Some customers of the world’s leading diamond company, De Beers have shown commitment to becoming carbon neutral. This move has been necessitated as a result of an ambitious step towards creating a completely sustainable and responsible diamond pipeline.
Nine diamond companies at a milestone meeting led by industry advisors Gemdax joined by De Beers, put forward a commitment to work towards a completely sustainable and ethical supply chain and transform the midstream as well.
The nine diamond companies involved are the D Navinchandra Gems, Dianco, Diamant Impex, Diarush, HVK International, Hari Darshan, H Dipak and Co, Yaelstar, and StarRays. These companies have all committed to developing concrete roadmaps to reduce carbon emissions, which will be reviewed and assessed every six months.
The move comes about due to consumers increasingly demanding that not only are diamonds to be mined and sourced responsibly, but that the manufacturing and trading process is consistent with their values and environmental views, which includes having a net zero carbon footprint.
EVP marketing at De Beers, Stephen Lussier stated that,
“There is no task more important than inspiring consumers with what we call the ‘Diamond Dream’. Our mission is to educate consumers on the industry and positive social contribution diamonds make to the world today.”
Anish Aggarwal, Gemdax partner also said,
“This work builds on the tremendous efforts De Beers has made to create sustainable mining. As a next phase, it was important to bring the midstream on board. Without them, we can’t complete the picture and give the consumer what they increasingly want, which is a sustainable diamond from the mine to their finger.”
According to reports, many individuals, companies and countries around the world have made a commitment to being carbon neutral. This means taking action to reduce their greenhouse gas emissions to zero and then offsetting an equivalent amount of any remaining emissons.
Manufacturing typically emits carbon in its use of conventional electricity sources, transport and distribution methods.
The report also says that, through 100 per cent renewable energy carbon emission will reduce. That is utilising energy efficiency at scale to reduce energy demand, and simultaneously decentralising and decarbonising power generation and transmission so renewables can make a stable contribution to help with carbon neutralization.
The second way it said, is with a high share of renewables but using technologies that result in ‘negative emissions.’
