Richemont Limited
Richemont Limited, officially known as Compagnie Financière Richemont SA, is a prestigious Swiss luxury goods holding company headquartered in Great Britain. Founded in 1988, Richemont has established itself as a leader in the luxury industry, with a diverse portfolio that includes renowned brands such as Cartier, Montblanc, and Dunhill. The company operates primarily in Europe, Asia, and the Americas, focusing on high-end jewellery, watches, and writing instruments. Richemont's commitment to craftsmanship and innovation sets its products apart, ensuring a unique blend of tradition and modernity. With a strong market position, Richemont has achieved notable milestones, including significant growth in e-commerce and sustainability initiatives, reinforcing its status as a key player in the luxury sector.
DitchCarbon Score
How does Richemont Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Richemont Limited's score of 10 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Richemont Limited's reported carbon emissions
In 2021, Richemont Limited, headquartered in Great Britain, reported a commitment to reducing its carbon emissions, particularly focusing on Scope 1 and 2 emissions. The company has set an ambitious target to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 46% by 2030, using 2019 as the base year. This commitment reflects Richemont's dedication to addressing its direct and indirect emissions. Additionally, Richemont aims to engage its supply chain by ensuring that 20% of its suppliers, covering purchased goods and services as well as upstream transportation and distribution, will have science-based targets by 2025. This initiative is part of their broader strategy to tackle Scope 3 emissions, which are often the largest source of a company's carbon footprint. For the years 2020 and 2021, Richemont disclosed Scope 3 economic intensity targets, with values of approximately 0.127 and 0.118 metric tons CO2e per unit of revenue, respectively. These figures indicate a focus on reducing emissions relative to revenue, showcasing a commitment to sustainability while maintaining business growth. Overall, Richemont's climate commitments demonstrate a proactive approach to reducing carbon emissions and engaging with suppliers to foster a more sustainable future.
Industry emissions intensity
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Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Richemont Limited is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
