Watches of Switzerland

Watches of Switzerland, a GB-based company in the Electrical machinery and apparatus n.e.c. industry, reported total global greenhouse gas emissions of approximately 265,631,000 kg CO2e in 2026. This included about 460,000 kg CO2e from Scope 1 emissions, approximately 3,803,000 kg CO2e from Scope 2 (location-based), and around 265,171,000 kg CO2e from Scope 3 emissions. A significant portion of Scope 3 emissions came from purchased goods and services, totalling approximately 231,897,000 kg CO2e.

Looking back, the company's total emissions were approximately 232,582,000 kg CO2e in 2025 and 238,779,000 kg CO2e in 2024. In 2023, total emissions were about 192,240,000 kg CO2e, with Scope 1 at approximately 259,000 kg CO2e, Scope 2 (location-based) at about 3,607,000 kg CO2e, and Scope 3 at around 188,374,000 kg CO2e.

Watches of Switzerland has set ambitious climate commitments, with its Science Based Targets initiative (SBTi) validated targets aiming for a 1.5°C trajectory. The company commits to achieving net-zero greenhouse gas emissions across its value chain by FY2050.

Near-term targets include:

• A 42% absolute reduction in Scope 1 GHG emissions by FY2030 from a FY2024 base year.
• Sourcing 100% renewable electricity by 2025 and maintaining this through 2030.
• A 42% absolute reduction in Scope 3 GHG emissions by FY2030 from a FY2024 base year.

Long-term targets include:

• A 90% absolute reduction in Scope 1 GHG emissions by FY2050 from a FY2024 base year.
• Continuing to source 100% renewable electricity from FY2030 through FY2050.
• A 90% absolute reduction in Scope 3 GHG emissions by FY2050 from a FY2024 base year.

Previous SBTi commitments, set against a FY2020 baseline, included a 50% absolute reduction in Scope 1 and 2 GHG emissions and a 42% absolute reduction in Scope 3 emissions by FY2030.