IWC SCHAFFHAUSEN

IWC SCHAFFHAUSEN is owned by Richemont.

Our “Planet” rating evaluates brands based on the environmental policies in their supply chains, from carbon emissions and wastewater to business models and product circularity. Here we rate IWC SCHAFFHAUSEN “Not Good Enough”. These are a few factors influencing its score:

• It uses few lower-impact materials, and it does not publish an aggregate breakdown of materials used.
• There’s no evidence it’s set a target to manage water use in its supply chain.
• It’s set a science based target to reduce greenhouse gas emissions in both its direct operations and supply chain but there’s no evidence it is on track.
• To minimise waste, it recycles some of its scraps.

Workers’ rights are central to our “People” rating, which assess brands’ policies and practices on everything from child labour to living wages and gender equality. Here we rate IWC SCHAFFHAUSEN “Not Good Enough”. These are a few factors influencing its score:

• Much of its final stage is located in low risk countries or certified facilities.
• There’s no evidence it provides financial security to its suppliers, which can result in poor working conditions and wages.
• There’s no evidence it supports diversity and inclusion in its supply chain.
• Its Code of Conduct covers ILO principles.
• There’s no evidence it ensures workers are paid living wages in its supply chain.
• During the height of the Covid-19 pandemic, it did not disclose adequate policies or safeguards to protect workers in its supply chain from the virus.

Brands’ animal welfare policies and, where applicable, how well they trace their animal-derived products are the focus of our “Animals” rating. Here we rate IWC SCHAFFHAUSEN “Not Good Enough”. These are a few factors influencing its score:

• It’s published a general statement about minimising animal suffering but not a formal animal welfare policy.
• It appears to use leather, crocodile skin, and other animal products.
• It doesn’t appear to use fur, angora, shearling, wool, cashmere, alpaca, mohair, or down.

Based on all publicly available information we’ve reviewed, we rate IWC SCHAFFHAUSEN “Not Good Enough” overall.