Surat-based Shairu Gems Group, a De Beers Sightholder, reported becoming India’s first carbon-neutral diamond manufacturer by compensating for emissions through carbon offsets.
The company worked with Natural Capital Partners, the leading experts on carbon neutrality and climate finance, to achieve the CarbonNeutral® certification.
Siddharth Mehta, Director, Shairu Gems, said; “Being an environmentally friendly business has always been a key pillar of our corporate philosophy. We built the world’s first LEED* (Gold) diamond factory in 2014 and today we have achieved carbon neutrality across our global operations. I am very proud of this achievement, which has been recognised by Natural Capital Partners.”
An independent assessment calculated all emissions associated with the global operations of Shairu’s business, including third-party transporters and distributors as well as business travel and employee commuting. To meet its carbon-neutral goal, the firm invested in emission reduction projects, supporting the transition to a low carbon global economy.
“We increasingly see luxury consumers assessing the social and environmental impact of their purchase decisions. Our pursuit for positive climate action will only benefit our retail partners in meeting their luxury consumers’ needs,” Mehta added. Rebecca Fay, Chief Marketing Officer from Natural Capital Partners, stated: “We are pleased to be working with Shairu Gems Group, who are showing the importance of carbon neutrality in driving forward climate action and taking a lead in their sector.”