Swatch

In 2024, Swatch reported total carbon emissions of approximately 1,261,054 tonnes CO2e. This figure includes 17,002 tonnes CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 26,052 tonnes CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, about 1,218,000 tonnes CO2e, fall under Scope 3, which includes emissions from the entire value chain, such as purchased goods and services, business travel, and employee commuting. Swatch has set ambitious reduction targets to address its carbon footprint. The company aims to reduce stationary emissions (Scope 1) by 65% by 2030, targeting a reduction to 35% of current levels, and to achieve net-zero emissions by 2040. For Scope 2 emissions, Swatch plans to cut emissions from electricity consumption by 50% by 2030, aiming for just 5% by 2040 and ultimately reaching zero by 2050. In 2023, Swatch's total emissions were approximately 1,384,978 tonnes CO2e, with Scope 1 emissions at 17,931 tonnes CO2e and Scope 2 emissions at 34,047 tonnes CO2e. The company has demonstrated a commitment to transparency by disclosing emissions data across all relevant scopes, which is crucial for tracking progress towards their climate goals. Overall, Swatch's proactive approach to reducing carbon emissions reflects its dedication to sustainability and climate responsibility, aligning with industry standards and expectations.