Movado
Movado Group, Inc., a renowned name in the luxury watch industry, is headquartered in Switzerland (CH) and operates globally, with a strong presence in North America and Europe. Founded in 1881, Movado has established itself as a leader in innovative timepiece design, known for its iconic Museum dial, which features a minimalist aesthetic and a single dot at 12 o'clock, symbolising the sun at high noon. The company offers a diverse range of watches, including the Movado Bold and Movado Museum collections, distinguished by their craftsmanship and modern elegance. Movado's commitment to quality and design has earned it numerous accolades, solidifying its position as a prestigious brand in the luxury watch market. With a rich heritage and a focus on innovation, Movado continues to captivate watch enthusiasts worldwide.
DitchCarbon Score
How does Movado'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 Retail Trade Services 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
Movado's score of 34 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Movado's reported carbon emissions
In 2023, Movado Group, headquartered in Switzerland (CH), reported total carbon emissions of approximately 55,000,000 kg CO2e. This figure includes 330,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 2,654,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 52,039,000 kg CO2e, fall under Scope 3, which encompasses all other indirect emissions in the value chain. Notably, significant contributors to Scope 3 emissions include purchased goods and services (approximately 3,402,000 kg CO2e) and waste generated in operations (around 3,795,000 kg CO2e). Despite the substantial emissions reported, Movado has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. There are no commitments to the Science Based Targets initiative (SBTi) or other climate pledges noted in the available data. The absence of reduction targets suggests that Movado may be in the early stages of developing a comprehensive climate strategy. Overall, Movado's emissions data reflects the challenges faced by the watchmaking industry in addressing climate change, particularly in managing Scope 3 emissions, which often represent the largest share of a company's carbon footprint.
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| 2023 | |
|---|---|
| Scope 1 | 330,000 |
| Scope 2 | 2,654,000 |
| Scope 3 | 52,039,000 |
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.
Movado is not participating in any 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.
