Our latest ESG report, which outlines Dimexon’s sustainability, ethical and provenance goals for the future, is available to download now.
We are proud to share that we have launched our 2024 Environmental, Social and Governance (ESG) report, Partners in Provenance.
The report documents Dimexon’s ESG achievements in CY2023, and sets new sustainability, ethics and provenance goals for the coming years. This is the third ESG report we have published since committing to annual reporting in 2022.
“The title of this year’s report is Partners in Provenance, which underscores our unwavering commitment to ethical sourcing and transparency,” says Dimexon director Rajiv Mehta. “Through the implementation of auditable digital processes and advanced technological systems, including our SAP portal, we have achieved 100% traceability for all diamonds processed in-house, from source to distribution. This milestone reinforces the confidence of our partners and customers in the integrity of our products.
“Partners in Provenance also highlights our belief that meaningful change can only be achieved through collaboration; be that with our staff, our clients, or wider industry partners and groups. We are invested in building strategic alliances that will amplify our efforts, including signing the UN Women’s Empowerment Principles (WEPs) and the Science-Based Targets initiative (SBTi), and working closely with the Watch and Jewellery Initiative 2030, the Responsible Jewellery Council, and the World Diamond Council.”
Dimexon’s ESG report focuses on four pillars: Environmental Synergy, Product Integrity, Social Stewardship, and Responsible Business Conduct. Within each pillar are key KPIs and forward-looking pledges that guide and check our continued efforts to position itself as a leader in transparent and ethical business practices within the diamond industry.
Highlights from this year’s report include:
- Environmental Synergy
- 437GJ reduction in energy consumption (on CY2019 base level)
- 10.8% reduction in Scope 1 and 2 emissions (on CY2019 base level)
- 12,783kl of wastewater recycled and reused
- Zero Liquid Discharge and Zero Waste to Landfill certifications at Coimbatore site
- Social Stewardship
- 77.5% female workforce
- 98% of women taking parental leave returned to work
- 2,806 hours of staff training delivered (in addition to training for new hires)
- Product Integrity
- 100% rough and polished diamond suppliers aligned with Dimexon’s responsible sourcing policy
- 100% origin-based, system-driven, auditable traceability information for single diamonds (certified)
- 100% input-mix ratios based, system-driven, auditable traceability information for multi-stone parcels (uncertified)
- Responsible Business Conduct
- Recertified for De Beers Best Practice Principles (BPP)
Goals in the 2024 report include:
- Environmental Synergy
- By 2024: Extend reach in Scope 3 disclosure to other relevant Scope 3 categories
- By 2025: Accounting, disclosing and continuous monitoring of Scope 1, Scope 2 and Scope 3 emissions
- By 2025: 25.2% reduction in emissions (on CY2019 base level)
- By 2030: Carbon-neutral operation
- Product Integrity
- By 2024: Organise and conduct ESG/sustainability awareness sessions and capacity-building workshops for all suppliers
- By 2024: Review Responsible Sourcing Policy and include any additional relevant ESG parameters
- By 2025: Multi-stone Parcel (MSP) +/- 18pts traceability based on input-mix ratios (source: mining company/country)
- By 2025: 100% direct supplier screening
- By 2025: Audit at least 5% of our suppliers every year
- By 2026: Commence audit coverage for at least 5% of non-RJC member suppliers year on year
- Social Stewardship
- By 2024: Average annual minimum of 4 hours of ESG-related training per employee
- By 2024/25: Conduct third-party diversity and inclusion survey
- By 2025: Average annual minimum of 8 hours of ESG-related training per employee
- By 2025: Community needs assessment for all new CSR projects
- By 2027: Participate in the index survey every three years and increase rating
- Responsible Business Conduct
- By 2025: Ongoing, year-on-year disclosure to enhance provenance tracking
Partners in Provenance is published publicly to encourage transparency. The full document, or a synopsis of the highlights of the report, can be downloaded at Dimexon.com. The next Dimexon ESG report will be published in 2025.
