Watchmaker IWC Schaffhausen is the first Swiss luxury watch brand to publish a sustainability report utilising the global best practice standards of the Global Reporting Initiative (GRI). Economic growth, using renewable energy and maintaining a commitment to social responsibility have formed the foundation of IWC’s mission right from the beginning, and sustainable business practices are deeply rooted in the company’s philosophy.
The standards established by GRI are the first and most widely adopted global standards for sustainability reporting, providing a trusted reference for policymakers and regulators worldwide. They offer detailed guidance and metrics at an international level to help organisations publish sustainability reports and disclosures that are meaningful to stakeholders. IWC’s 2018 Sustainability Report reaffirms the company’s commitment to driving positive change and its vision of leading the way in the luxury watch segment by producing timepieces of the highest quality in a sustainable and profitable manner.
This includes working with customers, colleagues, business partners and the wider community to create long-term social and environmental value for society while staying growth-oriented. The watchmaker’s 2020 targets include reducing the volume and weight of primary packaging by 30%, doubling the percentage of women in management positions and reducing greenhouse gas emissions by 10%. Watch IWC's video on maintaining sustainability below: