The Watches of Switzerland Group
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Environment

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Protecting our planet is part of our company Purpose and embedded in our decision-making processes.

As part of our continual improvement and in acknowledgement of the serious risks posed by climate change, we continue to strengthen our governance mechanisms to address climate-related risks and opportunities as a top business priority.

The Group is committed to building climate resilience and achieving net-zero GHG emissions by 2050.  We are taking action to reduce our emissions in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement and pursue efforts to limit warming to 1.5°C.

Our near-term emission targets have been verified by the Science Based Targets initiative (SBTi), which is a global body and collaboration between CDP, the UN Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

Repairs 2

We are supporting a more circular economy by keeping more watches and jewellery at their highest use and value for as long as possible through our repairs and pre-owned businesses.

100%
of UK properties within our control are powered by renewable energy sources, certified by Renewable Energy Guarantees of Origin (REGOs)

Our emissions reduction targets

"We welcome the Watches of Switzerland Group’s science-based targets consistent with limiting warming to 1.5°C. The ambition of the Watches of Switzerland Group’s targets is aligned with the need for the global economy to rapidly cut emissions. This company is setting an example for the rest of its industry, and I urge others in its sector to set their own targets too."

Luiz Amaral Chief Executive Officer Science Based Targets initiative, March 2023

 

We are driving continuous improvement in carbon reduction efficiency through our procurement decisions, the design and modification or our showrooms, facilities  management, transportation and by switching to renewable energy sources.

With the help of supplier partners, we are growing our range of products with environmental and social attributes and are helping clients reduce their environmental impact by extending the life of their watches and jewellery through repairs and reuse, as well as promoting innovation and advancements in sustainable design and packaging.

We continue to respond to the CDP questionnaire on climate change and achieved a B score in our FY24 disclosure

FY25 AREAS OF FOCUS

  • Set long-term, science-based targets to reach net-zero GHG emissions by 2050
  • Align our reporting to the Transition Plan Taskforce framework
  • Enhance our procurement and supply chain management capability to strengthen engagement with the Group's environmental goals
  • Leverage AI to improve the quality of our emissions data and reporting
  • Source renewable energy across our Group and continue to our roll out of LED lighting
  • Continue to support circularity by investing in our repairs and pre-owned businesses
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