SWATCH GRP AG.
UHR.XETRA | Manufacture of jewellery and related articles
The Swatch Group AG is a Swiss manufacturer of finished watches, movements, and watch components. It is the world's largest watch company. The Group produces nearly all of the components required to manufacture its watches sold under its various brands, which include Swatch, Breguet, Blancpain, Omeg...Show More
Better Health for All
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No specific, concrete data points relevant to the 'Better Health for All' ethical value were found in the provided articles. The company's sustainability reports and website content focus on environmental, social (employee-related), and governance aspects, without addressing health outcomes of products, health innovation, accessibility of health products, or other health-specific initiatives.
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Fair Money & Economic Opportunity
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Swatch Group AG is a manufacturer of watches and watch components, not a financial institution.
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The provided articles do not contain any data related to financial services such as lending, deposit services, insurance, or financial products offered to consumers.
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Therefore, all KPIs under the 'Fair Money & Economic Opportunity' value are not applicable to the company's core business model.
Fair Pay & Worker Respect
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In 2024, the company's CEO-to-employee pay ratio was 86:1.
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Collective bargaining agreements covered 67% of the total workforce in 2024
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, with the Collective Labor Agreement for the Swiss watch and microtechnology industry renewed in May 2024.
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Wage equality analyses conducted in December 2023 for 69% of the workforce (100% in Switzerland, 36% internationally)
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showed no indication of wage discrimination exceeding a 5% tolerance threshold
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, with specific wage differences by segment ranging from 1% to 3%.
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The employee turnover rate in 2024 was 17%.
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Fair Trade & Ethical Sourcing
-40
The company conducts on-site audits for its direct and tier-2 suppliers at least once every two years.
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For identified violations, suppliers rated 'D' are given 3 months to remediate, and those rated 'C' are given 6 months.
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Honest & Fair Business
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No specific, concrete data points were found in the provided articles to assess UHR.XETRA against any of the 'Honest & Fair Business' KPIs. The articles either explicitly state a lack of data for the relevant metrics
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or do not contain information pertaining to the company's ethical practices, regulatory record, or transparency.
Kind to Animals
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No evidence available to assess SWATCH GRP AG on Kind to Animals.
No War, No Weapons
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No evidence was found in the provided articles to assess UHR.XETRA against any of the 'No War, No Weapons' KPIs. discusses the Alianza para la Minería Responsable (ARM) and its initiatives, which are not related to UHR.XETRA.
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resulted in a 404 error, providing no information.
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Planet-Friendly Business
-10
In 2024, the company sourced 53.1% of its electricity from renewable sources, an increase from 33.1% in 2023.
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Water withdrawal was 239 m³ per $1 million revenue in 2024. The waste recycling rate stood at 48% in 2024.
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The company conducts climate scenario analysis, considering 2°C and 4°C pathways.
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Respect for Cultures & Communities
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No specific, concrete data points were found in the provided articles for any of the KPIs related to the ethical value of Respect for Cultures & Communities. Information regarding formal partnerships, revenue reinvested in local development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, complaint resolution times, FPIC participation rates, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier count, cultural site protection, social license to operate, charitable giving to cultural organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion was not available.
Safe & Smart Tech
10
The company provides users with comprehensive control over their personal data, including the ability to access, review, correct, update, block, delete, and request data portability.
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For data minimization, the company processes data only for intended purposes and limits retention periods to up to 12 months for most data.
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The company explicitly states compliance with the California Consumer Privacy Act (CCPA), California Privacy Rights Act (CPRA), and other state-specific data privacy laws.
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Standard SSL technology is used for the secure transmission of payment card data.
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Zero Waste & Sustainable Products
-30
The company achieved a recycling rate of 75% in its manufacturing processes.
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It has adopted a circular economy approach, designing watches for longevity, repair, and maintenance.
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, and applies circular design principles along its entire value chain.
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Swatch Group adheres to REACH, RoHS, and WEEE regulations for hazardous waste management
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and disposes of chemical wastewater and scrap metals via independent third parties;
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however, it is not taking adequate steps to eliminate hazardous chemicals in its supply chain.
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The company has established supplier codes of conduct that cover environmental protection
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, and all direct and designated tier-2 supplier facilities undergo independent audits at least every two years.
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