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 31 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Swatch's reported carbon emissions
In 2023, Swatch reported total carbon emissions of approximately 1,148,978,000 kg CO2e, with Scope 1 emissions accounting for about 17,931,000 kg CO2e and Scope 2 emissions at approximately 34,047,000 kg CO2e. The company also disclosed significant Scope 3 emissions, totalling around 1,097,000,000 kg CO2e, which includes categories such as purchased goods and services, employee commute, and business travel. Comparatively, in 2022, Swatch's total emissions were also about 1,148,978,000 kg CO2e, with Scope 1 emissions at approximately 20,422,000 kg CO2e and Scope 3 emissions reaching around 1,097,000,000 kg CO2e. This indicates a stable emission level over the two years, despite fluctuations in Scope 1 emissions. Swatch has not publicly committed to specific reduction targets or initiatives, nor have they aligned with the Science Based Targets initiative (SBTi) for emissions reduction. The absence of documented reduction targets suggests that while the company is aware of its carbon footprint, it may not have formalised strategies for significant emissions reductions at this time. Overall, Swatch's emissions data highlights the importance of addressing both direct and indirect emissions as part of their climate commitments, particularly given the substantial contribution of Scope 3 emissions to their overall carbon footprint.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 18,991,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 00,000,000 | - | 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 committed to any reduction initiatives 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.
