Watches of Switzerland

Watches of Switzerland's reported carbon emissions

Watches of Switzerland Group PLC, based in GB and operating in the Electrical machinery and apparatus n.e.c. (31) industry, has established a comprehensive climate strategy. For fiscal year 2023, the company reported a total of **approximately 192,240,000 kg CO2e** in emissions. This figure includes Scope 1 emissions of **approximately 259,000 kg CO2e**, Scope 2 emissions of **approximately 3,607,000 kg CO2e**, and Scope 3 emissions totalling **approximately 188,374,000 kg CO2e**. Key contributors to their Scope 3 emissions include purchased goods and services, accounting for **approximately 143,070,000 kg CO2e**, and capital goods, contributing **approximately 34,440,000 kg CO2e**. Looking at fiscal year 2022, total emissions were **approximately 170,561,000 kg CO2e**, comprising Scope 1 emissions of **approximately 346,000 kg CO2e**, Scope 2 emissions of **approximately 3,252,000 kg CO2e**, and Scope 3 emissions of **approximately 166,963,000 kg CO2e**. In fiscal year 2021, Watches of Switzerland disclosed Scope 1 emissions of **approximately 332,000 kg CO2e** and Scope 2 emissions of **approximately 2,976,000 kg CO2e**, totalling approximately **3,307,000 kg CO2e** for these scopes. For fiscal year 2020, reported emissions include Scope 1 and 2 emissions of **approximately 4,128,000 kg CO2e** and Scope 3 emissions of **approximately 100,899,000 kg CO2e**. In 2024, the company reported Scope 3 emissions of **approximately 163,937,000 kg CO2e** for purchased goods and services, and Scope 1 and 2 emissions of **approximately 4,233,000 kg CO2e**. Watches of Switzerland is committed to ambitious emission reduction targets, aligned with the Paris Climate Agreement and the Science Based Targets initiative (SBTi). They have set near-term Science Based Targets (SBTs) to achieve a **50% absolute reduction in Scope 1 and 2 emissions by 2030**, using a FY2020 baseline. Additionally, they aim for a **42% absolute reduction in Scope 3 emissions by 2030** from the same baseline. Looking further ahead, the company has set a long-term goal to reach **Net Zero emissions by 2050**. More recent data indicates a commitment to reduce absolute Scope 1 GHG emissions by **42.0% by FY2030** from a FY2024 base year, and absolute Scope 3 GHG emissions by **42.0% by FY2030** from the same baseline. They also commit to achieving **net-zero greenhouse gas emissions across the value chain by FY2050**. Further long-term targets include a **90.0% reduction in absolute Scope 1 GHG emissions by FY2050** and a **90.0% reduction in absolute Scope 3 GHG emissions by FY2050**, both from a FY2024 base year. Their strategy also includes increasing the active sourcing of renewable electricity to **100% by FY2025** and maintaining this through FY2050.