Richemont International S.A.

Richemont International S.A., a company operating in the Medical, precision and optical instruments, watches and clocks industry, has reported its carbon emissions data for several years. In 2020, the company's total emissions were approximately 1,113,900,000 kg CO2e. This comprised Scope 1 emissions of about 11,300,000 kg CO2e, Scope 2 emissions of approximately 5,700,000 kg CO2e, and Scope 3 emissions totalling around 1,096,900,000 kg CO2e. The largest contributor within Scope 3 was purchased goods and services, accounting for approximately 795,300,000 kg CO2e.

In 2019, Richemont International S.A. reported total emissions of approximately 1,380,900,000 kg CO2e, with Scope 1 at about 15,900,000 kg CO2e, Scope 2 at approximately 44,300,000 kg CO2e, and Scope 3 at around 1,320,700,000 kg CO2e. The dominant Scope 3 category was also purchased goods and services, at approximately 958,100,000 kg CO2e.

For earlier years, emissions were: 280,700,000 kg CO2e in 2018 (Scope 1: 19,500,000 kg CO2e; Scope 2: 58,500,000 kg CO2e; Scope 3: 202,700,000 kg CO2e), 179,000,000 kg CO2e in 2017 (Scope 1: 13,400,000 kg CO2e; Scope 2: 55,300,000 kg CO2e; Scope 3: 110,300,000 kg CO2e), and 179,400,000 kg CO2e in 2016 (Scope 1: 15,400,000 kg CO2e; Scope 2: 62,800,000 kg CO2e; Scope 3: 101,200,000 kg CO2e). In 2015, emissions were reported at 171,500,000 kg CO2e, covering Scope 1 (13,600,000 kg CO2e) and Scope 2 (57,300,000 kg CO2e).

Richemont International S.A. has set climate commitments. The company commits to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 46% by 2030, using 2019 as the base year. Furthermore, Richemont aims to decrease Scope 3 GHG emissions from 'purchased goods and services and business travel' by 55% per dollar EVA by 2030, also from a 2019 baseline. The company is working towards increasing its annual sourcing of renewable electricity from 64% in 2019 to 100% by 2025. A further commitment is that by 2025, 20% of its suppliers, covering purchased goods and services and upstream transportation and distribution, will have science-based targets. The targets for company operations (Scopes 1 and 2) are aligned with the reductions necessary to limit global warming to 1.5°C, as is the renewable energy procurement target for Scope 2 emissions.

This organisation's data is cascaded from its ultimate parent, Compagnie Financière Richemont SA, with Richemont International S.A. being a current subsidiary. Its climate initiatives and performance data are sourced from Compagnie Financière Richemont SA.