Diamond Giant De Beers Plans to be Carbon Neutral by 2030

Diamond mining juggernaut De Beers announced on Tuesday afternoon it is planning to become carbon neutral in ten years and add to safeguards on the ethical sourcing of its diamonds, as companies across the industry make efforts to raise environmental and ethical standards.

Diamond mining juggernaut De Beers announced on Tuesday afternoon it is planning to become carbon neutral in ten years and add to safeguards on the ethical sourcing of its diamonds, as companies across the industry make efforts to raise environmental and ethical standards.

The company which is a unit of Anglo American, said it would provide the origin and impact of each diamond it discovers and sells, while extending a set of social, ethical and environmental standards beyond its value chain and across diamond mining as well as other sectors.

De Beers, which is the biggest diamond producer in the world by the value of its gems, has led industry efforts to verify the authenticity of diamonds and ensure they are not from conflict zones where gems may be used to finance violence.

The company, which has been accused of failing to report levels of mercury at one of its mines in Canada, also announced it would look to halve its water footprint and achieve a net positive impact on biodiversity by the year 2030.


© Fourth Estate® — All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.