yet published specific reduction targets or joined initiatives such as the Science Based Targets initiative (SBTi) or the Climate Pledge. Further details regarding their climate strategy are available in their sustainability reports and policy documents.
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Garmin’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Garmin yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Garmin
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