Brilliant Earth, LLC
Climate Impact & Sustainability Data (2020-2021, 2022)
Reporting Period: 2020-2021
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:138,710 kWh (2020), 290,010 kWh (2021)
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Transparency
- Sustainability
- Compassion
- Inclusivity
Environmental Achievements
- Reduced paper-based packaging in consumer boxes while maintaining 100% FSC-certified recycled content; estimated 89.95 tons of CO2 conserved in 2021.
- 93% of gold and 99.8% of silver sourced from recycled sources.
- Offset more than 4,000 metric tons of CO2e through carbon offsetting partnerships since 2018.
Social Achievements
- Launched Moyo Gems Collection, empowering female artisanal miners in Tanzania.
- Established the Brilliant Earth Foundation with a $1,000,000 grant.
- Employee volunteering hours more than tripled from 2020 to 2021.
Governance Achievements
- Maintained robust policies to prevent corruption, bribery, and other ethical and legal issues.
- Completed 100% AML training for employees involved in potentially implicated activities in 2021.
- RJC certified.
Climate Goals & Targets
Long-term Goals:
- Neutralize Scope 2 and 3 emissions by 2030.
Medium-term Goals:
- Achieve zero waste in showrooms and corporate spaces by 2030.
Short-term Goals:
- Measure and publish science-based GHG emissions reduction targets by 2022.
- Establish guidelines for energy, pollution, water, and waste impacts of new construction by 2022.
- Integrate sustainability into design and manufacturing processes by 2022.
- Reduce paper-based packaging by 2022.
- Promote circularity by 2022.
- Neutralize quantifiable pre-2018 Scope 1 and 2 emissions by 2023.
- Conduct a Lifecycle Assessment of key raw materials by 2023.
- Increase blockchain diamonds to 20% of natural diamond inventory by 2023.
- Support Mutual Recognition and 100% participation of moderate to high-risk Tier 1 and 2 vendors by 2023.
- Double employee volunteering hours by 2023.
- Identify a focused leader for DEI program by 2023.
- Eliminate single-use plastics in showrooms and corporate spaces by 2025.
- 50% of lab-grown diamonds certified to an environmental product standard by 2025.
- 100% of gold and silver sourced from recycled sources by 2025.
- Communicate key metrics on factory audit findings by 2025.
- Support new Fairmined certifications and increase Fairmined gold purchases year over year by 2025.
Environmental Challenges
- Obtaining information about gemstone mining conditions and traceability.
- Health and safety risks to labor in Tier 2 cutting and polishing manufacturers.
Mitigation Strategies
- Partnering with colored gemstone suppliers to improve standards and traceability.
- Requiring suppliers to comply with the Supplier Code of Conduct, which addresses safe working conditions and fair labor practices.
- Utilizing a combination of labor audit protocols (Mutual Recognition) for compliance evaluation.
Supply Chain Management
Supplier Audits: 92% of Tier 1 natural diamond suppliers and 95% of Tier 2 natural diamond manufacturers audited by end of 2021; 77% of Tier 1 jewelry suppliers and 81% of Tier 2 jewelry manufacturers audited by end of 2021.
Responsible Procurement
- Supplier Code of Conduct
- Chain of Custody Protocol for natural diamonds
- Recycled Precious Metals Policy
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: SASB (Consumer Goods and Extractives & Minerals Processing sectors), GRI, RJC
Certifications: RJC
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Beyond Conflict Free Diamonds™, lab-grown diamonds, recycled diamonds, jewelry made with recycled precious metals.
Awards & Recognition
- 2021 and 2022 Built In Best Places to Work in Colorado
- 2021 and 2022 Built In Best Midsize Places to Work in Colorado
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:403 metric tonnes of CO2e (Scope 2) + 962 tonnes CO2e (Scope 3)
Scope 2 Emissions:403 metric tonnes of CO2e
Scope 3 Emissions:962 metric tonnes of CO2e
Total Energy Consumption:962,639 kWh/year
ESG Focus Areas
- Transparency
- Sustainability
- Compassion
- Inclusion
- Governance
Environmental Achievements
- 98% recycled gold and 97% recycled silver used in products.
- Offset corporate emissions since 2018.
- Purchased Green-e certified Renewable Energy Credits (RECs) for corporate electricity use.
- Purchased Verified Emissions Reductions (VERs) in the Sky Wind Project in India.
Social Achievements
- More than tripled donations from 2021 to 2022, totaling $518,000.
- Employees volunteered 521 hours at 26 organizations.
- Launched Moyo Gems, an ethical gemstone collaboration empowering female artisanal miners.
- Offered extended sizing at no additional cost in Rings for Everyone assortment.
Governance Achievements
- Established and implemented guidelines for energy, pollution, water, and waste impacts of new construction.
- Tied a portion of executives’ bonuses to ESG Goals.
- Zero reported incidents of violations of anti-money laundering, anti-corruption, and ethical behavior policies.
Climate Goals & Targets
Long-term Goals:
- Achieve zero waste in showrooms and corporate spaces by 2030.
Medium-term Goals:
- 100% of gold and silver from recycled or Fairmined sources by 2025.
- Neutralize Scope 2 and 3 emissions by 2030.
- Eliminate single-use plastics in showrooms and corporate spaces by 2025.
- Support new Fairmined certifications of ASM gold mines and increase purchases of Fairmined gold year-over-year.
Short-term Goals:
- Reduce the amount of paper-based packaging while maintaining 100% FSC Recycled content.
- Integrate sustainability into design and manufacturing processes.
- Promote circularity through repair, refurbishment, diamond upgrade, metal credit program, and recycled diamond offerings.
- Double employee volunteer hours.
Environmental Challenges
- Traceability challenges in small-scale gemstone mining.
- Limited availability of recycled sources for certain components.
- Complex area of traceability and verification of recycled precious metals.
Mitigation Strategies
- Partnering with long-term gemstone suppliers to improve traceability.
- Working with suppliers to increase the percentage of recycled platinum.
- Using the Responsible Minerals Initiative’s Downstream Assessment Program to verify suppliers of gold and silver jewelry.
Supply Chain Management
Supplier Audits: 93% of Tier 1 natural diamond suppliers, 96% of Tier 2 natural diamond manufacturers, 86% of Tier 1 jewelry suppliers, 89% of Tier 2 jewelry manufacturers, 92% of Tier 2 lab diamond manufacturers audited.
Responsible Procurement
- Supplier Code of Conduct
- Chain of Custody Protocol
- Recycled Precious Metals Policy
- Beyond Conflict Free™ standard
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB, GRI 2021 Universal Standards
Sustainable Products & Innovation
- Beyond Conflict Free™ diamonds
- Truly Brilliant™ lab grown diamonds
- Recycled precious metals
- Fairmined gold
Awards & Recognition
- Built In’s Best Places to Work
- VIBE Best Medium Sized Company