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