SRK achieves Highest Sustainability with Lowest Carbon Emissions
Shree Ramkrishna Exports (SRK), a global leader in natural diamond crafting and export, has made remarkable strides in its sustainability efforts, including achieving the lowest emissions in diamond crafting processes. SRK has achieved a 34% reduction in greenhouse gas (GHG) emissions per carat compared to the global industry average, as verified and validated by an independent third-party certification body
Commitment to Sustainability and Industry Firsts
Renowned for its many industry firsts in diamond craftsmanship, sustainability, and philanthropic efforts, the billion-dollar revenue company has broader commitments in conjunction with United Nations Global Compact (UNGC) as far as United Nations Sustainability Development Goals (UNSDGs) are concerned.
Recognition for Net-Zero Energy and LEED: Platinum Green Buildings
In May 2024, SRK was recognized as the world’s first company with Net-Zero Energy and LEED: Platinum Green buildings. Embracing a holistic “cradle-to-grave” approach, SRK ensures sustainability at every stage of the natural diamond lifecycle — from raw material extraction to the end-of-life phase.
Verification of Carbon Emissions and Sustainability Standards
The reduction in GHG emissions per carat of diamond, along with the verification across the entire diamond supply chain, has been validated by Deutsch Quality Systems (India) Private Limited, a renowned global ISO certification body. This verification fully complies with international standards, including the Greenhouse Gas Protocol, ISO 14064, and ISO 14067.
Current Emissions Benchmark and Future Goals
As of November 2024, emissions per carat of SRK’s natural diamonds stood at 70.49 kgCO2e — a benchmark for the industry. Looking ahead, SRK aims to further reduce emissions by increasing its reliance on renewable energy, particularly solar power, across its crafting facilities. An update on this progress will be shared publicly soon.
Statement from Dr. Nirav Mandir
“We are focused on creating lasting, purely positive impact, not just for our business but for the global natural diamond industry,” said Dr. Nirav Mandir, Chief Human Capital & Sustainability Officer of SRK. “By addressing Scope 1 and Scope 2 emissions and now targeting Scope 3, we are building a sustainable future that will benefit both our industry and the planet.”
ISO Certifications and Net-Zero Achievements
SRK continues to be one of the most compliant companies in the industry, with the highest number of ISO certifications, showcasing their commitment to quality, ESG responsibility, and health & safety aspects. The company’s Net Zero Energy accomplishment was driven by the adoption of renewable energy sources like rooftop solar power, along with waste management and sewage treatment initiatives.
Driving a Sustainable Future for the Diamond Industry
With its pioneering efforts, SRK is reshaping the natural diamond industry, proving that luxury can coexist with sustainability. By setting new benchmarks, SRK is driving the world toward a more sustainable and eco-conscious future.
