Watches of Switzerland
Watches of Switzerland Group plc, commonly referred to as Watches of Switzerland, is a leading luxury watch retailer headquartered in Great Britain. Established in 1924, the company has grown to become a prominent player in the high-end watch industry, with a strong presence across the UK, the US, and Europe. Specialising in the sale of prestigious timepieces from renowned brands such as Rolex, Patek Philippe, and Omega, Watches of Switzerland is celebrated for its exceptional customer service and expertise. The company has achieved significant milestones, including its listing on the London Stock Exchange, which underscores its market position as a trusted authority in luxury horology. With a commitment to quality and authenticity, Watches of Switzerland continues to set itself apart through exclusive collections and bespoke services, solidifying its reputation as a premier destination for watch enthusiasts and collectors alike.
DitchCarbon Score
How does Watches of Switzerland's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Watches of Switzerland's score of 58 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Watches of Switzerland's reported carbon emissions
In 2024, Watches of Switzerland reported total carbon emissions of approximately 168,241,000 kg CO2e, with 4,233,000 kg CO2e attributed to Scope 1 and 2 emissions, and 163,938,000 kg CO2e from Scope 3 emissions. This represents a slight decrease from 2023, where total emissions were about 173,298,000 kg CO2e, with Scope 1 and 2 emissions at 3,866,000 kg CO2e and Scope 3 emissions at 169,698,000 kg CO2e. The company has set ambitious climate commitments, aiming for a 50% absolute reduction in Scope 1 and 2 emissions by 2030, using a fiscal year 2020 baseline. Additionally, they target a 42% reduction in Scope 3 emissions within the same timeframe. Furthermore, Watches of Switzerland is committed to achieving net-zero greenhouse gas emissions by 2050, demonstrating a long-term commitment to climate resilience and sustainability. These targets align with the Science Based Targets initiative (SBTi) and are consistent with the reductions required to limit global warming to 1.5°C, reflecting the company's proactive approach to addressing climate change within the retail sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 328,000 | 000,000 | - | - | - |
| Scope 2 | 3,800,000 | 0,000,000 | - | - | - |
| Scope 3 | 221,527,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Watches of Switzerland is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
