2023 Sustainability report

Appendices

Sustainability indicators

This table shows the total volume of water withdrawn in 2023 at two Rolex sites: Geneva and Bienne. In Geneva, the water withdrawal amounted to 353 thousand cubic meters (m³), while in Bienne, it was 120.73 thousand cubic meters. These figures form part of Rolex's sustainability indicators under the environmental category, emphasizing the company's focus on monitoring and managing its water usage across its production locations. — Water withdrawal at Rolex’s Geneva and Bienne sites in 2023, measured in thousands of cubic metres.

This table outlines the total volume of water discharged in 2023 at Rolex's Geneva and Bienne sites. The Geneva site discharged 278 thousand cubic meters (m³) of water, while the discharge volume for the Bienne site is not specified, denoted by a dash (""—""). These water discharge figures are part of Rolex’s sustainability indicators, reflecting the company’s monitoring of water management practices across its facilities. — Water discharge volumes at Rolex’s Geneva and Bienne sites in 2023, measured in thousands of cubic metres.

This table details the total waste generated by Rolex in 2023, broken down into industrial, production, and special waste categories, and by treatment methods. A total of 2,250 tonnes of industrial waste was generated, with 1,030 tonnes recycled, 1,150 tonnes incinerated, and 70 tonnes sent to landfill. Production waste amounted to 864 tonnes, all of which were recycled. Special waste totaled 876 tonnes, including 220 tonnes recycled, 330 tonnes recovered, 75 tonnes sent to landfill, and 251 tonnes treated via other methods, such as chemical treatments. In total, 2,114 tonnes of waste was recycled, 330 tonnes recovered, 1,150 tonnes incinerated, 145 tonnes sent to landfill, and 251 tonnes treated by other means. — Waste generated by Rolex in 2023, categorized by type and treatment method.

This table presents the composition of Rolex's vehicle fleet in 2023 across its Geneva and Bienne sites, comprising a total of 75 vehicles. In Geneva, 24 of the fleet are passenger vehicles, of which 18 (75%) are electric. The site also has 14 small vans, 6 of which are electric (43%), and 7 heavy goods vehicles, 3 of which are gas-powered (43%). In Bienne, the fleet consists of 11 passenger vehicles, with only 1 (9%) being electric, and 19 small vans, none of which are electric. Overall, 54% of Rolex’s passenger vehicles are electric, 18% of small vans are electric, and 43% of heavy goods vehicles are gas-powered. The fleet distribution shows that 47% of the vehicles are passenger vehicles, 44% are small vans, and 9% are heavy goods vehicles. — Overview of Rolex’s vehicle fleet in Geneva and Bienne for 2023, including the percentage of electric and gas-powered vehicles.

This table highlights the reduction in energy consumption at Rolex’s Geneva and Bienne sites from 2021 to 2023, focusing on Scopes 1 and 2 of the carbon footprint. The Geneva site achieved total final energy savings of 25,084 MWh in 2023, up from 13,933 MWh in 2021, resulting in cumulative CO₂ savings of 2,609 tonnes in 2023. The Bienne site saw energy savings rise to 8,874 MWh in 2023, from 5,657 MWh in 2021, with 629 tonnes of CO₂ saved. Overall, the total energy savings across both sites amounted to 33,958 MWh in 2023, with CO₂ savings reaching 3,238 tonnes, reflecting Rolex’s continued efforts to reduce its energy consumption and carbon emissions. — Reduction of energy consumption at Rolex’s Geneva and Bienne sites from 2021 to 2023, with cumulative savings in MWh and CO₂ equivalent.

This table presents the energy consumption for Rolex SA's Geneva and Manufacture sites in 2023, divided by type of energy source: grid electricity, solar electricity, natural gas, fuel oil, and pellets. The Rolex SA Geneva sites, including Acacias, Chêne-Bourg, Plan-les-Ouates, Perly, and other locations, consumed a total of 90,396,237 kWh of grid electricity, 539,116 kWh of solar electricity, 25,210,520 kWh of natural gas, and 393,687 kWh from fuel oil. The Manufacture sites, including Bienne and Le Locle, consumed 42,363,340 kWh of grid electricity, 915,611 kWh of solar electricity, and 311,978 kWh of natural gas. Bienne also utilized 900 tonnes of pellets, while Le Locle used 53 tonnes. The cumulative total energy consumption across all Rolex SA and Manufacture sites was 132,759,577 kWh of grid electricity, 1,454,727 kWh of solar electricity, 25,522,498 kWh of natural gas, and 953 tonnes of pellets. — Rolex’s energy consumption across its Geneva and Manufacture sites in 2023, broken down by energy source.

Responsible employer

This table details the number of employees hired by Rolex in 2023, broken down by age category and gender. The largest group of hires was between the ages of 20–29, accounting for 471 hires (42.7%), with 218 females and 253 males. The 30–39 age group followed, with 278 hires (25.2%), comprising 118 females and 160 males. The 40–49 age group accounted for 145 hires (13.2%), with 62 females and 83 males. The number of hires for those aged 50–59 was 56 (5.1%), with 38 females and 18 males, and two employees aged 60 and over were hired. Additionally, 150 employees under the age of 20 were hired, representing 13.6% of total hires, with 47 females and 103 males. In total, Rolex hired 484 females (43.9%) and 618 males (56.1%), making up the 1,102 total new hires in 2023. — Rolex’s total number of employees by gender and region in 2023, with a workforce of 9,906 across the Geneva and Bienne sites.

This table shows the number of employees hired by Rolex in 2023, divided by region. Geneva accounted for 495 new hires, representing 45% of the total, while Bienne hired 607 employees, making up 55% of the total. Overall, Rolex hired 1,102 employees in 2023, with the majority of new hires based in Bienne. — Distribution of Rolex’s new hires by region in 2023, with 1,102 employees hired across the Geneva and Bienne sites.

This table displays the employee turnover rates at Rolex’s two main sites in 2023. Geneva experienced a turnover rate of 5%, while Bienne's turnover rate was slightly lower at 4.3%. These figures provide insight into the employee retention levels at Rolex's key locations for the year. — Employee turnover rates at Rolex’s Geneva and Bienne sites in 2023.

This table outlines the number of employees at Rolex who benefited from various types of leave in 2023. A total of 114 employees took maternity leave, 178 employees benefited from paternity leave, and 15 employees took educational leave. Overall, 307 employees utilized these leave options in 2023, demonstrating Rolex’s support for parental and educational leave within its workforce. — Number of Rolex employees who benefited from parental and educational leave in 2023, totaling 307.

This table shows the percentage of Rolex employees who underwent a performance review in 2023. Among senior executives and managers, 89.9% received a review. For other employees, 99.4% underwent a performance evaluation. In the Expertise Sector, 98.3% of employees were reviewed, while in the Management Sector, the figure was 98.2%. The total percentage of Rolex employees receiving a performance review in 2023 was 98.8%, reflecting the company’s commitment to employee development and evaluation across all levels. — Percentage of Rolex employees who received a performance review in 2023, with an overall rate of 98.8%.

About this report

Rolex’s sustainability policy and related initiatives have been reported internally since 2017. This year, the brand is making this report public to highlight its commitment to CSR.

Scope of the report

The elements described in this document concern the activities carried out by the various administrative and production sites in Switzerland of Rolex SA, a limited company under Swiss law with its headquarters in Geneva, as well as Manufacture des Montres Rolex SA based in Bienne. When the term Rolex is used, it should be understood as encompassing the entire scope described here. Rolex SA groups together the various sites established in the canton of Geneva. Manufacture des Montres Rolex SA includes the Bienne site.

Scope of the ODiTr

The chapter on Rolex’s Supply Chain as well as the section dedicated to governance, ethics and compliance in the Governance chapter cover the legal requirements in relation to the Federal Ordinance on due diligence and transparency obligations regarding minerals and metals from conflict-affected areas and child labour of 3 December 2021 (ODiTr). The ODiTr’s scope applies to Rolex SA, Manufacture des Montres Rolex SA, Rolex Promotions SA, Roldeco SA, Montres TUDOR SA and Manufacture TUDOR SA. This group is also known as the ‘Rolex group’.

Scope of the carbon footprint

When calculating its carbon footprint, Rolex has worked on a broader scope to reinforce the impact of its climate strategy initiatives. This covers the activities of Rolex SA, Manufacture des Montres Rolex SA, Roldeco SA, Swiss affiliates and foreign service and distribution affiliates.

In 2023, in line with the results of its carbon footprint, Rolex submitted its greenhouse gas emissions reduction targets to the Science-Based Targets initiative for the entire scope involved in its carbon footprint calculation, with the addition of TUDOR SA, an affiliate of Rolex SA.

Reporting period

Acting as the first milestone that will make it possible to measure Rolex’s sustainability performance and progress in the future, this report covers the period of activity from 1 January 2023 to 31 December 2023.

Language

This report was written in French and translated into English. French is therefore the reference language.

External assurance

This report will not be audited externally.

Contact

If you have any specific queries about the information contained in this report, please contact the Impact and Sustainability Department at the following address: ch.ge.durabilite@rolex.com

Publication date

Sustainable development