Richemont North America, Inc. Sustainability Profile
Richemont North America, Inc., a subsidiary of the Swiss luxury goods conglomerate Compagnie Financière Richemont SA, is headquartered in the United States. Established in 1988, the company has become a prominent player in the luxury retail industry, focusing on high-end jewellery, watches, and accessories. With major operational regions across North America, Richemont North America is renowned for its prestigious brands, including Cartier, Montblanc, and Van Cleef & Arpels. The company is distinguished by its commitment to craftsmanship and innovation, offering unique products that blend tradition with modernity. Richemont North America has achieved significant market position, consistently ranking among the top luxury goods companies globally. Its dedication to quality and exclusivity has solidified its reputation as a leader in the luxury sector, making it a key player in the competitive landscape of high-end retail.
DitchCarbon Score
How does Richemont North America, Inc.'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
Richemont North America, Inc.'s score of 62 is higher than 78% 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 North America, Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Compagnie Financière Richemont SA, which may influence its climate commitments and reporting practices. While no specific reduction targets or achievements are available for Richemont North America, it inherits climate initiatives from its parent company, Compagnie Financière Richemont SA. This includes participation in the Science Based Targets initiative (SBTi), the Carbon Disclosure Project (CDP), and the RE100 initiative, all of which are cascaded down to the subsidiary level. These initiatives reflect a commitment to sustainability and reducing carbon footprints within the luxury goods sector. As a subsidiary, Richemont North America aligns with the broader climate strategies set forth by Compagnie Financière Richemont SA, which may include ambitious targets for emissions reductions and sustainable practices. However, specific details on these targets or the overall emissions performance of the subsidiary remain unspecified.
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| 2011 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 15,900,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 54,800,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 213,500,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Richemont North America, Inc.'s Industry?
How Carbon Intensive is Richemont North America, Inc.'s Location?
Richemont North America, Inc.'s Scope 3 Categories Breakdown
Richemont North America, Inc.'s Scope 3 emissions, which increased by 6% last year and increased by approximately 710% since 2011, 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 72% of Scope 3 emissions.
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Richemont North America, Inc.'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 North America, Inc. 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.
