Business Daily Media

Business Marketing

.

De Beers Group Reports on Progress Towards ‘Building Forever’ Sustainability Goals

2023 sustainability report communicates progress across key priority areas, focused on creating a positive impact in host countries and throughout the diamond value chain

HONG KONG SAR - Media OutReach Newswire - 22 May 2024 - De Beers Group recently announced the progress towards its 'Building Forever' sustainability goals, with key highlights including achieving a target to engage 5,000 women and girls in STEM (science, technology, engineering and mathematics) two years early, agreeing to establish a flagship Diamonds For Development Fund in Botswana, progressing key renewable energy projects in support of recently-validated science-based emission reduction targets, and scaling the development of Tracr, the pioneering diamond traceability platform.

Caption

Established in 2020, 'Building Forever' is De Beers Group's blueprint seeking to create a positive and sustainable impact for the people and places where its diamonds are discovered, closely aligned with stakeholder priorities. It encompasses four key focus areas where the company is working to support meaningful progress within its partner countries and the wider natural diamond value chain: leading ethical practices, partnering for thriving communities, protecting the natural world, and accelerating equal opportunity.

During 2023, De Beers continued to strengthen its relationships with government partners and a wide range of non-governmental organisations to support sustainable development outcomes in host communities. A major achievement was announcing a shared commitment with the Government of Botswana to set up a Diamonds for Development Fund as part of the agreement on a new 10-year sales agreement. With De Beers pledging an initial one billion Pula (~US$75 million), the Fund aims to support the country's emerging knowledge-based economy and accelerate its long-term economic diversification.

Recognising the potential for increased gender parity to support economic growth, productivity, and resilience within host communities, De Beers also made significant strides towards advancing women and girls in its partner countries. This included achieving an interim target – two years early – of engaging 5,000 young women and girls in STEM activities through school workshops, undergraduate fellowships, scholarships and mentoring by 2025. The EntreprenHER programme, which aims to support women entrepreneurs in southern Africa to grow their businesses, also continued during 2023. The programme has supported 2,645 women business owners since launching in 2018 and a three-year extension of the programme was also approved.

In confronting pressing climate-related priorities, De Beers also progressed key renewable energy projects in line with its greenhouse gas emission reduction targets, which were validated by the Science Based Targets initiative (SBTi) during 2023. This included working with Envusa Energy (a joint venture between Anglo American plc and EDF Renewables) to develop renewable energy infrastructure to provide 48 MW of power to the company's Venetia mine in South Africa from 2025 and progressing planning for a 34 MW wind farm in Namibia. De Beers also held its inaugural Scope 3 supplier summit, mandating carbon reporting for the company's Sightholders and securing commitments with key suppliers to work on aligned GHG reduction roadmaps.

In addition, De Beers continues to enhance its efforts on diamond provenance and traceability, a critical priority for the company, consumers and the industry at large. In 2023, De Beers expanded the pioneering blockchain platform, Tracr, opening it up to the wider industry and enabling participants to record a diamond's journey from source to store. De Beers is now registering more than two-thirds of its global production by value on the platform, with 1.5 million individual diamonds registered during 2023, bringing the total registered on Tracr to two million. A range of key industry businesses also joined the platform in 2023.

Al Cook, Chief Executive Officer of De Beers Group, said: "Every stage of a natural diamond's journey presents an opportunity to create a positive impact. We've long understood this at De Beers and it's why our sustainability efforts are so closely aligned with the sustainable development priorities of our partner countries. Natural diamonds are a vital source of economic development for many millions of people. Through Building Forever, we're working to ensure that every diamond we discover benefits the people and place it came from, with a priority focus on supporting community resilience, advancing women and girls and protecting nature.

"We continue our efforts to reduce our carbon footprint in line with our recently validated science-based emission reduction targets and are progressing investments in renewable energy to power our operations. Our leadership in diamond transparency and traceability also continued throughout 2023, underpinned by leading technologies, so that we can increasingly connect consumers with the provenance of their natural diamond and all the benefits it has delivered along its journey."

De Beers Group's full 2023 sustainability report is available to read here.

Hashtag: #DeBeers #NaturalDiamonds #buildingforever






The issuer is solely responsible for the content of this announcement.

About De Beers Group

Established in 1888, De Beers Group is the world's leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world's largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of De Beers Group's strategy as it develops a portfolio of offers that span the diamond value chain, including its jewellery houses, De Beers Jewellers and De Beers Forevermark, and other pioneering solutions such as diamond sourcing and traceability initiatives Tracr and GemFair. De Beers Group also provides leading services and technology to the diamond industry in the form of education and laboratory services via De Beers Institute of Diamonds and a wide range of diamond sorting, detection and classification technology systems via De Beers Group Ignite. De Beers Group is committed to ',' a holistic and integrated approach for creating a better future – where safety, human rights and ethical integrity continue to be paramount; where communities thrive and the environment is protected; and where there are equal opportunities for all. De Beers Group is a member of the Anglo American plc group. For further information, visit .

News from Asia

PTOUNX Exchange Milestone: Obtaining and Significance of the Canadian MSB License

COLORADO, UNITED STATES - Media OutReach Newswire - 12 June 2024 - PTOUNX Exchange has recently achieved a significant milestone by obtaining a Canadian MSB (Money Services Business) license, a cr...

The Global Expansion Strategy of PTOUNX Exchange: Connecting the World, Sharing the Future

COLORADO, UNITED STATES - Media OutReach Newswire - 12 June 2024 - PTOUNX Exchange has recently advanced significantly in its global expansion strategy, focusing on establishing a secure and inter...

The Compliance Breakthrough of PTOUNX Exchange in the US: Obtaining the MSB License

COLORADO, UNITED STATES - Media OutReach Newswire - 12 June 2024 - PTOUNX Exchange has recently achieved a significant regulatory milestone by securing the US Money Services Business (MSB) license...

St. George’s University, Grenada, West Indies: Five Pioneering Applications of AI in Medicine

SEOUL, SOUTH KOREA - Media OutReach Newswire - 13 June 2024 - South Korea is poised to become a medical AI powerhouse given its substantial investments in developing and implementing technology...

Allessenz Unveils Revolutionary 13100mg Five-Fold Active Collagen Peptide Beverage, leading a new trend in dietary health

LAUFEN, GERMANY - Media OutReach Newswire - 6 June 2024 - Allessenz, a leading innovator in the European dietary supplement market, today announced the launch of its groundbreaking 13100mg Five-Fo...

Shop, Save, and Celebrate in Singapore with the Great iShopChangi Sale & Father’s Day Steals

Gear up for a month of mega savings with the Great iShopChangi Sale running till 30 June! Discover unbeatable deals on top-tier tech, luxury liquors, fashionable finds, and beauty bests, all up to ...

Inaugural Virtual Debate Competition on Bigo Live, Moderated by UKM

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 12 June 2024 - BIGO Live, a Singapore-based global leader in social livestreaming platforms, co-hosted a six-day intellectual and educational de...

Galaxy Macau Unveils "Revel in an Oasis of Bliss" Wellness Campaign

Offering A Series of Health and Wellness Activities to Rejuvenate Body, Mind, and Spirit in the Luxurious Urban Oasis of Galaxy Macau MACAU SAR - Media OutReach Newswire - 13 June 2024 - Embracing...

Dobin Launches "Card Compass" Feature to Simplify Tracking and Maximising Credit Card Rewards

Dobin announces the launch of its “Card Compass” feature, redefining how users approach tracking and maximising credit card rewards. The company plans to introduce further enhan...

Homeone Euro Trading Celebrates 23 Years of Excellence and Introduces Licensed Aircon Installation Services

SINGAPORE - Media OutReach Newswire - 13 June 2024 - Homeone, a trusted name in providing licensed electric storage and gas heater installation, is proud to announce the celebration of its 23rd an...

Popular

Global Institute of Sport offer unique degrees and sports courses

THE Global Institute of Sport (GIS), the leading destination for educational Master’s degrees covering the world of football and the sports industry, will now offer degrees tailored  specifically to Australians.   For the fir...

Chocolate Factory calls on Australia Post for clarity on its perishables ban

Australian businesses are calling for Australia Post to clarify the ban it announced yesterday on perishable goods which starts June 30.    In a statement released yesterday, the taxpayer-owned company revealed foods such as...

7 Key Questions From Business Owners About Virtual Offices

Virtual offices have gained more and more popularity within the last few years. Moreover, they came to the attention of many business owners and entrepreneurs owing to the Covid-19 pandemic. Since virtual offices allow manag...