Watches of Switzerland Group PLC

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Strong Watches of Switzerland Group provides a solid level of transparency around its climate-related lobbying. It explicitly identifies two concrete UK policy initiatives it seeks to influence – backing the proposed “Better Business Act” to amend Section 172 of the Companies Act and advocating for “a proposed change to UK law to regulate embedding the principles of the Circular Economy.” The company explains that it pursues these objectives indirectly, stating that it is “a signatory of the Better Business Act” and that it engages policymakers “as part of a Task Force, led by the responsible business network, Business in the Community,” thereby clarifying both the coalition-based mechanism and the ultimate target, the UK Government. The desired outcomes are clearly articulated: it wants directors to be “legally responsible for benefiting workers, customers, communities and the environment while delivering profit,” believes that “changes to Section 172 … would support the achievement of our climate goals, particularly the reduction of Scope 3 emissions,” and seeks to “embed a shared definition of circular economy and actions through policy change and public promotion” alongside “clear Government policy and targets” to accelerate circular economy adoption. Together, these disclosures outline the specific laws, the methods of engagement, the governmental audiences, and the concrete climate-related results the company is pursuing. 3
Lobbying Governance
Overall Assessment Comment Score
None Watches of Switzerland Group PLC outlines a robust governance framework for climate-related risk and sustainability, describing an integrated "Sustainability Strategy" with "three pillars; People, Planet and Responsible Sourcing" and a dedicated "ESG Committee" that "meets quarterly to discuss and address climate-related issues," complemented by an "Audit Committee" which in 2021 reviewed outcomes of a "Climate Scenario analysis." The company also highlights an "ESG Steering Group" chaired by its CFO and an "Environment Working Group" focused on collaboration across the value chain. However, we found no evidence of any governance process associated with its lobbying activities—there is no mention of how direct or indirect lobbying is overseen, monitored, or aligned with the company's climate strategy, nor is there any description of a policy, sign-off mechanism, or responsible individual tasked with reviewing policy engagement. 0