Richemont Limited
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 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 13 is lower than 100% 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 1,586,180,000 kg CO2e, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 13,344,000 kg CO2e, while Scope 2 emissions totalled around 6,644,000 kg CO2e. The majority of emissions came from Scope 3, amounting to approximately 1,566,180,000 kg CO2e, which includes categories such as purchased goods and services (1,272,200 kg CO2e) and upstream transportation and distribution (150,800 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 baseline year. Additionally, the company is committed to ensuring that 20% of its suppliers, covering purchased goods and services and upstream transportation and distribution, will have science-based targets by 2025. These initiatives reflect Richemont's dedication to addressing its carbon footprint and contributing to global climate goals.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 11,287,000 | 00,000,000 |
| Scope 2 | 6,364,000 | 0,000,000 |
| Scope 3 | 1,092,364,000 | 0,000,000,000 |
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.
Richemont Limited 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.
