Climate Change Data

Environmental Metrics

ESG Focus Areas

• Planet Conscious
• People First
• Leading the Way

Environmental Achievements

• Reduced packaging emissions by 47% since 2020
• Successfully reduced manufacturing carbon footprint by 51%
• Average renewable energy across Tier 1 jewellery suppliers is 32%
• Introduced lab-grown diamonds, predicted to reduce carbon footprint by 11%
• 100% recycled silver and gold used
• 100% recyclable, FSC-certified paper packaging
• Zero-to-landfill waste procedures in place across all offices

Social Achievements

• Launched a work experience programme for students with less access to career opportunities
• Donated £15,000 to Women for Women International
• Donated £25,000 to The Trevor Project and Stonewall UK
• 133 volunteering hours
• 14 trained mental health first aiders
• 75% of Directors and 50% of C-suite identify as women
• Accredited Living Wage Employer in the UK

Governance Achievements

• 6 C-suite and director-level members in Sustainability Steering Committee
• 100% of Tier 1 jewellery and leather suppliers are UN Global Compact members and WEPs signatories
• 100% of Tier 1 jewellery suppliers certified with the RJC Code of Practices
• 100% of refineries work with are RJC Chain of Custody certified
• Won 6 ESG awards in 2022-23

Climate Goals & Targets

Environmental Challenges

• Traceability challenges within the jewellery industry
• Lack of transparency in the pearl industry
• 99.7% of emissions fall under Scope 3 (beyond direct control)
• Significant lack of research in the sustainability of mining raw materials like gemstones
• Lack of standardized emission factors for precious stones

Mitigation Strategies

• Launched Product Passport programme for traceability
• Working to onboard more gemstones with mined origins to Mine to Market programme
• Investing in pearl traceability
• Introducing lab-grown diamonds made with 100% certified renewable energy
• Improving gemstone traceability to better measure emissions
• Working with an expert consultancy to create a robust plan of action to reduce Scope 3 emissions
• Prioritizing renewable energy use, targeting zero emissions increase across Scopes 1 and 2

Supply Chain Management

Supplier Audits: 4 completed audits of Tier 2 suppliers

Responsible Procurement

• RJC Code of Practices
• Supplier Code of Conduct
• Mine to Market programme
• Product Passport programme

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products (lab-grown diamonds)

Reporting Standards

Frameworks Used: UN Sustainable Development Goals, UN Global Compact, UN Women’s Empowerment Principles, Responsible Jewellery Council (RJC)

Certifications: RJC Code of Practices, RJC Chain of Custody, ISO 14001 (some refineries), FSC, GRS (for 50% of jewellery pouches), Butterfly Mark (Positive Luxury)

Third-party Assurance: Seismic

UN Sustainable Development Goals

• 5 Gender Equality
• 8 Decent Work and Economic Growth
• 10 Reduced Inequalities
• 12 Responsible Consumption and Production
• 13 Climate Action
• 17 Partnerships for the Goals

Goals are integrated into strategy and everyday decision-making.

Sustainable Products & Innovation

• Lab-grown diamonds

Awards & Recognition

• The Queen’s Award for Enterprise: Sustainable Development
• Marie Claire’s Best Sustainable Luxury Jewellery brand
• Positive Luxury’s Responsible Luxury Business of the Year (2 years)
• Retail Jeweller’s Jewellery Brand of the year and Ethical/ Sustainable Jewellery Business of the year