Fossil

Fossil's carbon emissions in 2024 were approximately 99,900,000 kg CO2e, including 900,000 kg CO2e from Scope 1 and 2 emissions, and 99,000,000 kg CO2e from Scope 3 emissions. This follows approximately 150,000,000 kg CO2e in 2023 (1,100,000 kg CO2e from Scope 1 and 2, and 148,900,000 kg CO2e from Scope 3) and approximately 200,000,000 kg CO2e in 2022 (1,200,000 kg CO2e from Scope 1 and 2, and 198,800,000 kg CO2e from Scope 3). In 2021, emissions were approximately 250,000,000 kg CO2e (1,000,000 kg CO2e from Scope 1 and 2, and 249,000,000 kg CO2e from Scope 3). For 2020, Fossil reported total emissions of approximately 186,000,000 kg CO2e, with Scope 1 emissions of 3,514,000 kg CO2e, Scope 2 emissions of 27,034,000 kg CO2e (market-based), and Scope 3 emissions of approximately 156,000,000 kg CO2e.

Fossil Group, Inc. has committed to several ambitious climate targets. They aim to achieve net-zero greenhouse gas emissions across the value chain by 2040. Their near-term Science Based Targets initiative (SBTi) commitments include reducing absolute Scope 1 and 2 GHG emissions by 85% by 2030, from a 2021 base year. Additionally, Fossil commits to reducing absolute Scope 3 GHG emissions by 45% within the same timeframe. Long-term SBTi targets include a 95% reduction in absolute Scope 1 and 2 GHG emissions by 2040 from a 2021 base year, and a 90% reduction in absolute Scope 3 GHG emissions within the same period. They also have a general goal to achieve net-zero emissions by 2050. A specific initiative to meet these targets involves a plan to achieve a 95% emission reduction by switching all tin boxes to recycled aluminium boxes by 2030, which contributes to their Scope 1 and 2 reduction goals.