Sustainability Report
2025
2025 key figures
Swatch Group consolidated key figures | Unit | 2025 | 2024 | 2023 | 2022 | 2021 |
Corporate and governance | ||||||
Net sales | CHF million | 6 280 | 6 735 | 7 888 | 7 499 | 7 313 |
Salaries (excl. social security contributions) | CHF million | -1 888 | -1 997 | -2 043 | -1 888 | -1 802 |
R&D expenses (only direct costs) | CHF million | -264 | -273 | -275 | -246 | -245 |
Investments | CHF million | -462 | -569 | -803 | -399 | -303 |
Income taxes | CHF million | -133 | -126 | -262 | -273 | -237 |
Net result | CHF million | 25 | 219 | 890 | 823 | 774 |
New patents Environment | Number | 187 | 196 | 188 | 209 | 202 |
Electricity consumption | GWh |
247.8 | 266.4 | 294.0 | 281.4 | 257.9 |
Emissions from stationary combustion (primarily gas and heating oil) | t CO2eq |
11 450 | 10 948 | 11 807 | 12 942 | 14 910 |
Direct and indirect emissions (market based, Scope 1 and 2) | t CO2eq |
38 435 | 43 054 | 51 978 | 52 068 | 55 385 |
Water withdrawal | m3 | 1 333 293 | 1 770 580 | 1 780 075 | 1 627 938 | 1 422 121 |
Hazardous waste | t | 1 967 | 2 165 | 3 421 | 2 881 | 2 431 |
Non-hazardous waste Social | t | 3 269 | 4 274 | 3 910 | 3 634 | 3 015 |
Employees as of Dec 31 | Headcount | 31 796 | 32 477 | 33 602 | 32 061 | 31 444 |
Proportion of women (headcount) % | 49 | 49 | 49 | 50 | 50 | |
Proportion of women in management roles % | 38 | 36 | 37 | 36 | 37 | |
Apprenticeship diplomas (in Switzerland) Sourcing | Number | 163 | 136 | 140 | 142 | 155 |
Supplier audits | Number | 138 | 134 | 128 | 146 | 76 |
Suppliers with A or B rating | Number | 109 | 93 | 86 | 87 | 40 |
57.2%
of electricity from renewable energy sources
85.6%
of electricity from fossil-free energy sources
-30.6%
reduction of Scope 1 and 2
emissions since 2021
592
apprentices as of 01.08.2025
(start of training year)
163
apprenticeships completed in 2025 (Switzerland)
138
supplier audits
Table of contents Sustainability at Swatch Group
Foreword 3
Overview of
Swatch Group 4
Business model
and products 5
Value chain 7
Sustainability
strategy 9
Sustainability
track record 12
Material sustainability topics 16
Stakeholders 18
Corporate and GovernanceGovernance, ethics
and compliance 23
Climate-related risks
and opportunities 36
Economic
performance 41
Innovation 45
EnvironmentIntroduction 49
Energy
and emissions 50
Product design and the circular economy 64
Water 70
Biodiversity 73
SocialEmployees, diversity and equal opportunities 79
Occupational health
and safety 84
Training, education
and preservation of arts and artisanship 87
SourcingGeneral raw
material sourcing 94
Precious
metal sourcing 101
Diamond and
gemstone sourcing 104
Leather and
wood sourcing 105
AppendicesAbout this report 112
GRI content index 116
TCFD content index 123
Transparency regarding non-financial matters in accordance
with Art. 964 CO 124
Limited
Assurance Report 125
Glossary 128
Contacts 131
This sustainability report has been prepared in accordance with the GRI Universal Standards 2021. We followed all the reporting principles and requirements contained in the GRI 1 Foundation standard to identify content and prepare the report. The name Swatch Group includes the entire scope of Swatch Group entities included in the consolidated financial statements listed in the Annual Report 2025.
Sustainability at Swatch GroupForeword 3
Overview of Swatch Group 4 Business model and products 5 Value chain 7
Sustainability strategy 9 Sustainability track record 12 Material sustainability topics 16 Stakeholders 18
Sustainability at Swatch Group Corporate and Governance Environment Social Sourcing Appendices
ForewordGRI 2-22
Foreword
Responsible operations, responsible corporate governance and sustainability are fundamentals for us and have been an integral part of our philosophy and corporate culture for many decades. We remain true to our vision and approach. Social responsibility, ethics and environmental protection have always been deeply anchored in our corporate culture. Swatch Group is
committed to reducing energy consumption, minimizing its contribution to global warming, and using sustainable materials. The company enforces a zero-tolerance
policy on corruption, modern slavery and child labor. Swatch Group positions itself as an attractive and responsible employer and as a training company.
Its business model is geared toward sustainable and long-term success.
In 2025, Swatch Group delivered on-site mobility plans to facilitate more responsible travel, dozens of energy audits at industrial facilities that revealed further major opportunities to improve our energy efficiency and an ambitious sustainable packaging policy.
Our materiality analysis serves as a compass for setting clear strategic objectives. At the same time, we've thoroughly studied our Scope 3 emissions, engaged with our suppliers on their own decarbonization efforts and developed eco-design guides. These initiatives lay the foundation for reducing our indirect emissions.
In addition, we have strengthened and markedly expanded our responsible procurement program to ensure transparency and ethics in our supply chain.
We continue to invest in sustainability with passion, commitment and conviction, factoring in the entire life cycle and customer-oriented development of our products and the supply chain in all areas.
Since 2021, Swatch Group has published a sustainability report in line with GRI requirements in order to
make reporting as transparent, comparable and comprehensive as possible. Swatch Group is also guided by the UN's Sustainable Development Goals (SDGs)
and, as a responsible company, makes a contribution to achieving these goals.
Marc A. Hayek / Thierry Kenel / Antonio J. Lopez
Sustainability Steering Committee
Sustainability at Swatch Group Corporate and Governance Environment Social Sourcing Appendices
Overview of Swatch GroupGRI 2-1
Overview of Swatch Group
Swatch Group is an international group with 16 consumer brands working in the manufacture, marketing and sale of finished watches, jewelry, watch movements and components. It manufactures almost all the necessary mechanical and electronic components itself and supplies such parts to third-party manufacturers in Switzerland and around the world.
CHF 6280 million
net sales
31 796 employees
>30 countries
Sales in >160 countries
~150 production sites in Switzerland
7 production sites outside
of Switzerland 1
Subsidiaries in
1. France, Germany, Italy, Malaysia, Thailand and US. For more information, see page 5.
Global distribution: Swatch Group subsidiaries Swatch Group locations in Switzerland
Swatch Group headquarters
Swatch Group Sustainability Report 2025 4
Sustainability at Swatch Group Corporate and Governance Environment
Social
Sourcing
Appendices
Business model and products
Business model and productsGRI 2-6
Swatch Group is a fully vertical company with a global sales network, service centers across the world
and several sites for manufacturing watches, fine jewelry and electronic components. Swatch Group has approximately 150 production sites in Switzerland
where it manufactures its own watch movements, cases, crystals, hands and other watch components. This far exceeds the criteria for marketing Swiss Made watches in accordance with applicable legal requirements.
Swatch Group companies in the electronic systems segment also have their production sites in Switzerland. Only a few production sites are located abroad, namely Glashütte Original's manufactory in Glashütte, Germany, and Harry Winston's fine jewelry manufactory in New York, USA. However, Harry Winston timepieces are produced in accordance with Swissness requirements
in the manufactory in Plan-les-Ouates, near Geneva. Three other production facilities in Italy and France manufacture components for watch bracelets or specific precision parts. Swatch Group operates two production sites in Thailand and Malaysia for the assembly of electronic components and in the field of surface treatment.
Swatch Group brands and subsidiaries
Watches and jewelryDistribution
Sustainability at Swatch Group Corporate and Governance Environment Social Sourcing Appendices Business model and products
ProductionETA
- Meco
CHH Microtechnique
Nivarox-FAR
Comadur
Rubattel & Weyermann
MOM Le Prélet
Universo
Manufacture Ruedin
Lascor
Novi
Swatch Group Assembly
Dress Your Body (DYB)
CorporateThe Swatch Group Research and Development
Asulab
Moebius
CDNP
HSC
Belenos Clean Power
ICB Ingénieurs Conseils en Brevets
Swatch Group Services
Corporate Customer Service
European Distribution Center
Gems
Information Technologies
Logistics
Quality Management
Real Estate Development
Swatch Group Immeubles
EM Microelectronic
- Renata
Micro Crystal
Swiss Timing and ST Sportservice
Nicolas G. Hayek Watchmaking SchoolsMiami (US)
Shanghai (China)
Glashütte (Germany)
Pforzheim (Germany)
Grenchen (CH)
Training centersGrenchen (two training centers, mechanics and horology)
Boncourt (mechanics)
La Chaux-de-Fonds (mechanics)
Le Sentier (mechanics and horology)
Sion (mechanics)
Mendrisio (mechanics and horology)
Sustainability at Swatch Group
Corporate and Governance
Environment
Social
Sourcing
Appendices
Value chain
Value chainGRI 2-6
(simplified visual representation)
Global Switzerland
Transport
Opt for low-emission modes of transport
Short-distance transport
Suppliers
Use sustainable materials
Switch to bio-based materials
Continue to increase the amount of recycled materials used
Only use certified timber
Do not use leather from protected or endangered species
(except American alligator)
Reduce emissions
Take a zero-tolerance approach to corruption, modern slavery and child labor
Comply with international sustainability standards
Production
(Details on p. 8)
Brands
Divisions
Electronic Systems
Train specialists in-house through watchmaking schools and an extensive range of apprenticeship programs
Promote employee training and development
Conduct regular pay reviews
Increase the number of women in management roles
Be an attractive and responsible employer
Lead the Swiss watchmaking industry in the number of new patents
Reduction path for Scope 1 and 2 GHG emissions
-50% by 2030 and -90% by 2040 (base year 2021)
Become climate neutral by 2050 for Scope 1 and 2 emissions
Sales subsidiaries
Sales through own boutiques, SIS
and e-commerce
Customer service / distribution
Customers
Products
Offer durable, repairable products
Minimize products' power consumption
Partnerships / philanthropy
Provide targeted support to third parties in the area of sustainability
Sustainable suppliers
Raw materials, components, services
Sustainable operations
Verticalization, Swiss Made
Sustainable products
Durability, repairability
Code of Conduct
Safeguard and promote human rights and sustainability
Collective bargaining / collective labor agreements
Fair working conditions at Swatch Group companies
Strategy for achieving climate goals
1
2
3
4
5
6
Avoid the use of resources that have no associated benefit
Reduce energy consumption to the necessary and technically feasible minimum
Efficient and effective operation of installations, as well as heat recovery
Alternatives to fossil-fuel energy sources, such as regenerative or zero-carbon energy sources
Independent generation or conversion of energy at the sites themselves
Energy storage systems and carbon offsetting projects
Sustainability at Swatch Group Corporate and Governance Environment Social Sourcing Appendices
Production facilities
Value chain
SWISS MADE
Become climate neutral by 2050 for Scope 1
The advantages of "Swiss Made" Nature protection. One-seventh of Switzerland's land is protected by its20 nature parks. In addition, around 30% of the country is made up of forested areas, and this percentage is increasing.
Water protection. Around 6% of Europe's freshwater reserves are found in Switzerland, and a large number of major rivers have their sources in the Swiss mountains. Thanks to exemplary water pollution control, the water quality is excellent.
Renewable energy. Renewables account for around 80% of the electricity consumed in Switzerland. The country has one of the
SWISS MADE
Minimize water use
Reuse water
and 2 emissions
Avoid waste
Reduce use of fossil-based polymers
Reduce emissions
Increase level of recycling
Employee health and safety is top priority
Continually increase the energy efficiency of the company's facilities and processes
world's lowest-emission electricity mixes.
Public transport. One of the world's densest railway networks enables low-emission transportation of passengers and goods.
Social welfare. Switzerland has very good social insurance, which provides extensive protection for people living and working in the country and for their dependents.
Political stability and co-determination.
One of the distinguishing features of Switzerland's democracy is that
citizens are not merely represented by Parliament, but can also have a direct impact on legislation.
Innovation. With a highly skilled workforce and outstanding scientific research institutions, Switzerland is one of the most innovative countries in the world.
Sustainability at Swatch Group Corporate and Governance Environment Social Sourcing Appendices
Sustainability strategyGRI 2-12
Sustainability strategy
Corporate responsibilitySwatch Group is committed to safeguarding its continued development, while also protecting the environment and guaranteeing the health and safety of individuals. The company endeavors to do the best it can in all areas and at all levels of the company to fulfill this responsibility. The Group's aim is to create value for its stakeholders, the environment and society as a whole.
Environmental, ethical and social criteria have therefore always been an integral part of its corporate culture and its sourcing policy. The Executive Group Management Board, the Extended Group Management Board and the management teams at the individual units continually ensure that they demonstrate what this culture of responsibility looks like and that all employees at all levels continually share and practice this approach.
Swatch Group strives to ensure that resources are used efficiently and sparingly to guarantee that its products are manufactured and marketed in a sustainable and environmentally friendly manner, and thereby secure its long-term success. The use of recycled, recyclable, certified and / or environmentally friendly materials, consumer goods and production methods are the basis for all product development.
In 2001, Swatch Group began to set clear climate and efficiency targets and implement effective measures throughout the Group in order to play its part in preserving the environment. A further stage was completed in 2022, with the development and release of a roadmap for achieving Group-wide carbon neutrality in Scopes 1 and 2 by 2050.
Alongside this important progress, the Group is working to update its materiality concept and has introduced
an opportunity and risk management system for this purpose. Increased measurement of Scope 3 emissions and a stronger operational risk management approach in the area of human rights are two further significant areas of work on the long list of projects and activities that the Group's sustainability officers are pursuing in their various units.
Commitment to the Sustainable Development Goals (SDGs)Swatch Group seeks to meet the needs of the current generation without jeopardizing the ability of future generations to meet their own. The company's sustainability management approach is based on the United Nations' 2030 Agenda, which was adopted by the UN Member States. The 17 Sustainable Development Goals (SDGs) at the core of the 2030 Agenda form the
international and universally applicable framework for sustainable development. Every SDG is essential to securing the prosperity of people and the planet.
Swatch Group has identified 13 SDGs that are especially relevant to the company and its stakeholders. The company actively contributes to achieving these goals.
It has defined its commitments, and it will continue to refine them on an ongoing basis, by adding goals, actions and performance indicators.
Sustainability at Swatch Group
Corporate and Governance
Environment
Social
Sourcing
Appendices
Sustainability strategy
SDG Description Swatch Group's commitments SDG Description Swatch Group's commitments
Ensure healthy lives and promote well-being for all at all ages
Occupational health and safety
Working conditions in the supply chain
Environmental considerations in the supply chain
Air quality
Water quality
Ensure inclusive and equitable high-quality education and promote lifelong learning opportunities for all
Training and education
Availability of specialists
Training and employment of young workers
Achieve gender equality and empower all women and girls
Equal pay for equal work
Promote diversity among employees
Ensure availability and sustainable management of water and sanitation for all
Water consumption
Water quality
Environmental considerations in the supply chain
Ensure access to affordable, reliable, sustainable and modern energy for all
Energy efficiency of the Group's products
Renewable energy in the Group's products
Energy efficiency of buildings and processes
Make the safety and health of employees the Group's highest priority
Train specialists in-house through watchmaking schools and an extensive range of apprenticeship programs
Promote employee training and education
Conduct regular pay reviews
Increase the number of women in management roles
Optimize water consumption and wastewater quality in buildings and processes
Take care to minimize water use in production and reuse water as much as possible
Develop products so that they can be operated with sustainable energy sources wherever possible and minimize energy consumption
Promote sustained, inclusive economic growth, full and productive employment and decent work for all
Offer and create high-quality jobs
Cooperation with trade unions, collective labor agreements, employee benefits
Economic performance
Further training and education programs for employees
Working conditions in the supply chain
Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
Innovation and R&D expenditure
Ensure sustainable consumption and production patterns
Durable products, enabling repairs
Recycling and a circular economy
Environmental considerations in the supply chain
Working conditions in the supply chain
Avoid waste
Take urgent action to combat climate change and its impacts
Energy efficiency of buildings and processes
Reduce GHG emissions
Commit to manufacturing in Switzerland and train employees to become specialists
Be an attractive and responsible employer
Remain the leader for the number of new patents in the Swiss watchmaking industry
Offer durable products that can be repaired
Take into account sustainability in the supply chain
Use sustainable materials
Continue to increase the amount of recycled materials used
Switch to bio-based material
Achieve climate neutrality
(Scope 1 and 2 emissions) by 2050
Increase self-generated production of renewable electricity
Continually increase the energy efficiency of the company's facilities and processes
Develop products with a minimal carbon footprint
Sustainability at Swatch Group
Corporate and Governance
Environment
Social
Sourcing
Appendices
Sustainability strategy
SDG Description Swatch Group's commitments
Conserve and sustainably use the oceans, seas and marine resources for sustainable development
Water quality
Environmental considerations in the supply chain
Avoid waste
Protect, restore and promote sustainable use of terrestrial ecosystems
Deforestation and forest degradation
Promote biodiversity
Avoid air pollution
Avoid waste
Environmental considerations in the supply chain
Promote peaceful and inclusive societies, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
Effective and transparent governance
Comply with laws and regulations
Working conditions in the supply chain
Strengthen the means of implementation and revitalize the global partnership for sustainable development
Provide financial / technological support for sustainable actions
Economic performance, responsible taxpayer
Minimize water use
Audit suppliers in relation to water management
Reduce the use of fossil-based polymers and minimize the threat of microplastics
Only use certified timber
Do not use leather from protected or endangered species (except American alligator)
Take steps to reduce emissions
Avoid waste
Use own forests sustainably and promote biodiversity
Take a zero-tolerance approach to corruption, modern slavery and child labor
Comply with international sustainability standards (RJC, Kimberley Process, etc.)
Safeguard and promote human rights and sustainability in supply chains
Swatch Group brands support specific actions taken on sustainability by third parties
Sustainability at Swatch Group Corporate and Governance Environment Social Sourcing Appendices
Sustainability track recordSustainability track record
Swatch Group has been committed to sustainability for many decades. Some of the milestones are summarized on the following pages.
19921992-2000
Launch of the Time to Move special edition Swatch to commemorate the Rio Earth Summit. The conference aimed to bring together world leaders and get
them to commit to working toward a more secure future for our planet.
1994The Spirit of Biel / Bienne solar-powered car sets a world record on the test track in Almería, Spain. The project was supported by Swatch and developed by the Ecole d'ingénieurs de Bienne.
1995The first solar-powered Swatch with solar cells on the dial that power the quartz movement.
In collaboration with Daimler Benz, Swatch Group (then
©Keystone
SMH) founds the joint venture MCC AG and starts developing the first "Smart" (Swatch,
Mercedes and Art) hybrid car. This lays the foundations for what would later become the Belenos Clean Power Swatch Group company.
1999
Opening of the first Nicolas
G. Hayek Watchmaking School in Shanghai, China, to preserve and promote watchmaking artisanship. In the following years, further schools were opened in Asia, Europe and the US.
Sustainability at Swatch Group Corporate and Governance Environment Social Sourcing Appendices Sustainability track record
2001-2011
2001Swatch Group begins to set clear climate and efficiency targets and implement initial measures to reduce energy consumption
and greenhouse gas (GHG) emissions.
First collaboration with the Energy Agency
for the Swiss Private Sector (EnAW) to reduce GHG emissions and energy consumption.
2002First consolidated report on occupational safety and environmental protection as part of the Annual Report.
2003On the occasion of the 50th anniversary of the
diving watch Fifty Fathoms, Blancpain launches its first ocean protection initiatives.
2004Omega supports the Solar Impulse project, with the aim to fly around the world in a solar-powered aircraft. The goal is to accelerate the necessary revolution
in clean energy production and consumption through the use of solar energy.
First certification in accordance with the ISO 14001 Environmental Management System standard at Swatch Group (ETA).
2006Swatch Group and Omega contribute technological expertise and financial support in the fields
of micromechanics, microelectronics and new energy sources for the Solar Impulse solar-powered aircraft.
2008Harry Winston becomes a member of the Responsible Jewellery Council.
2010Decision to not use exotic leather in products, with the only exception being the use of straps from regulated American alligator breeders
(in accordance with CITES, US Fish and Wildlife Services and ICFA standards).
Renovation of Swatch Group's
La Suze and Le Bez hydroelectric plants.
First step toward centralized gold recycling within the Group.
2011Opening of the unique Swatch Art Peace Hotel in Shanghai, China - a space that brings together diverse artists and encourages creation, collaboration
and connection.
Sustainability at Swatch Group Corporate and Governance Environment Social Sourcing Appendices Sustainability track record
2011-2018
2011First ESG (Environmental, Social, Governance) report published as part of the Swatch Group Annual Report.
Omega commits to fighting preventable blindness alongside international nonprofit organization Orbis with its flying
eye hospital.
2012All of the Swatch Group brands voluntarily discontinue the use of mercury-containing batteries three years before the EU decision in 2015.
2013First agreement with EnAW and FOEN on a roadmap to reduce GHG emissions and energy consumption.
2014Blancpain brings together its many initiatives for the protection of the oceans under the Blancpain Ocean Commitment label.
2015Solar Impulse takes off from Abu Dhabi (UAE). Omega provided innovative technical systems.
Omega, Swatch Group Gems and Dress Your Body become members of the Responsible Jewellery Council.
2016The new, patented EFG (edge-defined, film-fed growth) crystal growth process for sapphires enables in-house recycling of production residues, resulting in a more environmentally friendly manufacturing process.
Renata develops a return and recycling scheme for discharged batteries for Swiss customers.
2017The Group takes a further step toward gold
traceability by investing in the expansion of its own centralized gold foundry.
It moves to entirely internal processing of precious metals, from the foundry
to the semi-finished and finished products.
Swatch Group manufactures the world's smallest Bluetooth chip, the downsizing of which is crucial for condensing functions to fit into wearable electronic devices and for the Internet of Things (IoT). The Bluetooth chip is very energy efficient and starts up quickly.
2018Nivarox-FAR is certified by the Responsible Jewellery Council Code of Practices (RJC CoP). The RJC
CoC (Chain of Custody) certification follows the year after.
Swatch Group decides to purchase only traceable gold.
Sustainability at Swatch Group Corporate and Governance Environment Social Sourcing Appendices Sustainability track record
2019-2025
2019Opening of the Swatch headquarters, one of the largest timber buildings in the world, with intelligent use of groundwater for heating and cooling, a total area of 1770 m2 for photovoltaic installations, LED lighting and an ingenious energy plan that helps optimize the
building's carbon footprint.
Opening of the Cité du Temps in Biel / Bienne, built in accordance with sustainability principles.
2020Launch of the Tissot
T-Touch Connect Solar, powered by nature and distributed in a new 100% paper watch box.
Swatch introduces
new packaging made of paper foam.
Swatch introduces a new bio-sourced material.
2021Newest innovation: BIOCERAMIC - watches made from a mix of ceramic and bio-based materials that use castor oil.
Preparation of the first sustainability report
in accordance with the GRI standards, which
also covers contributions to the SDGs.
Blancpain strengthens its commitment to the oceans by creating the Female Fifty Fathoms (FFF) Award as a new category at
the Ocean Photography Awards to mobilize more women to share their view of the oceans.
2022Omega participates in ClearSpace's pioneering mission to remove hazardous space debris, extending its sustainability efforts from the ocean floor and the earth's surface to every corner of space, no matter how crowded.
2023A record number of apprentices start their training - 180.
By expanding its apprenticeship program, Swatch Group is underlining the importance of vocational training and its role in securing young talent for the future.
2024
Start of the Swatch Group Sustainability School - an online learning experience consisting of 150 learning chapters to train employees on sustainable transformation topics.
2025Ruedin has reduced Scope 1 and Scope 2 emissions to zero at its production site in
Bassecourt. The company has thus achieved
the climate-neutral production of watch cases, sending a clear
message about sustainable industrial processes.
Sustainability at Swatch Group Corporate and Governance Environment Social Sourcing Appendices
Material sustainability topicsGRI 2-12, 2-13, 2-14, 3-1, 3-2
Material sustainability topics
Definition of report contentMaterial topics for Swatch Group were reworked in 2021. During the first step of this review, the Sustainability Steering Committee, along with external support, drew up a long list of potential material topics. The Committee included topics specified in key reference frameworks and relevant issues identified through extensive peer research. The list contained around 130 topics and
was consolidated, with topics grouped by theme. Using the SDG Action Manager tool, all the topics were then assessed in terms of their impact on sustainable development, measured against the Sustainable Development Goals (SDGs). The topics were given a rating based on each SDG for potential positive and negative impacts. This resulted in a list with 25 topics. They were consolidated further and reduced to 11 material topics.
In 2022, there was a thorough review of Swatch Group's existing material topics. For each topic, the review process recorded the existing or potential positive and negative impacts of the company's activities on business, the environment and people, including human rights, throughout the value chain. The review involved various stakeholder groups and drew on internal company data and external information. The Sustainability Team and an external agency assessed the impacts according
to their scale and scope, with particular attention paid to negative impacts. The scale refers to how severe
a negative impact is, while the scope refers to how widespread it is. The material topics were prioritized
based on this assessment. Each topic was assigned an appropriate, topic-specific GRI standard so that actions and developments in these areas can be demonstrated using specific performance indicators. In addition, the management of climate-related risk and opportunities was classed as material.
In 2023, the list of material topics was reviewed and supplemented. Risks, opportunities, indicators and objectives were listed for each material topic. It should be noted that some objectives are set at the level of the individual companies and, as a result, no consolidated targets at the Swatch Group level can be communicated. The consolidated targets, together with the targets of the individual companies, are an important component of the sustainability strategy.
The material topics were reviewed in 2024 and assessed as still relevant for Swatch Group. The Group also started an extensive materiality assessment based
on the principle of double materiality at the end of 2024. The project is being led by a group of experts from Swatch Group and its companies, and includes an extensive consultation with internal and external stakeholders. The materiality assessment was continued in 2025. The regulatory requirements of the
EU for sustainability reporting are in a state of flux. The European Commission is seeking to simplify various requirements through its omnibus proposal launched in 2025. Swatch Group is monitoring developments and
will revise and finalize the materiality analysis and the topics, objectives and indicators derived from it in line with the new requirements.
The Sustainability Committee reviews and approves the list of material topics. The Group's approach to corporate responsibility is approved by the Board of Directors, which has the ultimate responsibility.
Sustainability at Swatch Group Corporate and Governance Environment Social Sourcing Appendices Material sustainability topics
Material topics GRI Standard Contribution to the SDGs
Corporate and Governance
Material topics GRI Standard Contribution to the SDGs
Social
Governance, ethics and compliance
Climate-related risks and opportunities
Economic performance
GRI 205 Anti-corruption
GRI 408 Child Labor
GRI 409 Forced or Compulsory Labor
GRI 201 Economic Performance
GRI 201 Economic Performance
GRI 207 Tax
Employees, diversity and equal opportunities
Occupational health and safety
GRI 401 Employment
GRI 405 Diversity and Equal Opportunity
GRI 406 Non-discrimination
GRI 407 Freedom of Association and Collective Bargaining
GRI 403 Occupational Health and Safety
Innovation − GRI 203 Indirect Economic Impacts
Training and education and preservation of arts and artisanship
GRI 404 Training and Education
Environment
Energy and emissions − GRI 302 Energy
GRI 305 Emissions
Sourcing
Sourcing − GRI 204 Procurement Practices
GRI 301 Materials
GRI 308 Supplier Environmental Assessment
GRI 408 Child Labor
Product design and the circular economy
GRI 301 Materials
GRI 306 Waste
- GRI 414 Supplier Social Assessment
Water − GRI 303 Water and Effluents
Biodiversity − GRI 101 Biodiversity
A description of the management approach and information on the topic standards is provided in the relevant chapters.
Sustainability at Swatch Group Corporate and Governance Environment Social Sourcing Appendices
StakeholdersGRI 2-29
Stakeholders
Identifying and selecting stakeholders Drawing on the experience of employees from different areas such as quality management, sourcing, logistics, human resources, energy management,and representatives of the Group companies and
Group management, the company has identified the stakeholders who have the most influence on Swatch Group or are most affected by its business activities in some way. These stakeholders can be categorized into five groups:
List of stakeholder groupsCustomers | Employees | Business partners | Civil society | Regulators | |
Description / example | End customers, B2B | All employees | Partners / suppliers of products, raw materials, services | NGOs, the media, consumer federations, other players | Government bodies, industry associations, certification bodies |
Key topics | - Durability and quality | - High-quality jobs | - Working conditions in the | - Climate change (GHG emissions) | - Lawful conduct |
of products, customer | - Apprenticeship training | supply chain | - Working conditions in the | - Climate change | |
satisfaction | - Training and education | - Environmental | supply chain | (GHG emissions) | |
- Customer care and service | - Occupational health and safety | considerations in the | - Environmental considerations in | - Environmental considerations | |
- Transparent information | - Collective labor agreements | supply chain | the supply chain | in the supply chain | |
- Environment and working | - Employee benefits | - Transparent information | - Water consumption | - Working conditions in the | |
conditions in the supply chain | - Equal pay, pay reviews | - Economic performance | - Air quality | supply chain | |
- Economic performance | - Energy consumption | - Occupational health | |||
- Lawful conduct | and safety | ||||
- Equal pay, pay reviews | - Collective labor agreements | ||||
- Waste, circular economy, | - Economic performance |
Interaction Customer feedback in boutiques, after-sales service, online channels, social media
Direct communication, HR department, internal communication, intranet, mailings, flyers, CLAs
Regular direct communication, Supplier Code of Conduct, audits
recycling
Press releases, business and sustainability reporting
Implementation of legal specifications, active membership of federations
