Watches of Switzerland
Watches of Switzerland Group plc, commonly referred to as Watches of Switzerland, is a leading luxury watch retailer headquartered in Great Britain. Established in 1924, the company has grown to become a prominent player in the high-end watch industry, with a strong presence across the UK, the US, and Europe. Specialising in the sale of prestigious timepieces from renowned brands such as Rolex, Patek Philippe, and Omega, Watches of Switzerland is celebrated for its exceptional customer service and expertise. The company has achieved significant milestones, including its listing on the London Stock Exchange, which underscores its market position as a trusted authority in luxury horology. With a commitment to quality and authenticity, Watches of Switzerland continues to set itself apart through exclusive collections and bespoke services, solidifying its reputation as a premier destination for watch enthusiasts and collectors alike.
DitchCarbon Score
How does Watches of Switzerland'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 Electrical Machinery Manufacturing 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
Watches of Switzerland's score of 44 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Watches of Switzerland's reported carbon emissions
In 2022, Watches of Switzerland reported significant carbon emissions, with total emissions of approximately 356,292,000 kg CO2e globally. This includes 346,000 kg CO2e from Scope 1, 3,252,000 kg CO2e from Scope 2, and a substantial 356,292,000 kg CO2e from Scope 3 emissions. In the UK specifically, the company emitted about 242,650,000 kg CO2e, comprising 263,000 kg CO2e from Scope 1, 1,611,000 kg CO2e from Scope 2, and 242,650,000 kg CO2e from Scope 3. Watches of Switzerland has set ambitious climate commitments, aiming for a 50% absolute reduction in Scope 1 and 2 emissions and a 42% reduction in Scope 3 emissions by 2030, using a fiscal year 2020 baseline. Additionally, the company has committed to achieving Net Zero emissions by 2050. These targets align with the Science Based Targets initiative (SBTi) and are designed to meet the requirements of limiting global warming to 1.5°C. The company's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported by Watches of Switzerland Group PLC.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 328,000 | 000,000 | 000,000 |
| Scope 2 | 3,800,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 221,527,000 | 000,000,000 | 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.
Watches of Switzerland is participating in some of the initiatives that 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.
