Climate Change Data

The Swatch Group Ltd

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Healthy lives and well-being
  • Quality education
  • Gender equality
  • Water and sanitation
  • Affordable and clean energy
  • Decent work and economic growth
  • Sustainable industrialization
  • Sustainable consumption and production
  • Climate action
  • Life below water
  • Life on land
  • Peace, justice and strong institutions
  • Partnerships for the goals

Environmental Achievements

  • Commitment to becoming climate-neutral by 2050 (Scope 1 and 2)
  • Increase self-generated production of renewable energy
  • Continuously increasing energy efficiency of Group facilities and processes
  • Developing products with a small carbon footprint
  • Minimizing water use
  • Auditing suppliers on water management
  • Reducing the use of plastics
  • Using certified timber
  • Not using leather from protected or endangered species
  • Taking steps to reduce emissions
  • Avoiding waste
  • Using the Group’s own forests sustainably and promoting biodiversity

Social Achievements

  • Making the safety and health of employees the Group’s highest priority
  • Training specialists in-house through watchmaking schools and an extensive range of apprenticeship programs
  • Promoting employee training and education
  • Conducting regular pay reviews
  • Increasing the number of women in management roles
  • Commitment to manufacturing in Switzerland and training employees to become specialists
  • Being an attractive and responsible employer
  • Zero-tolerance approach to corruption, modern slavery and child labor
  • Compliance with international sustainability standards (RJC, Kimberley Process, etc.)
  • Safeguarding and promoting human rights and sustainability in supply chains

Governance Achievements

  • Compliance with international sustainability standards (RJC, Kimberley Process, etc.)

Climate Goals & Targets

Long-term Goals:
  • Become climate-neutral by 2050 (Scope 1 and 2)

Supply Chain Management

Responsible Procurement
  • Take into account sustainability in the supply chain
  • Use sustainable materials

Climate-Related Risks & Opportunities