GlobalData offers a comprehensive analysis of Gem Diamonds, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Gem Diamonds‘s ESG performance. GlobalData’s company profile on Gem Diamonds offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Gem Diamonds, a diamond mining company, is committed and is taking steps to reduce its carbon emissions. Gem Diamonds has specific goals related to scope 1 (direct emissions), scope 2 (indirect emissions from purchased electricity), and scope 3 (indirect emissions from the value chain) emissions. In terms of water consumption, Gem Diamonds has made progress in reducing its net water usage and improving water recycling. In 2022, the company recycled 6.4 million cubic meters of water, reducing net water consumption by 48% for treated ore and improving recycled water usage by 19%. The company has been implementing initiatives to reduce water use and recycle water, especially in response to extended drought conditions at its Letšeng operation.
Gem Diamonds is also working on reducing its energy consumption and carbon emissions. The company has reported its scope 1 and scope 2 carbon emissions, which include direct and indirect emissions. In 2022, the company's total carbon emissions (Scope 1, 2 and 3 emissions) were 41,036 tCO2e. The company aims to reduce its carbon footprint by 30% by 2030, using 2021 as a base year. Gem Diamonds has implemented mining optimization initiatives and improved energy demand management to reduce its carbon emissions.
The company has taken steps to monitor and assess its carbon and water footprints regularly. It has increased the frequency of carbon and water footprint assessments from once a year to every six months. Gem Diamonds also monitors other climate-related metrics such as freshwater dam levels, precipitation patterns, and energy consumption trends. By monitoring these metrics, the company can respond to climate and energy-related matters and identify opportunities to improve usage efficiencies.
In conclusion, Gem Diamonds is committed to reducing its carbon emissions and water consumption. It has made progress in reducing water usage and improving water recycling. Gem Diamonds is also working on reducing its energy consumption and carbon emissions through mining optimization and energy demand management. By regularly monitoring its carbon and water footprints, the company can track its progress and identify areas for improvement.