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 86% 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 reported total carbon emissions of approximately 55,000,000 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 330,000 kg CO2e, while Scope 2 emissions totalled approximately 2,654,000 kg CO2e. The majority of their emissions, approximately 52,039,000 kg CO2e, fell under Scope 3, which includes categories such as capital goods (about 1,862,000 kg CO2e), business travel (approximately 1,035,000 kg CO2e), and employee commute (around 2,436,000 kg CO2e). Despite the significant emissions reported, Movado has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests that the company may still be in the early stages of formalising its climate commitments. As a global entity headquartered in Switzerland (CH), Movado's emissions profile reflects the broader challenges faced by the watchmaking industry in addressing climate change and reducing greenhouse gas emissions.
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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.
