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Watches of Switzerland Group PLC
Watches of Switzerland Group's GHG Emissions Data Preview
In 2024, Watches of Switzerland 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).
Watches of Switzerland Group has also provided a category-level breakdown for 9 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.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Location-Based | 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. | 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. | 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.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
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aVerified Sources Behind Watches of Switzerland Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into Watches of Switzerland Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofWatches of Switzerland Group amounted to4,233metric 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 Watches of Switzerland Groupincreased by 9.49%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Watches of Switzerland Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Watches of Switzerland Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Watches of Switzerland Group were 235 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Watches of Switzerland Group reduced its Scope 1 emissions over time?
Since 2020, Watches of Switzerland Group's Scope 1 emissions have decreased by 28.35%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Watches of Switzerland Group's Scope 1 emissions decreased by 9.27%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Watches of Switzerland Group's Scope 2 emissions?
In 2024, Watches of Switzerland Group reported Scope 2 greenhouse gas (GHG) emissions of 3,998 tCOâ‚‚e using the location-based method.a
Has Watches of Switzerland Group reduced its Scope 2 emissions over time?
Since 2020, Watches of Switzerland Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have remained relatively stable, indicating that Watches of Switzerland Group's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year(2023), Watches of Switzerland Group's Scope 2 emissions(Location-Based) rose by 10.84% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does Watches of Switzerland Group use for Scope 2 reporting?
In 2024, Watches of Switzerland Group reported its Scope 2 emissions using the location-based method.a
Watches of Switzerland Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into Watches of Switzerland Group's Value Chain Emissions
In 2024, Watches of Switzerland Group reported 163,938 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 Watches of Switzerland Group includes a breakdown across 9of 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
Watches of Switzerland Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Watches of Switzerland Group's Scope 3 emissions?
In 2024, Watches of Switzerland Group reported total Scope 3 emissions of 163,938 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 99.91%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.09%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Watches of Switzerland Group reduced its Scope 3 emissions over time?
Since 2020, Watches of Switzerland Group's Scope 3 emissionshave increased by 62.48%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Watches of Switzerland Group's Scope 3 emissions remained relatively stable, indicating that Watches of Switzerland Group's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Watches of Switzerland Group disclose?
In 2024, Watches of Switzerland Group reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Watches of Switzerland Group's Scope 3 emissions?
In 2024, the largest contributors to Watches of Switzerland Group's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 129,126 tCOâ‚‚e(78.77%)
- Capital Goods (Cat. 2): 26,692 tCOâ‚‚e(16.28%)
- Employee Commuting (Cat. 7): 2,803 tCOâ‚‚e(1.71%)
Watches of Switzerland Group's Scope 3 Emissions by Categories
Insights into Watches of Switzerland Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Watches of Switzerland Group reported Scope 1 greenhouse gas (GHG) emissions of 235 tCOâ‚‚e and total revenues of USD 1,931 millions. This translates into an emissions intensity of 0.12 tCOâ‚‚e per millions USD.a
Watches of Switzerland Group's Scope 1 Emissions Intensity Compared to Peers
How does Watches of Switzerland Group's GHG emissions intensity compare to its peers?
In 2024, Watches of Switzerland Group reported a Scope 1 emissions intensity of 0.12 tCOâ‚‚e per millions USD. Compared to the peer group median of 5.42, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Watches of Switzerland Group rank on GHG emissions intensity within its industry?
In 2024, Watches of Switzerland Group ranked 1 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Watches of Switzerland Group among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into Watches of Switzerland Group's Total Carbon Footprint
In 2024, Watches of Switzerland Group reported a total carbon footprint of 168,171 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.11% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Watches of Switzerland Group's total carbon footprint was Scope 3 emissions, accounting for 97.48% of the company's total carbon footprint, followed by Scope 2 emissions at 2.38%.a