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Swatch Group AG
Swatch Group's GHG Emissions Data Preview
In 2024, Swatch Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Swatch Group has also provided a category-level breakdown for 14 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
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aVerified Sources Behind Swatch Group’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Swatch Group’s data sources below and access millions more through our Disclosure Search.
Insights into Swatch Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofSwatch Group amounted to61,789metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Swatch Groupincreased by 25.56%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
Swatch Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Swatch Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Swatch Group were 17,002 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Swatch Group reduced its Scope 1 emissions over time?
Since 2019, Swatch Group's Scope 1 emissions have decreased by 10.47%, reflecting a declining long-term trend in Scope 1 emissions over time.ad
Compared to the previous year(2023), Swatch Group's Scope 1 emissions decreased by 5.18%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
What are Swatch Group's Scope 2 emissions?
In 2024, Swatch Group reported Scope 2 greenhouse gas (GHG) emissions of 26,052 tCOâ‚‚e using the market-based method and 44,787 tCOâ‚‚e using the location-based method.a
Has Swatch Group reduced its Scope 2 emissions over time?
Compared to the previous year(2023), Swatch Group's Scope 2 emissions(Location-Based) rose by 43.18% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
What methodology does Swatch Group use for Scope 2 reporting?
In 2024, Swatch Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
Swatch Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Swatch Group's Value Chain Emissions
In 2024, Swatch Group reported 1,218,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Swatch Group includes a breakdown across 14of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Swatch Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Swatch Group's Scope 3 emissions?
In 2024, Swatch Group reported total Scope 3 emissions of 1,218,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 96.96%of these emissions originated from upstream activities such as purchased goods and capital goods, while 3.04%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Swatch Group's Scope 3 emissions remained relatively stable, indicating that Swatch Group's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Swatch Group disclose?
In 2024, Swatch Group reported emissions for 14 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Swatch Group's Scope 3 emissions?
In 2024, the largest contributors to Swatch Group's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 728,000 tCOâ‚‚e(59.77%)
- Capital Goods (Cat. 2): 201,000 tCOâ‚‚e(16.5%)
- Upstream Transportation and Distribution (Cat. 4): 107,000 tCOâ‚‚e(8.78%)
Swatch Group's Scope 3 Emissions by Categories
Insights into Swatch Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Swatch Group reported Scope 1 greenhouse gas (GHG) emissions of 17,002 tCOâ‚‚e and total revenues of USD 7,437 millions. This translates into an emissions intensity of 2.29 tCOâ‚‚e per millions USD.a
Swatch Group's Scope 1 Emissions Intensity Compared to Peers
How does Swatch Group's GHG emissions intensity compare to its peers?
In 2024, Swatch Group reported a Scope 1 emissions intensity of 2.29 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.76, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Swatch Group rank on GHG emissions intensity within its industry?
In 2024, Swatch Group ranked 21 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Swatch Group among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into Swatch Group's Total Carbon Footprint
In 2024, Swatch Group reported a total carbon footprint of 1,279,789 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.41% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Swatch Group's total carbon footprint was Scope 3 emissions, accounting for 95.17% of the company's total carbon footprint, followed by Scope 2 emissions at 3.5%.a