Recarlo
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:56,550 kg CO2e reduction
ESG Focus Areas
- Diverse and inclusive business practices
- Workplace safety and wellbeing
- Waste reduction
- Compliance and legislation
- Charitable donations
- Fair business practices across the entire value chain
- Responsible water use
- Communication and transparency
- Sustainable development for the local community
- Responsible packaging
- Responsible procurement and traceability
- Low-impact materials
- Energy efficiency and climate action
- Investment in training and developing talent
- Corporate ethics and integrity
- Nurturing artisan workers and supporting craftsmanship
Environmental Achievements
- Reduced greenhouse gas emissions by 56,550 kg (CO2) equivalent to planting 1,680 trees through solar panel installation.
- Reduced single-use plastics by installing water dispensers, saving around 16,800 plastic bottles and cutting 2,400 kg of greenhouse gas emissions.
- Switched to biodegradable plastics made from renewable materials.
- Uses FSC certified paper for all documents and sales materials.
Social Achievements
- Provided 462 hours of Excel training and 480 hours of Business English training to employees.
- Continued support for the “Mani Intelligenti” Foundation, training new generations of master goldsmiths.
- Implemented a “Covid 19” insurance policy to protect associates.
Governance Achievements
- Shared Anti-corruption Policy with all stakeholders and published it online.
- Complied with all anti-corruption legislation, standards and regulations.
- Engaged with suppliers on monitoring activities, worker safety training, and community development (as members of the RJC).
Climate Goals & Targets
Long-term Goals:
- Create a Capsule Collection using only ethical gold.
Short-term Goals:
- Quantify, reduce, and offset CO2 emissions to achieve Carbon Neutrality.
- Design new price tags using fully recycled material.
- Provide a QR Code for every item of jewellery, charting its history and including diamond certifications.
Supply Chain Management
Responsible Procurement
- Kimberley Process Certification Scheme implementation
Climate-Related Risks & Opportunities
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:24.05 tCO2e
ESG Focus Areas
- Diverse and inclusive business practices
- Workplace safety and wellbeing
- Waste reduction
- Compliance and legislation
- Charitable donations
- Fair business practices across the entire value chain
- Responsible water use
- Communication and transparency
- Sustainable development for the local community
- Responsible packaging
- Responsible procurement and traceability
- Low-impact materials
- Energy efficiency and climate action
- Investment in training and developing talent
- Corporate ethics and integrity
- Nurturing artisan workers and supporting craftsmanship
Environmental Achievements
- Offset 12.43 tonnes of CO2 emissions through DHL’s GoGreen service.
- Switched to price tags made from 100% recycled plastic.
- Solar power system saved 63,540 kg of greenhouse gas emissions (CO2).
Social Achievements
- Launched Recarlo Academy training for sales staff.
- Provided Excel and Business English courses for employees (totaling 942 hours).
- Developed a company welfare platform (to launch in January 2023).
- Continued support for the “Mani Intelligenti” Foundation.
- Maintained 100% permanent contracts for 44 employees (89% women, 84% in Valenza or its province).
Governance Achievements
- Established a Sustainability Committee.
- Shared anti-corruption policy with all stakeholders and published it online.
- Implemented the World Diamond Council International System of Warrantees.
Climate Goals & Targets
Short-term Goals:
- Launching the Welfare Platform
- Replacing lighting system with LED bulbs
- Reducing and/or offsetting CO2 emissions
Environmental Challenges
- Reducing environmental impact from air and road transport.
Mitigation Strategies
- Offsetting 52% of greenhouse gas emissions from transport through GoGreen.
Supply Chain Management
Responsible Procurement
- 80% of gold sourced from RJC certified Precious Metal Banks
- Implementation of the World Diamond Council International System of Warrantees
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Price tags made from 100% recycled plastic