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 32 is higher than 87% 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 54,000,000 kg CO2e, with emissions distributed across all three scopes. Specifically, Scope 1 emissions were about 330,000 kg CO2e, while Scope 2 emissions totalled approximately 2,654,000 kg CO2e. The most significant contributor was Scope 3 emissions, which accounted for about 52,039,000 kg CO2e. Within Scope 3, the largest categories included purchased goods and services (approximately 22,038,000 kg CO2e) and upstream transportation and distribution (around 17,929,000 kg CO2e). Despite the detailed emissions reporting, Movado has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for further commitment to climate action within the industry context. As a company headquartered in Switzerland (CH), Movado's climate commitments will be crucial in aligning with global sustainability goals and addressing the growing demand for corporate accountability in emissions management.
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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.
