Swatch Group AG

Common Name
Swatch Group
Country
Switzerland
Sector
Consumer Cyclical
Industry
Luxury Goods
Employees
31,852
Ticker
UHR
Exchange
SIX SWISS EXCHANGE
Description
The Swatch Group AG is a multinational holding company specializing in the design, manufacture, and sale of finished watches, jewelry, watch movements, and related components. As the world's largest w...

Swatch Group's Climate Target Data Preview

As of 2024, Swatch Group has disclosed 15 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 15 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Swatch Group ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 1 - Stationary Combustion
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 2 - Electricity
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 1 - Mobile Combustion
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 1 - Fugitive
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 1 - Process
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2040
Absolute-based Target
Scope 2 - Electricity
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2040
Absolute-based Target
Scope 1 - Process, Scope 1 - Fugitive
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2040
Absolute-based Target
Scope 1 - Stationary Combustion
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2040
Absolute-based Target
Scope 2 - Heat
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2040
Absolute-based Target
Scope 1 - Mobile Combustion
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2040
Absolute-based Target
Scope 1 - Process, Scope 1 - Fugitive
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2050
Absolute-based Target
Scope 2 - Electricity
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2050
Absolute-based Target
Scope 2 - Heat
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2050

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Insights into Swatch Group's Greenhouse Gas Emissions Pathways

As of 2024, Swatch Group has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a

Does Swatch Group have a target to reduce the emissions from its operations?

As of 2024, Swatch Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Swatch Group's most ambitious operational target is to reduce these emissions by 100% by 2040, compared to a baseline of 14,910 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021. a

As of 2024, Swatch Group is ahead of schedule on its operational emissions reduction target, having achieved 26.57% of the planned reduction. a

Swatch Group's Operational (Scope 1+2) Emissions Pathway

202120242030204004 k8 k12 k16 kBaselineCurrent (-27%)Target 2040 (-100%)
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