Potential offtaker

The Swatch Group AG

www.swatchgroup.com

Estimated electricity consumption

N/A

Countries of production presence

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Swatch Group AG/The-BR is a Swiss company that operates in the watch and jewelry design sector. The company is known for its high-quality watches and innovative designs that cater to a wide range of customers. Founded in 1983, the company has grown to become one of the leading watchmakers in the world, with a strong presence in Europe, Asia, and America.

As a company that operates in the luxury goods sector, Swatch Group AG/The-BR is acutely aware of the importance of sustainability and decarbonisation. The company has taken a number of steps to reduce its carbon footprint and promote renewable energy, including investing in corporate energy and corporate PPA.

One of the key ways in which Swatch Group AG/The-BR is reducing its carbon footprint is by investing in renewable energy. The company has made a commitment to sourcing 100% of its electricity from renewable sources by 2025. To achieve this goal, Swatch Group AG/The-BR has invested in a number of renewable energy projects, including wind farms and solar installations.

In addition to investing in renewable energy, Swatch Group AG/The-BR has also implemented a number of measures to reduce its energy consumption. The company has introduced energy-efficient lighting and heating systems in its factories and offices, and has implemented a number of energy-saving measures, such as turning off lights and equipment when they are not in use.

One of the key ways in which Swatch Group AG/The-BR is promoting renewable energy is through corporate PPA. Corporate PPA, or power purchase agreements, allow companies to purchase renewable energy directly from renewable energy providers. This helps to promote the growth of renewable energy and reduce the company's carbon footprint.

Swatch Group AG/The-BR has signed a number of corporate PPA agreements with renewable energy providers, including wind farms and solar installations. These agreements allow the company to purchase renewable energy at a fixed price, which helps to reduce its energy costs and promote the growth of renewable energy.

In addition to its commitment to decarbonisation and renewable energy, Swatch Group AG/The-BR is also committed to sustainability in other areas of its business. The company has implemented a number of measures to reduce waste and promote recycling, and has introduced sustainable sourcing practices to ensure that its products are made from sustainable materials.

Overall, Swatch Group AG/The-BR is a company that is committed to sustainability and decarbonisation. The company has taken a number of steps to reduce its carbon footprint and promote renewable energy, including investing in corporate energy and corporate PPA. With its commitment to sustainability and innovation, Swatch Group AG/The-BR is well positioned to continue to lead the watch and jewelry design sector for years to come.

✓ Declared Net Zero commitment