Richemont Limited Sustainability Profile
Richemont Limited, officially known as Compagnie Financière Richemont SA, is a prestigious Swiss luxury goods holding company headquartered in Great Britain. Founded in 1988, Richemont has established itself as a leader in the luxury industry, with a diverse portfolio that includes renowned brands such as Cartier, Montblanc, and Dunhill. The company operates primarily in Europe, Asia, and the Americas, focusing on high-end jewellery, watches, and writing instruments. Richemont's commitment to craftsmanship and innovation sets its products apart, ensuring a unique blend of tradition and modernity. With a strong market position, Richemont has achieved notable milestones, including significant growth in e-commerce and sustainability initiatives, reinforcing its status as a key player in the luxury sector.
DitchCarbon Score
How does Richemont Limited'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 Medical Device Manufacturing 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
Richemont Limited's score of 24 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Richemont Limited's reported carbon emissions
In 2021, Richemont Limited reported total carbon emissions of approximately 1,586,200,000 kg CO2e. This figure includes Scope 1 emissions of about 13,300,000 kg CO2e, Scope 2 emissions of around 6,600,000 kg CO2e, and significant Scope 3 emissions totalling approximately 1,566,620,000 kg CO2e. The Scope 3 emissions are primarily driven by purchased goods and services, which account for about 1,272,200,000 kg CO2e. Richemont has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46% by 2030, using 2019 as the base year. Additionally, the company has pledged that by 2025, 20% of its suppliers, covering purchased goods and services and upstream transportation and distribution, will have science-based targets. These initiatives reflect Richemont's commitment to addressing its carbon footprint and contributing to global climate goals. The company is actively working towards integrating sustainability into its operations and supply chain, aligning with industry standards for climate action.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 11,300,000 | 00,000,000 |
| Scope 2 | 5,700,000 | 0,000,000 |
| Scope 3 | 1,075,400,000 | 0,000,000,000 |
How Carbon Intensive is Richemont Limited's Industry?
How Carbon Intensive is Richemont Limited's Location?
Richemont Limited's Scope 3 Categories Breakdown
Richemont Limited's Scope 3 emissions, which increased by 46% last year and increased by approximately 46% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 81% of Scope 3 emissions.
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Richemont Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Richemont Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
