- Emerging climate-related regulations (e.g., SEC, EU CSRD) increasing direct costs.
- Increased cost of raw materials due to potential climate-related tariffs (e.g., CBAM).
- Shifting consumer preferences towards low-impact products.
Fossil Group, Inc.
Greenhouse gas emissions & sustainability report data
By scope: Scope 1: 777 tCO2e/year; Scope 2: 8.2K tCO2e/year; Scope 3: 217.2K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
Renewable Energy
20%
of total energy
Water Usage
134.0K m3/year
2022
Waste
1.6K tons/year
2022
Energy Use
30.9K MWh/year
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 777 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 8.2K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 217.2K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 254.8K tCO2e/year (Scope 1 2 and 3 combined) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Increased Litehide™ leather usage in leather goods by 35%, reducing emissions by 6400 MT CO2eq.
- 20% of electricity sourced from renewable energy in EMEA region.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Double renewable energy usage by 2025 (2021 baseline).
📅 Medium-term
- Reduce 85% Scope 1 + 2 emissions by 2030.
- Achieve 95% emission reduction by switching all tin boxes to recycled aluminum boxes by 2030.
- Have >35% of leather materials in leather goods sourced from low-carbon materials by 2030.
🔭 Long-term
- Net-zero emissions by 2050 (implied).
🌱 ESG Focus Areas
Climate Change