Swatch

Swatch's reported carbon emissions

**Swatch Carbon Emissions and Climate Commitments** Swatch, headquartered in CH, reported a total of approximately 1.26 billion kg CO2e for its 2024 financial year. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. For the 2024 reporting year, Swatch's breakdown includes: * **Scope 1:** Approximately 17 million kg CO2e. * **Scope 2 (Market-based):** Approximately 26 million kg CO2e. * **Scope 3:** Approximately 1.22 billion kg CO2e, with purchased goods and services being the largest contributor at about 728 million kg CO2e. In the previous year, 2023, Swatch's total emissions were approximately 1.38 billion kg CO2e, with Scope 3 emissions accounting for the vast majority at about 1.33 billion kg CO2e. Scope 1 and 2 emissions for 2023 were approximately 52 million kg CO2e (market-based). **Key Climate Commitments and Targets:** Swatch has established several reduction targets, primarily focused on stationary emissions and electricity consumption: * **Stationary Emissions:** Swatch aims to reduce stationary emissions by 35% by 2030 and achieve net-zero by 2040. This target is based on a 2021 baseline. * **Electricity Emissions:** The company has a near-term target to reduce emissions from electricity consumption by 50% by 2030. Longer-term goals include a 5% reduction by 2040 and net-zero by 2050. These electricity targets are also measured against a 2021 baseline. The company's disclosures are sourced from "The Swatch Group AG", with no indication of data cascading from a parent organisation. Swatch's reporting for the 2024 financial year indicates that their emissions data and reduction targets are publicly available, with some data points being sourced from their Sustainability Report (SR24 and SR23).