Georg Jensen A/S
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:1769 tCO2e/year
Scope 1 Emissions:49 tCO2e/year
Scope 2 Emissions:1720 tCO2e/year
Water Consumption:28117 m3/year
Waste Generated:266 tons/year
ESG Focus Areas
- Planet
- People
- Product
- Processes
Environmental Achievements
- Achieved 100% certified and recycled gold in jewellery production (from January 1, 2023)
- Reached 50% recycled silver in jewellery production (aiming for 100% by end of 2024)
- 98.9% of waste generated at significant locations recycled or incinerated for energy recovery
Social Achievements
- Launched "A Day to Give" initiative, with over 2,600 employee volunteer hours
- 64% of all employees are women, 55% of management are women
- 1200+ days without lost-time work-related injuries in Thailand factory
Governance Achievements
- Zero significant instances of non-compliance with laws and regulations in 2022
- Zero confirmed incidents of corruption in 2022
- 100% of new suppliers screened for environmental and social criteria
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality in alignment with the Paris Agreement
Medium-term Goals:
- Set targets for all CO2 emissions
- Develop roadmap for reducing emissions and achieving carbon neutrality
Short-term Goals:
- Reach 100% recycled silver usage in jewellery production by end of 2024
- Increase Global Code of Conduct training to 80% of staff in 2023
Environmental Challenges
- Economic uncertainties impacting business, employees, and customers due to the war in Ukraine
- Cost pressures from shifting economic outlook
- Data limitations for comprehensive Scope 3 emissions and some retail store data
Mitigation Strategies
- Halted sourcing of raw materials from Russia and Belarus and sales to those countries
- Continued commitment to sustainability as an integral part of long-term strategy
- Adopted GRI Standards for more comprehensive sustainability reporting and target setting
Supply Chain Management
Supplier Audits: 100% of new suppliers screened; 80% of 25 key Home decoration suppliers assessed; 4 jewellery suppliers assessed
Responsible Procurement
- Supplier Code of Conduct covering environmental and social criteria
- Know Your Counterpart (KYC) procedures
- Due diligence and improvement plans for high-risk suppliers
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards, UN Global Compact, Responsible Jewellery Council (RJC)
Certifications: ISO 9001:2015 (Thailand factory), Chain of Custody Certification (CoC) for recycled gold
UN Sustainable Development Goals
- 3
- 8
- 10
- 12
- 5
- 7
- 13
- 17
The report details how various initiatives contribute to these SDGs.
Sustainable Products & Innovation
- Jewellery made with 100% recycled gold (from January 1, 2023); jewellery with >50% recycled silver