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 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Watches of Switzerland's reported carbon emissions
In 2023, Watches of Switzerland reported total carbon emissions of approximately 192,240,000 kg CO2e, with emissions distributed across various scopes: 259,000 kg CO2e from Scope 1, 3,607,000 kg CO2e from Scope 2, and a significant 188,374,000 kg CO2e from Scope 3. This data highlights the company's substantial carbon footprint, particularly in Scope 3, which encompasses emissions from the supply chain and product use. Watches of Switzerland has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 50% by FY2030, using FY2020 as a baseline. Additionally, the company targets a 42% reduction in absolute Scope 3 emissions within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to global efforts to limit warming to 1.5°C. The company's emissions intensity ratios indicate a focus on improving efficiency, with metrics such as emissions per unit of revenue and per square foot of operational space being monitored. As Watches of Switzerland progresses towards these targets, it demonstrates a commitment to sustainability and reducing its environmental impact in the luxury retail sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 328,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 3,800,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 221,527,000 | 000,000,000 | 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 committed to some reduction initiatives 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.
