Swatch

Swatch, headquartered in CH and operating within the fabricated metal products, except machinery and equipment (28) industry, reported a total of approximately 1.26 billion kg CO2e for the 2024 reporting year. This figure encompasses Scope 1, 2, and 3 emissions.

For the 2024 reporting period, Swatch's Scope 1 emissions amounted to approximately 17 million kg CO2e, with stationary combustion being the largest contributor at about 10.9 million kg CO2e. Scope 2 emissions, under the market-based approach, totalled approximately 26 million kg CO2e, with purchased electricity accounting for the majority. Scope 3 emissions were substantial, reaching approximately 1.22 billion kg CO2e. The most significant Scope 3 categories include purchased goods and services (about 728 million kg CO2e), upstream transportation and distribution (about 107 million kg CO2e), and capital goods (about 201 million kg CO2e).

In the previous year, 2023, Swatch's total emissions were approximately 1.38 billion kg CO2e, primarily driven by Scope 3 emissions of about 1.33 billion kg CO2e. Scope 1 and 2 emissions (market-based) for 2023 were approximately 52 million kg CO2e.

Swatch has set forth climate commitments focused on emissions reductions. These include a long-term target to reduce stationary emissions to zero by 2040, with an intermediate goal of reducing them by 35% by 2030, based on 2021 levels. For Scope 2 emissions from electricity, the company aims for a 50% reduction by 2030, a 5% reduction by 2040, and net zero by 2050, also from a 2021 baseline. These targets are outlined in their sustainability reports, with specific details found in documents such as the Swatch Group SR24 report.