Watches of Switzerland Group PLC

Common Name
Watches of Switzerland Group
Country
United Kingdom
Sector
Consumer Cyclical
Industry
Luxury Goods
Employees
3,000
Ticker
WOSG
Exchange
LONDON STOCK EXCHANGE
Description
Watches of Switzerland Group Ltd. operates as a prominent retail company specializing in luxury watches and jewelry. Its primary function is to curate, market, and distribute high-end timepieces throu...

Watches of Switzerland Group's Climate Target Data Preview

As of 2023, Watches of Switzerland Group has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 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 Watches of Switzerland 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)
Copy restricted. Please purchase to unlock this data.
a
2030
Absolute-based Target
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
Copy restricted. Please purchase to unlock this data.
a
2030
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Verified Sources Behind Watches of Switzerland Group’s Climate Targets Data

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a. Watches of Switzerland Group's Annual Report 2023
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Insights into Watches of Switzerland Group's Greenhouse Gas Emissions Pathways

As of 2023, Watches of Switzerland Group has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a

Does Watches of Switzerland Group have a target to reduce the emissions from its operations?

As of 2023, Watches of Switzerland Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Watches of Switzerland Group's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 4,128 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020. a

As of 2023, Watches of Switzerland Group is lagging behind on its operational emissions reduction target, having achieved 12.6% of the planned reduction. a

Watches of Switzerland Group's Operational (Scope 1+2) Emissions Pathway

20202023203001.5 k3 k4.5 k6 kCurrent (-6%)Target 2030 (-50%)

Does Watches of Switzerland Group have a target to reduce the emissions from its value chain?

As of 2023, Watches of Switzerland Group has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

Watches of Switzerland Group's most ambitious value chain target is to reduce these emissions by 42% by 2030, compared to a baseline of 111,582 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020. a

Instead of reducing value chain emissions, Watches of Switzerland Group has increased them, with 2023 levels exceeding those of the 2020 baseline, placing the company well behind its reduction target. a

Watches of Switzerland Group's Value Chain (Scope 3) Emissions Pathway

202020232030050 k100 k150 k200 kBaselineCurrent (+69%)Target 2030 (-42%)
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