Climate strategy
Compared to other industries, the watchmaking industry has low Scope 1 and 2 greenhouse gas emissions. Nevertheless, Swatch Group is working hard to further reduce the emissions and bring them to zero.
Swatch Group is aware that most of the indirect emissions are in Scope 3. The group does not yet have precise data on the Scope 3 emissions. A concrete action plan and intermediate targets can therefore not yet be drawn up for Scope 3.
Swatch Group commits to climate neutrality for Scope 1 and 2 by 2050 and to reduce the Scope 3 emissions to a minimum.
The aim of Swatch Group is to reduce the greenhouse gas emissions as much as possible and use solutions within Swatch Group (for example future carbon capture technologies) to achieve the targets for Scope 1 and 2.

Greenhouse gas reduction targets and measures
Scope 1 | Target | Measures |
Stationary combustion |
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Mobile combustion |
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Processes & refrigerants |
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Scope 2 | Target | Measures |
Electricity |
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Community heating |
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Scope 3 | Target | Measures |
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GRI disclosure 201–2
Climate-related risks and opportunities - Strategy
Swatch Group needs to tackle transition risks in the short-to-medium term. These risks can vary greatly depending on their nature and the speed with which different states deliver on the aims of the Paris Agreement. Switching to low-carbon models may cause operational and procurement costs to rise. Physical risks could present a greater risk to the procurement of raw materials in the long term.
Swatch Group is extensively verticalized, it has a strong positioning in research and development, most of its supply chain is located in Switzerland, and it has a management approach for climate-related risks, making the company well placed to adapt to different climate scenarios, including the 1.5°C baseline scenario and the 2°C scenario.
A detailed overview of the climate-related risks and opportunities can be found on the pages 48-52 in the 2022 Sustainability Report. Details on the energy consumption as well as the greenhouse gas emissions can be found on the pages 59-70.