Seiko Sustainability Profile
Seiko Holdings Corporation, commonly known as Seiko, is a renowned Japanese watchmaker headquartered in Tokyo, Japan. Founded in 1881, Seiko has established itself as a leader in the horology industry, celebrated for its innovative timekeeping technology and craftsmanship. The company operates primarily in Asia, Europe, and the Americas, offering a diverse range of products that include mechanical, quartz, and Spring Drive watches. Seiko is distinguished by its commitment to precision and quality, with notable achievements such as the introduction of the world's first quartz watch in 1969. This pioneering spirit has solidified Seiko's market position, making it a preferred choice among watch enthusiasts and collectors. With a rich heritage and a focus on innovation, Seiko continues to set benchmarks in the watchmaking industry, blending tradition with cutting-edge technology.
DitchCarbon Score
How does Seiko'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 Electrical Machinery 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
Seiko's score of 55 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Seiko's reported carbon emissions
In 2023, Seiko Group Corporation reported significant carbon emissions, with a total of approximately 88,434,000 kg CO2e globally. This figure includes 8,154,000 kg CO2e from Scope 1 emissions and about 88,434,000 kg CO2e from Scope 2 emissions. Notably, the company has set ambitious reduction targets, aiming for a 42% reduction in absolute Scope 1 and 2 emissions by 2030, using 2022 as the baseline year. Additionally, Seiko is committed to reducing Scope 3 emissions from purchased goods and services and the use of sold products by 25% within the same timeframe. Seiko has also pledged to achieve net-zero emissions across all scopes by 2050. This long-term commitment reflects the company's dedication to addressing climate change and aligns with industry standards for sustainability. The targets have been validated by the Science Based Targets initiative (SBTi), ensuring they are consistent with the global goal of limiting warming to 1.5°C. The emissions data is sourced directly from Seiko Group Corporation, with no cascading from a parent organization. The company continues to enhance its climate strategy, focusing on transparency and accountability in its environmental impact.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | - | - | - | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Seiko's Industry?
How Carbon Intensive is Seiko's Location?
Seiko's Scope 3 Categories Breakdown
Seiko's Scope 3 emissions, which decreased by 0% last year and increased by approximately 49% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 63% of Scope 3 emissions.
Top Scope 3 Categories
Seiko'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.
Seiko has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Seiko's sustainability data and climate commitments