Luxury Swiss watchmaker IWC Schaffhausen has been ranked as the best-performing company in a World Wildlife Foundation report examining the environmental impact of 15 major watch brands.
IWC Schaffhausen took top spot among 15 watch and jewelry brands in a World Wildlife Foundation (WWF) report examining how companies in this sector take responsibility for the environmental impacts of their activities, and how transparently these efforts are communicated. The watchmaker is the only brand to place above the mid-way point of WWF’s six-tier ratings system.
«IWC has been working for many years to ensure our watches are made to the highest standards, with careful consideration of our social and environmental impact. We recognize that there is more work to be done, and our efforts continue to evolve,» said Christoph Grainger-Herr, CEO of IWC Schaffhausen.
Next Steps
IWC’s watch production and headquarters in Switzerland are powered by renewable energy, as is IWC’s supplier of precious metals. The company said it strives to primarily source recycled metals, and ensures all of its suppliers of precious metals and diamonds meet the industry best practice standards set out by the Responsible Jewellery Council.
Not willing to rest on its laurels, the watchmaker intends to increase efforts in address greenhouse gas emissions generated by shipping, reducing the volume and weight of its packaging, and seeking to ensure plastics are reusable, recyclable or compostable.
