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Swatch Group Ltd, commonly known as Swatch, is a prominent player in the fabricated metal products industry, specifically focusing on the design and manufacture of watches and related accessories. Headquartered in Biel/Bienne, Switzerland (CH), Swatch has established a significant presence in major markets across Europe, Asia, and the Americas since its founding in 1983.
Renowned for its innovative approach to watchmaking, Swatch combines artistic design with advanced technology, offering a diverse range of timepieces that stand out for their affordability and style. The company has achieved notable milestones, including the introduction of the Swatch watch, which revolutionised the industry with its unique plastic design and vibrant colours. As a leader in the global watch market, Swatch continues to set trends while maintaining a commitment to quality and sustainability.
31
DitchCarbon score
+14 vs industry average
Swatch’s score of 31 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Metal Fabrication is among the most carbon-intensive industries
Industry performance
0.523
20182025
The Metal Fabrication industry has reduced its overall emissions by 40% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Swatch's reported carbon emissions
Swatch, a Swiss-based fabricated metal products manufacturer, reported total carbon emissions of approximately 1.26 billion kg CO2e in 2024. This figure includes Scope 1, 2, and 3 emissions.
Delving deeper into the 2024 emissions:
- Scope 1 emissions, directly from owned or controlled sources, were around 17 million kg CO2e. This comprised approximately 3.3 million kg CO2e from mobile combustion, 2.75 million kg CO2e from process emissions, and 10.95 million kg CO2e from stationary combustion.
- Market-based Scope 2 emissions, from purchased electricity and heat, totalled about 26.05 million kg CO2e. Location-based Scope 2 emissions were approximately 44.49 million kg CO2e, with purchased electricity accounting for around 24.36 million kg CO2e and purchased heat for 1.7 million kg CO2e.
- Scope 3 emissions, from the value chain, were the most significant, reaching approximately 1.22 billion kg CO2e. Key contributors included purchased goods and services (around 728 million kg CO2e), capital goods (approximately 201 million kg CO2e), and upstream transportation and distribution (around 107 million kg CO2e). Other notable Scope 3 categories included business travel (approximately 50 million kg CO2e) and employee commuting (approximately 57 million kg CO2e).
In 2023, Swatch's Scope 3 emissions were approximately 1.33 billion kg CO2e, with market-based Scope 1 and 2 emissions at about 51.98 million kg CO2e. In 2022, market-based Scope 1 and 2 emissions were approximately 52.07 million kg CO2e. For 2021, Scope 1 emissions were approximately 20.42 million kg CO2e, and market-based Scope 2 emissions were around 34.96 million kg CO2e.
Swatch has set several reduction targets. The company aims to reduce stationary Scope 1 emissions by 65% by 2030, with a long-term goal of achieving net-zero stationary emissions by 2040. For Scope 2 emissions, the target is a 50% reduction in electricity-related emissions by 2030, a 95% reduction by 2040, and net-zero by 2050. These commitments demonstrate Swatch's dedication to decarbonising its operations.
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Swatch’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
14 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Swatch7 days ago
31
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