ALROSA Becomes Certified Member of Responsible Jewellery Council

12/12/2017 12:08

Russian diamond mining giant ALROSA has become a certified member of the Responsible Jewellery Council (RJC) by achieving certification against its Code of Practices through meeting the highest ethical, human rights, social and environmental standards as established by the RJC, the two organizations communicated this morning. A large independent audit company has been undertaken to assess ALROSA’s compliance with RJC’s Code of Practices.

It took several months for ALROSA to undergo a comprehensive sustainability audit covering social responsibility, environmental protection, and best ethical principles of business, including fight against corruption, respect for human rights, ensuring decent working conditions. As part of the audit, representatives of the auditing company visited many of ALROSA’s facilities, including its main production sites – Mirny, Aikhal and Udachny Mining and Processing Divisions, and the Company’s subsidiaries – ALROSA-Nyurba, Almazy Anabara and Severalmaz, diamond sorting centers in Mirny and Arkhangelsk. Following the audit, ALROSA achieved RJC certification for 3 years, the maximum time period granted by the RJC.

Andrew Bone, RJC Executive Director, commented, "The provisions under the 2013 COP address important issues for our members and their supply chain. We are delighted to see major diamond business influencers supporting our course for a sustainable and transparent supply chain and responsible sourcing". Sergey Ivanov, ALROSA President: “Once again ALROSA proved its compliance with the high standards of responsible business conduct. We are proud that our work has been highly appreciated by independent experts and in accordance with the highest industry standard, and we will continue to make efforts to be one of the leaders in social and environmental responsibility, upholding the trust in the whole of the diamond supply chain. Receiving an RJC Certificate is a positive signal not only for ALROSA, but for the industry as a whole, as it once again proves to consumers that modern diamond mining is a transparent and responsible business that sets best world practices in our great industry and goes well beyond the basic requirements of industry self-regulation”.

The RJC is an international not-for-profit standards-setting and certification organization established to instill a responsible worldwide supply chain that promotes trust in the global fine jewelry and watch industry. RJC certification provides companies engaged in the diamond, gold and platinum group metals supply chain with the means to demonstrate their commitment to ethical behavior and responsible business practices. ALROSA has been included for the first time in the FTSE4Good international rating, which is an indicator of compliance with internationally recognized standards of corporate social responsibility. The Company also has a BBB rating in the MSCI ESG rating system that assesses environment, social responsibility and corporate governance.