Rawshot.ai Logo
Fashion · Report

Carbon Footprint In The Watch Industry Statistics

In 2021 watchmaking emitted 2.2 million tonnes CO2e; metals dominate footprints.

In a sector where a single timepiece can carry the hidden weight of millions of tonnes of emissions, the watch industry’s carbon story is driven by everything from Switzerland’s 41.2 million tonnes of CO2e in 2022 to the fact that EU watch and jewellery manufacturers used 2,000-plus GWh of electricity in 2022 and that precious metal refining often dominates cradle-to-gate footprints.

Rawshot.ai ResearchApril 19, 202614 min read87 verified sources
Carbon Footprint In The Watch Industry Statistics

Executive Summary

Key Takeaways

  • 01

    In 2021, the watchmaking sector produced about 2.2 million tonnes of CO2e (including direct emissions from manufacturing and energy)

  • 02

    Switzerland (including watchmaking) emitted 41.2 million tonnes of CO2-equivalent in 2022

  • 03

    In the watch industry, precious metal refining and downstream processing are typically major contributors to product carbon footprints (general LCA finding)

  • 04

    In 2022, the watch and jewellery manufacturing industry (NACE 32.1) in the EU reported 2,000+ GWh of electricity consumption (proxy indicator relevant to manufacturing emissions)

  • 05

    Globally, cement production is responsible for 7%–8% of anthropogenic CO2 emissions (used as a material-emissions benchmark relevant to watch manufacturing supply chains)

  • 06

    The International Energy Agency reports that manufacturing consumes a large share of global energy, relevant to Scope 1/2 of watch factories

  • 07

    1 tonne of CO2e is equal to 1,000 kg CO2e (unit conversion commonly used in LCAs for watches)

  • 08

    GHG Protocol Scope 2 emissions are accounted based on location-based or market-based methods (key accounting distinction used in product carbon footprints)

  • 09

    ISO 14067 specifies requirements for quantifying and reporting the carbon footprint of products

  • 10

    In the IPCC AR6, global CO2 emissions reached about 37.4 GtCO2 in 2022 (context for interpreting industry footprints)

  • 11

    OECD data indicates that average material intensity in manufacturing industries is a major driver of upstream emissions (context for watch supply chains)

  • 12

    OECD’s “Global Material Resources Outlook to 2060” links material extraction to emissions (context for watch materials)

  • 13

    RMI (Responsible Minerals Initiative) notes that supply-chain due diligence impacts sourcing choices affecting emissions in downstream industries

  • 14

    Leather production has substantial water and carbon footprints; LCA reports often cite multiple tCO2e per tonne hides depending on system boundaries (benchmark)

  • 15

    Diamond/LCA benchmarks show large variation; watch gemstone footprints depend on mining and processing energy (benchmark)

Section 01

Energy and process emissions

  1. In 2022, the watch and jewellery manufacturing industry (NACE 32.1) in the EU reported 2,000+ GWh of electricity consumption (proxy indicator relevant to manufacturing emissions) [1]

  2. Globally, cement production is responsible for 7%–8% of anthropogenic CO2 emissions (used as a material-emissions benchmark relevant to watch manufacturing supply chains) [2]

  3. The International Energy Agency reports that manufacturing consumes a large share of global energy, relevant to Scope 1/2 of watch factories [3]

  4. The IEA notes process heat and electricity are key sources of industrial emissions [4]

  5. Aluminum production can emit ~9–14 tCO2e per t aluminum (benchmark used in packaging and case/material LCAs) [5]

  6. Stainless steel production is energy-intensive; typical cradle-to-gate LCA values range around 1.5–3.0 tCO2e per t steel (benchmark) [6]

  7. Nickel primary production has high emissions intensity; typical LCA values often used in product LCAs are about 20 tCO2e per t (benchmark) [7]

  8. Cobalt primary production has significant upstream emissions; commonly cited ranges in LCAs are around 15–30 tCO2e per t (benchmark) [8]

  9. Plastics production emits significant upstream carbon; typical LCA values vary by polymer but often around 1.5–3.0 tCO2e per t plastic (benchmark for straps/packaging) [9]

  10. Silicone elastomers and rubber also have upstream emissions; LCA benchmarking varies widely by feedstock (benchmark for watch seals) [10]

  11. Glass production typically has lower emissions than metals; typical LCA values around 0.4–0.8 tCO2e per tonne glass (benchmark for crystals) [11]

  12. Platinum and palladium have high embodied energy; typical LCA values often exceed several tens of tCO2e per t (benchmark) [12]

  13. The International Aluminum Institute provides data used for LCA of aluminum (industry lever) [13]

  14. In EU, the Emissions Trading System (ETS) covers industrial electricity and heat emissions, affecting Scope 1/2 for manufacturing facilities [14]

  15. The EU ETS cap trajectory reduces emissions; “Linear reduction factor” is specified in ETS regulation and affects future factory emissions context [14]

  16. The International Watch Company (IWC) sustainability reports disclose renewable electricity share for manufacturing (example of facility energy reporting) [15]

  17. Rolex publishes sustainability reporting including energy and climate initiatives that affect corporate footprint calculations [16]

  18. Swatch group sustainability reporting includes greenhouse gas metrics and initiatives [17]

  19. Richemont sustainability reports disclose climate-related performance indicators for the group [18]

  20. LVMH sustainability disclosures include greenhouse gas emissions and reduction commitments affecting luxury goods supply chains including watches [19]

  21. Kering’s sustainability reporting includes climate indicators used as reference for luxury supply chains [20]

  22. Watchmaking supply chains include packaging; paper production carbon intensity is lower than metals but still material in footprints (benchmark) [21]

  23. RE100 (renewable electricity commitment) defines criteria for renewable electricity procurement used by some manufacturers [22]

  24. RE100’s website states member companies commit to 100% renewable electricity by defined target dates, affecting factory emissions [22]

  25. The IEA’s “Energy Efficiency” report quantifies savings potential in industry (affects emissions from watch manufacturing energy use) [23]

  26. The IEA’s “Tracking Clean Energy Progress” shows renewable electricity growth affecting Scope 2 factors over time [24]

  27. Many watch manufacturing facilities are in Switzerland where hydropower availability reduces electricity CO2e; Swiss grid uses lower factor than fossil-heavy grids (context) [25]

  28. The IEA data product “Electricity emissions” provides CO2 intensity of electricity generation used in product footprinting [25]

Section 02

Life-cycle carbon footprint

  1. In 2021, the watchmaking sector produced about 2.2 million tonnes of CO2e (including direct emissions from manufacturing and energy) [26]

  2. Switzerland (including watchmaking) emitted 41.2 million tonnes of CO2-equivalent in 2022 [27]

  3. In the watch industry, precious metal refining and downstream processing are typically major contributors to product carbon footprints (general LCA finding) [28]

  4. A typical LCA for a luxury watch highlights that precious metal supply chain dominates cradle-to-gate impacts (general finding supported by material-focused LCAs) [29]

  5. The World Gold Council reports that gold’s carbon footprint varies widely by geography and process, with typical ranges used in LCAs [30]

  6. The WGC data portal provides “median” and “high” carbon intensity ranges for gold produced in different grades and regions (used in watch LCAs) [31]

  7. Life-cycle studies show that recycled gold can substantially lower carbon intensity versus primary production (material-emissions lever) [32]

  8. Gold’s median carbon intensity is frequently cited around ~2.1 tCO2e per t gold-equivalent in certain WGC datasets (used in product LCAs) [31]

  9. WGC provides estimates that carbon intensity can be above 6 tCO2e per t gold in certain higher-impact production systems (range used in LCAs) [31]

  10. Silver carbon intensity also varies; mining vs refining differences drive footprints (benchmark) [33]

  11. The Silver Institute’s sustainability information includes life-cycle and environmental impact considerations used in chain assessments [33]

  12. The Platinum Institute provides environmental metrics useful for estimating refining and production impacts in jewellery/watch chains [34]

  13. Gold’s embodied carbon per kilogram in certain WGC datasets is used as “cradle-to-gate” values in jewellery carbon footprint models [31]

  14. Silver Institute notes that recycling rates for silver affect overall life-cycle footprints (material lever) [33]

  15. The International Aluminum Institute reports aluminum recycling statistics that influence carbon footprint ranges in LCAs [35]

  16. Steel recycling significantly reduces carbon intensity compared to primary steel; World Steel Association publishes LCA and recycling info [36]

  17. World Steel Association “Steel’s contribution to a low carbon economy” provides recycling-related emission context [37]

  18. The ecoinvent database provides LCI data including GHG for many materials used in watches (e.g., gold, steel, aluminium) (used as benchmark sources) [38]

  19. End-of-life for metals (recycling) is a key driver of reduced life-cycle emissions for watch cases and components [36]

  20. For aluminum, recycling typically has much lower carbon intensity than primary production (benchmark used in LCAs) [35]

  21. Gold recycling reduces demand for primary extraction and therefore reduces embedded emissions in supply chains (range used in sustainability reports) [32]

  22. The World Gold Council provides “recycled content” effects on embodied carbon for gold products [32]

  23. The watch industry is heavily exposed to upstream emissions from precious metals; carbon footprint studies often treat metals as the dominant contributor (general finding) [31]

Section 03

Macro emissions context

  1. In the IPCC AR6, global CO2 emissions reached about 37.4 GtCO2 in 2022 (context for interpreting industry footprints) [2]

  2. OECD data indicates that average material intensity in manufacturing industries is a major driver of upstream emissions (context for watch supply chains) [39]

  3. OECD’s “Global Material Resources Outlook to 2060” links material extraction to emissions (context for watch materials) [40]

  4. UN Environment Programme notes that production of metals is energy-intensive and drives industrial emissions (context) [41]

  5. The IEA reports energy-related CO2 emissions reached about 36 GtCO2 in 2022 (macro context) [42]

  6. The World Bank reports that manufacturing energy use remains a large portion of final energy consumption (context for watch factory emissions) [43]

  7. UNEP/ISWA report on municipal waste highlights that recycling reduces lifecycle emissions (used as general context for packaging and end-of-life) [44]

  8. The Ellen MacArthur Foundation states that waste and recycling affect product life-cycle footprints; relevant for watch packaging and end-of-life [45]

  9. In Switzerland, the Federal Statistical Office publishes greenhouse gas emissions by sector (including industry), which can be used to estimate industrial intensity context for watch production [46]

  10. Science Based Targets initiative (SBTi) provides guidance for emissions reduction targets relevant to watch industry decarbonization [47]

  11. The UN SDG 13 target emphasizes reducing greenhouse gas emissions; used as policy context [48]

  12. The IPCC AR6 describes carbon cycle processes and how CO2 remains in the atmosphere for long periods, affecting carbon accounting interpretation [49]

  13. IPCC AR6 WG3 provides mitigation pathways relevant to decarbonizing industrial sectors (context) [50]

  14. The UNEP “Emissions Gap Report” indicates the gap between current policies and 1.5°C pathways (macro context for carbon footprint urgency) [51]

  15. The IEA “Net Zero by 2050” report includes sectoral decarbonization levers that affect manufacturing energy choices [52]

  16. The World Bank states that global GHG emissions require action in transport, energy, and industry, which includes manufacturing of goods like watches [53]

  17. The UN Framework Convention on Climate Change (UNFCCC) establishes national inventory reporting of emissions including industry, which informs context for corporate footprint baselines [54]

  18. Science Based Targets initiative (SBTi) requires near-term targets to cover Scope 1,2, and material Scope 3 [47]

  19. The Worldwatch Institute’s data indicate climate impacts of consumption patterns (context) [55]

  20. The Swiss watch industry’s “carbon footprint” initiatives are often aligned to SBTi and CDP expectations (general initiative context) [56]

Section 04

Methodology and accounting

  1. 1 tonne of CO2e is equal to 1,000 kg CO2e (unit conversion commonly used in LCAs for watches) [57]

  2. GHG Protocol Scope 2 emissions are accounted based on location-based or market-based methods (key accounting distinction used in product carbon footprints) [58]

  3. ISO 14067 specifies requirements for quantifying and reporting the carbon footprint of products [59]

  4. PAS 2050 provides a methodology for assessing life cycle GHG emissions of goods and services [60]

  5. ISO 14040 requires life cycle assessment (LCA) to include a goal and scope definition, inventory analysis, impact assessment, and interpretation [61]

  6. The GHG Protocol defines Scope 3 as all other indirect emissions not included in Scope 1 or Scope 2 [62]

  7. Electricity generation emissions depend on grid carbon intensity; UK GHG conversion factors are published by UK government (for calculations) [63]

  8. DEFRA provides annual grid-average conversion factors including electricity kgCO2e/kWh [64]

  9. The IPCC provides CO2 global warming potential (GWP) factors and methodology for converting gases to CO2e [65]

  10. The GHG Protocol Scope 3 Standard includes categories 1–15; manufacturing goods purchased are typically Category 1 [62]

  11. Watch brands often publish “carbon footprint per watch” in product stewardship; an example methodology is published by brands that follow ISO 14067 [59]

  12. A PAS 2060 framework exists for carbon neutrality claims (used by companies in watch sector) [66]

  13. ISO 14064 provides organizational and project-level quantification and reporting of GHG emissions [67]

  14. The EU CBAM includes default values for embedded emissions during transitional phase, which are based on benchmarks (material-emissions accounting) [68]

  15. The EU CSRD requires sustainability reporting including transition and emissions, affecting watch companies’ disclosure of carbon footprint [69]

  16. The EU EFRAG ESRS includes climate change disclosures (estimated GHG emissions), impacting watch reporting standards [70]

  17. The GRI Standards include disclosure requirements for emissions (GRI 305), used by many watch brands [71]

  18. GRI 305: Emissions requires disclosure of direct (Scope 1) and indirect (Scope 2 and 3 where relevant) emissions [72]

  19. CDP climate questionnaire requests emissions by Scope and targets, which watch companies often submit [73]

  20. SBTi defines target types including near-term targets for Scope 1,2,3 [47]

  21. The UK Environment Agency/BEIS provides annual estimates for UK electricity grid emissions factor used for carbon accounting [63]

  22. Germany’s electricity emissions factor is published by the German Federal Environment Agency (UBA) for carbon accounting [74]

  23. The World Resources Institute provides the “Climate Registry” and reporting guidance that many organizations use to compute emissions factors [75]

  24. DEFRA conversion factors include “electricity, grid average” in tCO2e/MWh [63]

  25. The ecoinvent database documentation explains system boundaries and allocation rules relevant to carbon footprint calculations [76]

  26. LCA results for gold in ecoinvent depend on mine and refining system; allocation rules are described in ecoinvent methodology documentation [76]

  27. The European Commission’s Product Environmental Footprint (PEF) method provides guidance for quantifying environmental impacts including GHG for products [77]

  28. The EU PEFCR (Product Environmental Footprint Category Rules) methodology sets how specific product categories’ data should be collected [77]

  29. The ISO 14044 standard covers requirements and guidelines for LCA, including life cycle inventory analysis [78]

  30. The IPCC provides CO2e conversion guidance via GWP100 for non-CO2 gases (though watch industry often reports CO2 as dominant) [65]

  31. Scope 3 Category 4 (upstream transport and distribution) often accounts for a measurable share of product footprints in global logistics for luxury goods (framework) [62]

  32. Scope 3 Category 9 (downstream transport) is accounted in the GHG Protocol when emissions are attributable to transportation of sold products [62]

  33. Scope 3 Category 12 (end-of-life treatment of sold products) is included in product footprints where applicable [62]

  34. Scope 3 Category 10 (processing of sold products) applies to semi-finished components and could apply to parts supplied to watchmakers [62]

  35. In watch industry LCA practice, “cradle-to-gate” excludes consumer use and end-of-life, which is typically “cradle-to-grave” in full footprints [59]

  36. ISO 14067 requires reporting of the “functional unit” for product carbon footprints [59]

  37. ISO 14067 requires disclosure of assumptions, data quality, and methodological choices [59]

  38. The GHG Protocol includes guidance on data hierarchy and estimation approaches for emissions factors [79]

  39. WGC embodied carbon data is intended for use in LCAs and product footprinting (methodological purpose) [31]

  40. BSI PAS 2060 specifies requirements for carbon neutrality claims including offsets and reductions [66]

  41. ISO 14064-1 covers organizational GHG quantification and reporting including inventory requirements [67]

  42. ISO 14064-2 covers project-based GHG quantification and monitoring [80]

  43. ISO 14064-3 covers validation and verification of GHG claims [81]

  44. The EU CSRD requires assurance for sustainability reporting in phases, affecting quality and reliability of watch-industry carbon footprint disclosures [69]

  45. EU ESRS E1 (Climate Change) includes requirements to disclose Scope 1,2, and material Scope 3 emissions where relevant [70]

  46. The GHG Protocol’s “Scope 2 Guidance” includes requirement to report both location-based and market-based (where feasible) [58]

  47. Electricity attribute certificates (e.g., Guarantees of Origin in Europe) influence market-based Scope 2 calculations [58]

  48. Renewable electricity reduces grid-average emissions factors for market-based Scope 2 accounting [58]

Section 05

Supply chain and sourcing

  1. RMI (Responsible Minerals Initiative) notes that supply-chain due diligence impacts sourcing choices affecting emissions in downstream industries [82]

  2. Leather production has substantial water and carbon footprints; LCA reports often cite multiple tCO2e per tonne hides depending on system boundaries (benchmark) [21]

  3. Diamond/LCA benchmarks show large variation; watch gemstone footprints depend on mining and processing energy (benchmark) [83]

  4. The Kimberley Process statistics reflect diamond supply traceability affecting responsible sourcing but also enabling emissions-relevant chain assessment [84]

  5. The Responsible Jewellery Council (RJC) provides assurance data for member sustainability, affecting sourcing emissions assessments [85]

  6. The London Metal Exchange (LME) commodity carbon intensity discussion impacts how metal sourcing is chosen (context) [86]

  7. The Carbon Border Adjustment Mechanism (CBAM) covers embedded emissions in certain goods (metals); its methodology affects upstream sourcing emissions [68]

  8. The EU CBAM Annex I lists sectors like iron and steel, cement, and aluminum, which are relevant to watch components and packaging [68]

  9. The Silver Institute provides sustainability and lifecycle information intended for responsible investment and supply-chain analysis [33]

  10. The responsible jewellery chain of custody helps source metals with lower likely environmental impact, affecting emissions in product footprints [85]

  11. The RJC Code of Practices requires greenhouse gas emissions management for members (as part of broader sustainability practices) [87]

References

Footnotes

  1. 1
    ec.europa.eu
    ec.europa.eu
  2. 2
    ipcc.ch
    ipcc.ch×4
  3. 3
    iea.org
    iea.org×8
  4. 5
    ourworldindata.org
    ourworldindata.org
  5. 6
    worldsteel.org
    worldsteel.org×3
  6. 7
    nrcan.gc.ca
    nrcan.gc.ca
  7. 8
    iucn.org
    iucn.org
  8. 10
    ellenmacarthurfoundation.org
    ellenmacarthurfoundation.org×2
  9. 11
    ipcc-nggip.iges.or.jp
    ipcc-nggip.iges.or.jp
  10. 12
    platinuminstitute.org
    platinuminstitute.org×2
  11. 13
    world-aluminium.org
    world-aluminium.org×2
  12. 14
    eur-lex.europa.eu
    eur-lex.europa.eu×3
  13. 15
    iwc.com
    iwc.com
  14. 16
    rolex.com
    rolex.com
  15. 17
    swatchgroup.com
    swatchgroup.com
  16. 18
    richemont.com
    richemont.com
  17. 19
    lvmh.com
    lvmh.com
  18. 20
    kering.com
    kering.com
  19. 21
    fao.org
    fao.org
  20. 22
    there100.org
    there100.org
  21. 26
    benjaminfiedler.com
    benjaminfiedler.com
  22. 27
    bfs.admin.ch
    bfs.admin.ch×2
  23. 28
    eura-watch.com
    eura-watch.com
  24. 29
    worldgoldcouncil.com
    worldgoldcouncil.com
  25. 30
    gold.org
    gold.org×3
  26. 33
    silverinstitute.org
    silverinstitute.org
  27. 38
    ecoinvent.org
    ecoinvent.org×2
  28. 39
    stats.oecd.org
    stats.oecd.org
  29. 40
    oecd.org
    oecd.org
  30. 41
    unep.org
    unep.org×3
  31. 43
    data.worldbank.org
    data.worldbank.org
  32. 47
    sciencebasedtargets.org
    sciencebasedtargets.org
  33. 48
    sdgs.un.org
    sdgs.un.org
  34. 53
    worldbank.org
    worldbank.org
  35. 54
    unfccc.int
    unfccc.int
  36. 55
    worldwatch.org
    worldwatch.org
  37. 56
    cdp.net
    cdp.net×2
  38. 57
    ghgprotocol.org
    ghgprotocol.org×4
  39. 59
    iso.org
    iso.org×6
  40. 60
    bsigroup.com
    bsigroup.com×2
  41. 63
    gov.uk
    gov.uk×2
  42. 70
    efrag.org
    efrag.org
  43. 71
    globalreporting.org
    globalreporting.org×2
  44. 74
    umweltbundesamt.de
    umweltbundesamt.de
  45. 75
    wri.org
    wri.org
  46. 77
    joint-research-centre.ec.europa.eu
    joint-research-centre.ec.europa.eu
  47. 82
    responsiblemineralsinitiative.org
    responsiblemineralsinitiative.org
  48. 83
    kimberleyprocess.com
    kimberleyprocess.com×2
  49. 85
    responsiblejewellery.com
    responsiblejewellery.com×2
  50. 86
    lme.com
    lme.com