Gem Diamonds Sustainability Profile
Gem Diamonds Limited, headquartered in Great Britain, is a prominent player in the diamond mining industry, renowned for its exceptional quality diamonds. Founded in 2007, the company has established a strong operational presence in Lesotho and Botswana, focusing on the exploration, mining, and sale of high-value diamonds. Specialising in the extraction of large, high-quality diamonds, Gem Diamonds is particularly noted for its flagship asset, the Letšeng mine, which is celebrated for producing some of the world's largest and most valuable diamonds. The company’s commitment to sustainable practices and ethical sourcing further distinguishes it in the competitive landscape. With a reputation for excellence, Gem Diamonds has achieved significant milestones, including the recovery of several notable diamonds, solidifying its position as a leader in the luxury diamond market.
DitchCarbon Score
How does Gem Diamonds's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Other Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Gem Diamonds's score of 55 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Gem Diamonds's reported carbon emissions
In 2024, Gem Diamonds reported total carbon emissions of approximately 104.8 million kg CO2e, a decrease from approximately 110.2 million kg CO2e in 2023. The breakdown of emissions for 2024 includes Scope 1 emissions of about 33.7 million kg CO2e, Scope 2 emissions of approximately 61.6 million kg CO2e, and Scope 3 emissions of about 9.5 million kg CO2e. This reflects a commitment to reducing their carbon footprint across all scopes. Gem Diamonds has set ambitious climate commitments, aiming for a 30% reduction in Scope 1 and 2 emissions by 2030, using 2021 as the baseline year. This target was reaffirmed in early 2023 and is part of their broader strategy to enhance sustainability. Additionally, the company aims to reduce its Scope 2 emissions to near zero by 2025 and has pledged to achieve similar reductions for Scope 1 emissions by the same year. The company’s emissions data is not cascaded from any parent organization, ensuring that their reported figures are independently verified. As part of their sustainability initiatives, Gem Diamonds continues to focus on reducing their environmental impact while maintaining operational efficiency.
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| 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 146,499,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 68,885,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 63,914,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
How Carbon Intensive is Gem Diamonds's Industry?
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Gem Diamonds's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Gem Diamonds has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
