Overall Net-Zero Target: Watches of Switzerland Group commits to achieve net-zero greenhouse gas emissions across the value chain by FY2050. Near-Term Targets: Watches of Switzerland Group commits to reduce absolute scope 1 GHG emissions 42.0% by FY2030 from a FY2024 base year. Watches of Switzerland Group also commits to increase active annual sourcing of renewable electricity from 67.0% in FY2024 to 100% by FY2025 and to continue active annual sourcing of 100% renewable electricity through 2030. Watches of Switzerland Group further commits to reduce absolute scope 3 GHG emissions 42.0% by FY2030 from a FY2024 base year. Long-Term Targets: Watches of Switzerland Group commits to reduce absolute scope 1 GHG emissions 90.0% by FY2050 from a FY2024 base year. Watches of Switzerland Group also commits to continue active annual sourcing of 100% renewable electricity from FY2030 through FY2050. Watches of Switzerland Group further commits to reduce absolute scope 3 GHG emissions 90.0% by FY2050 from a FY2024 base year.