Watches of Switzerland Sustainability Profile
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 72 is higher than 83% 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 2023, Watches of Switzerland reported total greenhouse gas emissions of approximately 1,922,400 kg CO2e, which includes 259,000 kg CO2e from Scope 1, 3,607,000 kg CO2e from Scope 2, and 188,374,000 kg CO2e from Scope 3 emissions. The company 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, Watches of Switzerland is committed to achieving Net Zero emissions by 2050, reflecting a long-term dedication to sustainability. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to meet the requirements of limiting global warming to 1.5°C. The emissions data is sourced directly from Watches of Switzerland Group PLC, with no cascaded data from parent organizations.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 | 000,000 | - |
| Scope 2 | - | 0,000,000 | 0,000,000 | 0,000,000 | - |
| Scope 3 | 100,899,000 | - | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Watches of Switzerland's Industry?
How Carbon Intensive is Watches of Switzerland's Location?
Watches of Switzerland's Scope 3 Categories Breakdown
Watches of Switzerland's Scope 3 emissions, which decreased by 13% last year and increased by approximately 62% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
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Watches of Switzerland's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Watches of Switzerland has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Watches of Switzerland's sustainability data and climate commitments