The Times Australia
News From Asia

.

De Beers on Pace to Deliver on Ambitious 2030 Sustainability Goals and Create Enduring Positive Impact for People and The Planet

2022 sustainability report highlights milestones in climate ambition and ethical leadership of the diamond industry

HONG KONG SAR - Media OutReach - 5 June 2023 - De Beers Group provided an update on progress toward its 2030 'Building Forever' sustainability goals.

The goals were set in 2020 and are De Beers' blueprint for creating a positive and sustainable impact in its host countries and throughout the diamond value chain. They span four pillars: leading ethical practices, partnering for thriving communities, protecting the natural world, and accelerating equal opportunity.

Building ForeverTM is De Beers
Building ForeverTM is De Beers' commitment to creating a positive lasting impact that will endure well beyond the discovery of our last diamond.

During 2022, De Beers saw advances across all four Building Forever pillars and all 12 goals, which included reductions in water use and energy intensity, innovations in diamond tracing technology, increased representation of women in senior leadership and progress toward its climate commitments.

A notable milestone was setting science-based climate targets across Scope 1, 2 and 3 emissions, which were validated by the Science Based Targets initiative (SBTi). De Beers' near-term science-based targets are to reduce absolute Scope 1 and Scope 2 emissions 42 per cent by 2030 and to reduce absolute Scope 3 emissions 25 per cent within the same timeframe. In setting the targets across all three scopes, De Beers is extending its climate ambition over and above its existing commitment to be carbon neutral across Scope 1 and 2 emissions by 2030.

The science-based targets represent the reductions required by SBTi to align with the goals of the Paris Agreement on climate change. However, under its existing carbon neutral commitment and with the implementation of its 'Reduce and Replace' strategy, De Beers expects to exceed its science-based targets for reducing Scope 1 and 2 emissions by 2030.

De Beers also accelerated the pace of innovation and investment in its blockchain provenance platform, Tracr. The platform was deployed at scale in 2022 and enables participants to provide assurance of a diamond's source as it travels through the value chain. More than half of De Beers' global production by value is now being registered on Tracr, which was named by Forbes as one of the world's 50 leading blockchains for the third time.

Al Cook, CEO, De Beers Group, said: "De Beers has a simple core belief that informs everything we do: that the diamonds we discover, belong to the communities and countries in which they are found. We are inspired by the beauty and rarity of natural diamonds and the natural world, and we know how precious diamonds are – not only for the people who wear them, but for all those they touch along the way.

"Building Forever is about taking a long-term view and working hand-in-hand with the communities in which we live and work to shape a better future. From addressing the climate crisis to supporting communities to prosper and providing our clients with a deeper connection to the origin and impact of their diamond by developing breakthrough technology, Building Forever will continue to guide every decision De Beers makes and touch every diamond we discover."

The 2022 sustainability report provides a detailed overview of the Building Forever pillars and goals, along with key progress toward each – a summary of which follows:

Leading ethical practices

De Beers is committed to advancing industry standards, enhancing the transparency of diamond provenance and improving the livelihoods of artisanal miners.

Key highlights include:

  • Increased the number of entities participating in the Best Practice Principles, the company's set of leading ethical, social and environmental standards which are independently audited, to 2,690 from 2,283 in 2021.
  • Launched the Tracr blockchain platform at scale, enabling diamond origin to be immutably recorded from source to store. More than half of De Beers' global rough diamond production by value is now being registered on Tracr.
  • Increased the number of mine sites participating in GemFair, De Beers' programme to support the formalisation of the artisanal mining sector, to 263 from 219 in 2021. The programme also provided fair and equitable finance to support the operations of 49 members.

Protecting the natural world

De Beers understands that for its business and host communities to thrive, it must protect the natural world. In all of its activities, De Beers follows best practices for biodiversity and water management, air quality, greenhouse gas emissions, waste and mine closure and rehabilitation.

Key highlights include:
  • Achieved a 14 per cent reduction in freshwater withdrawals and a four per cent reduction in energy intensity compared with 2021.
  • In partnership with Anglo American and EDF Renewables, commenced development of more than 70 MW of renewable energy projects in southern Africa.
  • Invested $2 million in Kelp Blue, a start-up that grows underwater kelp forests off the coast of Namibia, which can absorb carbon up to 50 times faster than land-based forests. In addition to supporting De Beers' carbon neutral commitment, Kelp Blue will also create jobs and support sustainable economic development in Namibia.
  • Marked the 20th anniversary of the Diamond Route, the 500,000-acre network of conservation sites that De Beers manages across southern Africa, protecting more than 50 mammal species.
  • Continued Okavango Eternal, a partnership with National Geographic to protect the critically important headwards of the Okavango Delta. Progress included installing innovative water monitoring technology, deepening research and understanding, and engaging with communities on soil-friendly farming methods.

Partnering for thriving communities

De Beers is focused on working with a range of stakeholders to help build a sustainable future and contribute to a better quality of life in its host communities, with particular emphasis on health and wellbeing, education and skills development, economic diversification, and livelihood support.

Key highlights include:
  • Marked two decades since the introduction of De Beers' pioneering HIV programme to provide free and confidential treatment to employees and their families living with HIV and AIDS. The programme has helped to save an estimated 650 lives during this time and has also ensured there have been no cases of mother-to-child HIV transmission among De Beers employees or their partners for 14 consecutive years.
  • In collaboration with Right to Care, rolled out a community-oriented primary care partnership to strengthen medical clinics in southern Africa, prioritising areas that lacked medical provision.
  • Supported 420 students in securing 12-month internships in different sectors through a partnership with International Youth Foundation.
  • A total of 18 southern Africa-based companies completed the Stanford Seed Transformation entrepreneurship programme that De Beers supports in partnership with Stanford University.
  • In total, more than 3,340 jobs were supported by De Beers through various socioeconomic development projects and initiatives and 71 per cent of its goods and services were procured from local suppliers.

Accelerating equal opportunity

De Beers is focused on accelerating economic inclusion and supporting diverse voices to help shape the future of its business, host communities and society at large, with a particular focus on addressing the historical underrepresentation of women in its talent pipeline and encouraging fresh and diverse talent into the diamond jewellery sector.

Key highlights include:
  • At the end of 2022, women comprised 33 per cent of senior management positions within De Beers Group (up from 31 per cent in 2021).
  • Extended the partnership with WomEng, a highly regarded social enterprise committed to helping women and girls pursue careers in engineering and technology, for another three years.
  • Since 2018, De Beers has provided 89 scholarships to women studying STEM at universities in Canada, has reached more than 3,700 school students in southern Africa through STEM workshops, and has supported more than 2,400 women entrepreneurs to grow their businesses.
  • Provided funding for a free 12-week jewellery making course for teens in New York City, which aims to fill the void of limited access to jewellery studios for teenage designers. De Beers also established an internal Equity, Diversity & Inclusion (EDI) Council bringing volunteers from across the business to deepen understanding of the company's diverse workforce and further cultivate an inclusive culture.

De Beers Group's full 2022 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 .





Times Magazine

DIY Is In: How Aussie Parents Are Redefining Birthday Parties

When planning his daughter’s birthday, Rich opted for a DIY approach, inspired by her love for drawing maps and giving clues. Their weekend tradition of hiding treats at home sparked the idea, and with a pirate ship playground already chosen as t...

When Touchscreens Turn Temperamental: What to Do Before You Panic

When your touchscreen starts acting up, ignoring taps, registering phantom touches, or freezing entirely, it can feel like your entire setup is falling apart. Before you rush to replace the device, it’s worth taking a deep breath and exploring what c...

Why Social Media Marketing Matters for Businesses in Australia

Today social media is a big part of daily life. All over Australia people use Facebook, Instagram, TikTok , LinkedIn and Twitter to stay connected, share updates and find new ideas. For businesses this means a great chance to reach new customers and...

Building an AI-First Culture in Your Company

AI isn't just something to think about anymore - it's becoming part of how we live and work, whether we like it or not. At the office, it definitely helps us move faster. But here's the thing: just using tools like ChatGPT or plugging AI into your wo...

Data Management Isn't Just About Tech—Here’s Why It’s a Human Problem Too

Photo by Kevin Kuby Manuel O. Diaz Jr.We live in a world drowning in data. Every click, swipe, medical scan, and financial transaction generates information, so much that managing it all has become one of the biggest challenges of our digital age. Bu...

Headless CMS in Digital Twins and 3D Product Experiences

Image by freepik As the metaverse becomes more advanced and accessible, it's clear that multiple sectors will use digital twins and 3D product experiences to visualize, connect, and streamline efforts better. A digital twin is a virtual replica of ...

The Times Features

How artificial intelligence is reshaping the Australian business loan journey

The 2025 backdrop: money is moving differently If you run a small or medium-sized business in Australia, 2025 feels noticeably different. After two years of stubbornly high bo...

Top Features of Energy‑Efficient Air Conditioners for Australian Homes

In recent years, energy efficiency has become more than just a buzzword for Australian households—it’s a necessity. With energy prices rising and climate change driving hotter su...

Long COVID is more than fatigue. Our new study suggests its impact is similar to a stroke or Parkinson’s

When most people think of COVID now, they picture a short illness like a cold – a few days of fever, sore throat or cough before getting better. But for many, the story does...

What Makes Certain Rings or Earrings Timeless Versus Trendy?

Timeless rings and earrings are defined by designs that withstand the test of time, quality craftsmanship, and versatility. Trendy pieces, on the other hand, often stand testimony ...

Italian Street Kitchen: A Nation’s Favourite with Expansion News on Horizon

Successful chef brothers, Enrico and Giulio Marchese, weigh in on their day-to-day at Australian foodie favourite, Italian Street Kitchen - with plans for ‘ambitious expansion’ to ...

What to Expect During a Professional Termite Inspection

Keeping a home safe from termites isn't just about peace of mind—it’s a vital investment in the structure of your property. A professional termite inspection is your first line o...