Movado Group, Inc., a renowned name in the luxury watch industry, is headquartered in Switzerland (CH) and operates primarily in the retail trade services sector, excluding motor vehicles and motorcycles. Founded in 1881, Movado has established itself as a leader in innovative timepiece design, known for its iconic Museum dial and commitment to craftsmanship.
The company offers a diverse range of high-quality watches that blend modern aesthetics with traditional watchmaking techniques. Movado's unique approach to design and functionality has garnered numerous accolades, solidifying its position in the luxury market. With a focus on precision and style, Movado continues to captivate consumers worldwide, making it a prominent player in the global watch industry.
-7 vs industry average
Movado’s score of 28 is lower than 45% 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
Retail Trade Services has below-average carbon intensity
Industry performance
The Retail Trade Services industry has reduced its overall emissions by 42% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Movado's reported carbon emissions
Movado, headquartered in CH and operating within the retail trade services sector, reported a total of approximately 55.04 million kg CO2e in emissions for the fiscal year 2023. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Detailed breakdown for FY2023: * **Scope 1:** Approximately 330,000 kg CO2e * **Scope 2:** Approximately 2,654,000 kg CO2e * **Scope 3:** Approximately 52,039,000 kg CO2e Within Scope 3 emissions, key contributing categories include: * Purchased goods and services: Approximately 3,402,000 kg CO2e * Waste generated in operations: Approximately 3,795,000 kg CO2e * Employee commute: Approximately 2,436,000 kg CO2e * Business travel: Approximately 1,035,000 kg CO2e * Capital goods: Approximately 1,862,000 kg CO2e * Fuel and energy-related activities: Approximately 518,000 kg CO2e * End-of-life treatment of sold products: Approximately 677,000 kg CO2e Movado's FY23 Corporate Responsibility Annual Report indicates a reported GHG emissions intensity of 0.07 units per unit of revenue. The company has disclosed data for Scope 1, 2, and 3 emissions. Specific reduction targets or achievements are not detailed in the provided information for this reporting period. The company is not currently reporting cascaded data from a parent organisation.
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Movado’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Movado yet.
Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Movado
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