Good for the Planet
We’re taking action to drive innovation to
help revitalize our natural world.
Design for the Future
We aspire to be part of leading industry-wide change by working towards a circular business model for watches and packaging materials. We are increasing our use of recycled materials for our packaging, and continuing to recycle watch batteries and stainless steel watch bands. Our goal is to not only source and utilize materials that are less resource-intensive as an integral part of our product design process, but to use materials that can be recycled once they are no longer needed.
| Designing For The Future Goals and Progress | ||
|---|---|---|
| BY 2030 | 2024 Progress | |
| Achieve 90% traceability of our raw materials to ensure transparency and responsibility within design and supply chains. | → |
We have begun implementing traceability for our leather goods category and have successfully achieved traceability down to the tannery level. Over the next two years, we aim to expand this traceability deeper into our leather supply chain and extend it to additional product categories. |
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Use 80% circular packaging (e.g., recyclable and/or reusable) materials. |
→ | 6.9% of our packaging is recyclable and/or reusable as they are made from cardboard and other paper-based materials. This is strengthened by the continual adoption of FSC-certified materials. In conjunction with our material selection, we strive to continually design packaging that results in less material and transportation requirements. |
| BY 2040 | ||
| Design our owned brand products with recycling in mind. Our teams will continue designing to eliminate waste, using materials that are regenerative, recycled, or sourced in order to create products that are more durable, easily repaired, or recyclable. | → | We are updating our objectives under the ‘Good for the Planet Goals’ to align with our near-term and long-term Net Zero targets. Learn more about our targets on page 17 in our 2024 Highlights. |
Leaving a Light Footprint
Nations around the world are addressing climate change through collaborative efforts like the Paris Agreement. At our company, we acknowledge the environmental footprint of fashion production and are committed to using resources responsibly, operating transparently, and minimizing water use, waste, and chemical impacts. Our environmental commitments are aligned with the Paris Agreement’s 1.5°C goal, and we are working closely with industry and supply chain partners to reduce emissions and drive meaningful progress in sustainability.
| Leaving A Lighter Footprint Goals and Progress | ||
|---|---|---|
| BY 2030 | 2024 Progress | |
| Reduce 85% of the Scope 1 & 2 absolute emissions (2021 baseline) | → | Absolute emissions of the Scope 1 & 2 dropped 15.2% from the 2021 baseline.* Ongoing transformation efforts resulted in facilities reductions, contributing to lower energy consumption and associated fugitive emissions. |
| Reduce 45% of the Scope 3 emissions (2021 baseline) |
→ | 61.8% carbon emissions were reduced from the 2021 baseline* with major contributions from purchased goods and services, and transportation. |
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By 2040 |
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| Achieve Net-Zero GHG emissions by 2040 - Reduce 90% of the Scope 1, Scope 2 and Scope 3 emissions (2021 baseline) | → | On track with short- and long-term milestones for Scope 3 emissions and working towards meeting Scope 1 & Scope 2 emission targets.
67.9% of Scope 3 emissions from purchased goods and services were reduced from the 2021 baseline emissions. |
| Reduce water intensity by 50% to make key products | → | We are actively engaging suppliers to promote low water usage in product assembly and manufacturing. |
Partners in Purpose
We are committed to supporting responsible leather manufacturing across the globe and that is why we are proud members of Leather Working Group/LWG.
www.leatherworkinggroup.com
