Swatch
Swatch Group, a renowned Swiss watchmaker, is headquartered in Biel/Bienne, Switzerland (CH). Founded in 1983, the company revolutionised the watch industry with its innovative and affordable timepieces, becoming a key player in the global market. Swatch is primarily engaged in the design, manufacturing, and marketing of watches and jewellery, with a focus on combining artistic flair with cutting-edge technology. The brand is celebrated for its unique plastic watches, which offer vibrant designs and exceptional durability, appealing to a diverse audience. Swatch has achieved significant milestones, including the introduction of the Swatch Art Special series, showcasing collaborations with contemporary artists. With a strong market position, Swatch continues to lead in the fashion watch segment, consistently pushing the boundaries of creativity and craftsmanship.
DitchCarbon Score
How does Swatch'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 Metal Fabrication 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
Swatch's score of 52 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Swatch's reported carbon emissions
In 2024, Swatch reported total carbon emissions of approximately 1,261,054,000 kg CO2e. This figure includes Scope 1 emissions of about 17,002,000 kg CO2e, primarily from stationary and mobile combustion, and Scope 2 emissions of approximately 26,052,000 kg CO2e, mainly from purchased electricity. The majority of their emissions, around 1,218,000,000 kg CO2e, fall under Scope 3, which encompasses a wide range of activities including purchased goods and services, business travel, and upstream transportation. In comparison, the 2023 emissions were about 1,384,978,000 kg CO2e, with Scope 3 emissions accounting for approximately 1,333,000,000 kg CO2e. This indicates a slight reduction in total emissions from 2023 to 2024. Swatch has set ambitious climate commitments, aiming to reduce stationary emissions (Scope 1) by 65% by 2030 and to achieve net-zero emissions by 2040. Additionally, they plan to cut emissions from electricity (Scope 2) by 50% by 2030, 95% by 2040, and reach zero by 2050. These targets reflect Swatch's commitment to sustainability and reducing their overall carbon footprint in alignment with industry standards.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 20,422,000 | - | - | 00,000,000 |
| Scope 2 | 34,963,000 | - | - | 00,000,000 |
| Scope 3 | - | - | 0,000,000,000 | 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.
Swatch 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.
