LUXURY watch brand IWC Schaffhausen has won the GEO Award in its first-ever entry into the industry competition Factory of the Year. The Global Excellence in Operations awards are given by SV Veranstaltungen and Kearney.

The brand was given the award for its sustainability in production and its improvement of its product. According to a release, “Examples included the use of advanced techniques for data analysis. From the production of a product and all test steps right up to service and customer feedback, comprehensive data on quality is collected and evaluated at IWC. The findings from this regularly feed into the improvement of processes. IWC’s performance in the area of sustainability was also particularly highlighted — for example, energy efficiency in production, the avoidance of waste and the ‘Great Place to Work’ certification as an employer.”

The prizes will be officially awarded on June 21 to 23, 2021, at the Neckar Forum in Esslingen, Germany.

The company has been around since 1868, and while it exists today under the Richemont group, it had an interesting history, counting even Carl Jung as one of their leaders.

Said Andreas Voll, COO of IWC Schaffhausen, “For over 10 years, we have been addressing the subject of operational excellence as part of various strategic programmes, and have since then been able to achieve far-reaching improvements across the entire value-added chain. In the areas of quality, service and sustainability, in particular, we have achieved huge successes in doing so. The fact that we were able to win the major accolade of the GEO Award the very first time we took part in the competition is a great affirmation of our work, but at the same time is a great motivation for continuing to work on the ongoing improvement of our processes and products.”