Fossil Sustainability Profile
Fossil Group, Inc., commonly known as Fossil, is a prominent American lifestyle brand headquartered in Richardson, Texas. Founded in 1984, the company has established itself in the fashion accessories industry, specialising in watches, handbags, and other leather goods. With a commitment to innovation, Fossil has successfully integrated technology into its products, notably through its smartwatches and hybrid timepieces. Over the years, Fossil has achieved significant milestones, including collaborations with renowned fashion labels and the expansion of its global presence across North America, Europe, and Asia. The brand is celebrated for its unique blend of vintage-inspired designs and modern functionality, positioning itself as a leader in the competitive accessories market. Fossil's dedication to quality craftsmanship and stylish aesthetics continues to resonate with consumers worldwide.
DitchCarbon Score
How does Fossil'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 Medical Device 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
Fossil's score of 56 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fossil's reported carbon emissions
In 2022, Fossil Group, Inc. reported total greenhouse gas emissions of approximately 77,700 kg CO2e for Scope 1, 8,207,000 kg CO2e for Scope 2 (market-based), and a significant 166,373,000 kg CO2e for Scope 3 emissions. This data reflects a comprehensive approach to emissions reporting, covering all three scopes. Fossil has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2040. Specifically, they target a reduction of absolute Scope 1 and Scope 2 emissions by 95% from a 2021 baseline by 2040, and a 90% reduction in Scope 3 emissions within the same timeframe. Near-term goals include an 85% reduction in Scope 1 and Scope 2 emissions by 2030, alongside a 45% reduction in Scope 3 emissions. These targets align with the Science Based Targets initiative (SBTi) and are designed to meet the requirements for limiting global warming to 1.5°C. Fossil's commitment to sustainability is further demonstrated by their plan to switch all tin boxes to recycled aluminium boxes by 2030, which is expected to contribute significantly to their emissions reduction strategy. Fossil Group's headquarters is located in the United States, and their emissions data is not cascaded from any parent organization, indicating that these figures are independently reported.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 3,514,000 | 000,000 | 000,000 |
| Scope 2 | 27,034,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 205,136,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Fossil's Industry?
How Carbon Intensive is Fossil's Location?
Fossil's Scope 3 Categories Breakdown
Fossil's Scope 3 emissions, which decreased by 15% last year and increased by approximately 6% 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" being the largest emissions source at 77% of Scope 3 emissions.
Top Scope 3 Categories
Fossil'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.
Fossil 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 Fossil's sustainability data and climate commitments