Fossil

Fossil's reported carbon emissions

In 2024, Fossil Group, Inc. reported total greenhouse gas emissions of approximately 100,000,000 kg CO2e, comprising 900,000 kg CO2e from Scope 1 and 2 emissions and 99,100,000 kg CO2e from Scope 3 emissions. This reflects a decrease from 2023, where total emissions were approximately 149,900,000 kg CO2e, with Scope 1 and 2 emissions at 1,100,000 kg CO2e and Scope 3 emissions at 148,900,000 kg CO2e. Fossil Group has set ambitious climate commitments, aiming for net-zero emissions across its value chain by 2040. The company has established near-term targets to reduce absolute Scope 1 and 2 GHG emissions by 85% by 2030, using 2021 as the baseline year. Additionally, it aims to cut absolute Scope 3 emissions by 45% within the same timeframe. Long-term goals include a 95% reduction in Scope 1 and 2 emissions and a 90% reduction in Scope 3 emissions by 2040. 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 Group's commitment to sustainability is further underscored by its plans to transition to recycled materials, such as switching all tin boxes to recycled aluminium by 2030, which is expected to contribute significantly to its emission reduction goals.