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ALROSA Remains the Industry Leader in Social Investments

Study is based on the official reports of companies who mine precious metals and rough diamonds.

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(PRESS RELEASE) MOSCOW – ALROSA confirmed its status as a leader among gold and diamond mining companies in terms of investments in social programs, according to a study conducted by the PwC Advisory.

The study, which is based on the official reports of companies who mine precious metals and rough diamonds, covers the period from 2016 to 2018 and focuses on key aspects of sustainable development, including investments in social programs and environmental protection measures, energy and water consumption, greenhouse gas emissions, and the number of female employees.

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Every year ALROSA allocates 3% of its revenue to social expenses and remains the absolute industry leader by this indicator. In 2018, the company allocated almost $168 million for social investments, including regional development programs, corporate social programs for employees and their families, as well as about 500 social and charitable projects (comparative tables for other companies in the industry are attached).

ALROSA’s expenditures on environmental activities exceeded $76 million in 2018, which amounted to 2.2% of the company’s consolidated revenue. The company strives to minimize its environmental impact and is responsible for a wide range of measures, including investments in treatment facilities, land reclamation, financing of environmental studies, monitoring and other initiatives.

In accordance with GRI reporting standards, the disclosure of information about the personnel indicates that the company supports equal opportunities. According to a PwC research, ALROSA employs the highest percentage of women – 34% of the total number of employees. In terms of the average number of hours of personnel training, the company is slightly behind other representatives of the industry; however, ALROSA has a powerful training center – about 99% of the total number of professional development courses are held at ALROSA’s own site.

ALROSA is also significantly ahead of other companies in terms of the share of recycled water supply and reused water in production processes – currently this share accounts for over 90% of the total water intake.

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As can be seen from the study, the company continues to reduce greenhouse gas emissions every year, and gradually upgrades its mining and passenger transport, converting it from diesel and gasoline engines to gas ones. As of 2018, 300 units of the company’s transport are powered by natural gas, and greenhouse gas emissions in the CO2 equivalent have been reduced by half over the past five years.

In 2016-2018, ALROSA significantly reduced the share of carbon-intensive fuels in total energy consumption. Thus, the amount of coal consumed decreased by 80%, diesel fuel – by almost 90%, and crude oil – by half. Moreover, the share of renewable energy exceeds 90% in the total amount of energy consumption.

“ALROSA is a company of regional significance in Yakutia, with about 50,000 people living in our monotowns today. Therefore, social responsibility is our top priority and we continue to be one of the leaders in this area. We also contribute to the social and economic development of the Arkhangelsk region, where our subsidiary Severalmaz operates. Our social investments in 2018 amounted to almost $168 million. Separately, the company finances environmental projects, for which we allocated over $76 million. These results achieved by ALROSA last year were made possible thanks to the efforts of all the company’s employees,” said Sergey Ivanov, CEO of ALROSA.

“Owing to its city-forming roots, Alrosa has long been a leader in community engagement. In the past few years, the board and the management has strengthened the focus on embedding the best of class HSE practices across all our facilities as we see this as a non-negotiable terms of doing business,” said Maria Gordon, member of the Supervisory Board, senior independent director, chairman of the Audit Committee.

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Press Releases

GIA Commits $1.3M to Artisanal Mining Education Project

It’s a four-year commitment.

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(PRESS RELEASE) CARLSBAD, CA – Building on a successful pilot and feedback from small-scale colored gemstone miners in Tanzania, GIA (Gemological Institute of America) will expand distribution of its innovative gem guide for artisanal miners to other communities and countries in Africa. Speaking at the ICA Congress in Bangkok on Oct. 15, GIA President and CEO Susan Jacques announced a four-year, $1.3 million commitment, funded from the GIA endowment, to expand the program in Tanzania to Madagascar, Nigeria, Rwanda and Zambia. Working withPact, a Washington D.C.-based international development nonprofit organization with expertise in the region, GIA plans to reach 10,000 miners with relevant information on how to evaluate the quality of the rough they mine.

“This is a tremendous step forward in our efforts to bring information directly to artisanal miners right at the beginning of the gem and jewelry supply chain,” said Jacques. “We know that this investment will bring an invaluable benefit to miners, their families and the communities in which they live.”

Robert Weldon, GIA director of the Richard T. Liddicoat Library and Information Center, pictured with an artisanal miner from Tunduru, Tanzania.

The gem guide project began shortly after GIA Distinguished Research Fellow Dr. James Shigley saw the difficult working conditions of artisanal miners during a 2008 trip to Kenya and Tanzania. Dr. Shigley and Dona Dirlam, then-director of the GIA library, working with GIA research and library staff, created the booklet, “Selecting Gem Rough: A Guide for Artisanal Miners.” First developed in English and later translated into Swahili, the photo-rich booklet has images of the gemstones found in East Africa and illustrations of how to examine and evaluate rough gems. The booklet is waterproof and comes with a durable plastic tray that can be used to sort gems and do basic gemological evaluations. GIA piloted the program in 2016, working with Pact.

“We found that for every dollar invested, there was a 12-fold social return that will last years into the future,” said Cristina M. Villegas, technical program manager for Pact’s Mines to Markets program. “With their new knowledge, miners improve their income, send their children to school, invest in their mines and their communities.”

GIA staff, including Robert Weldon, current director of the Richard T. Liddicoat Gemological Library and Information Center at GIA and a major contributor to the development and content of the guide, trained more than 1,000 artisanal miners on how to use the guide and tray during a two-week period earlier this year in Tanzania. GIA’s initial efforts to provide information to small scale, artisanal miners came full circle when the GIA team visited the Tanzanian Association of Women Miners (TAWOMA), who participated in the very first training session for the guide.

“There is nothing more rewarding than seeing the reaction of the miners as they learn the material – you instantly see that you’ve positively made a change in someone’s life,” said Weldon. “These transcendent moments make us so proud that we can provide artisanal miners with a gem guide that gives them the confidence to know their value in the market.”

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Press Releases

Brooklyn Jewelers Launches Newest Line

It’s called “Neighborhoods Collection”.

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(PRESS RELEASE) BROOKLYN, NY – Brooklyn Jewelers announces the official launch of its newest line, the new “Neighborhoods Collection”. Taking inspiration from the art and fashion trends of Brooklyn, this collection is designed with millennials in mind. All of our jewelry is available in castings with select styles offered finished (in white, yellow, rose, 14K, 18K, palladium, and platinum).

For more information, contact: info@brooklynjewelers.com or call (718) 534-4408

Activate your account today to view.

Check out our website: brooklynjewelers.com

We are also on Facebook and Instagram: @brooklynjewelers

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Press Releases

David Sexton of Jewelers Mutual Group Retires

He retires after 39 years with Jewelers Mutual.

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David Sexton

(PRESS RELEASE) NEENAH, WI – Earlier this week, Jewelers Mutual Group announced the retirement of longtime vice president of Loss Prevention and Consulting, David Sexton, CPCU.

Sexton began his association with Jewelers Mutual in 1980 as an Underwriting Assistant and enhanced his career through roles in commercial lines customer service, CL underwriting, and specialty account management, becoming vice president of Loss Prevention and Consulting in 2004.

In this critical loss prevention leadership role, Sexton was responsible for the development, recommendation and implementation of Jewelers Mutual’s loss prevention policy. He is credited with building key relationships between Jewelers Mutual with the jewelry, alarm, and law enforcement communities, to effectively promote comprehensive loss prevention strategies to reduce jewelry exposures to loss.

“It was never about me, it was always about us,” Sexton said.

Sexton will officially retire from Jewelers Mutual on December 31, 2019, however he plans to remain involved with the company for the foreseeable future through engagement with Jewelers Mutual associates, jewelry associations at industry events, and collaborations with agents/brokers. He will continue to work with the Jewelers Mutual executive team to ensure key relationships and partnerships he has helped forge remain strong.

“I will always treasure the relationships I have made during my association with Jewelers Mutual,” Sexton said. “My retirement is not an end, but rather a beginning. The leadership of Jewelers Mutual has a clear path for continuing our vital loss prevention mission to provide innovative risk management solutions for the industry we serve, not just insurance.”

Sexton, a member of the 24 Karat Club of New York, currently serves on the Board of Directors for the Jewelers’ Security Alliance, a nonprofit association devoted to reducing crimes against the jewelry industry, as well as the Canadian Jewellers Association. In 2016, Sexton was the recipient of the Jewelers’ Security Alliance Industry Service Award and in 2018 he received the American Gem Society’s John J. Kennedy Law Enforcement Award.

Sexton has served on the Underwriters Laboratories (UL) Security Systems Council, formerly known as the Burglary Protection Council, since 1994 and also serves as a corporate member of UL in the insurance category. He served on the Central Station Alarm Association’s Insurance Liaison Committee, which assisted in the development of the Underwriters Laboratories (UL) burglar alarm modular certificate program and remains active on several UL/ULC Standard Technical Panels through which UL/ULC develops and maintain their standards for safety.

“You’re known by the company you keep,” Sexton said. “It’s all about the people. Working with people to help them solve their risk management challenges has really been the most rewarding aspect of my insurance career.”

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