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 Scope 1 emissions of about 330,000 kg CO2e, Scope 2 emissions of approximately 2,654,000 kg CO2e, and significant Scope 3 emissions totalling around 52,039,000 kg CO2e. The Scope 3 emissions breakdown reveals key contributors such as capital goods (1,862,000 kg CO2e), business travel (1,035,000 kg CO2e), and employee commute (2,436,000 kg CO2e). Despite the substantial emissions reported, Movado has not established specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction strategies suggests a need for enhanced climate action within the organisation. Movado's emissions data is not cascaded from a parent company, indicating that these figures are independently reported by Movado Group, Inc. Overall, while Movado has made strides in transparency regarding their emissions, the lack of defined reduction targets highlights an opportunity for the company to strengthen its climate commitments in the future.
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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.
