1 week Ago By Staff Writer
D e Beers Group today reported on progress towards its ‘Building Forever’ sustainability goals, with key highlights including achieving a target to engage 5,000 women and girls in STEM (science, technology, engineering and mathematics) two years early, agreeing to establish a flagship Diamonds For Development Fund in Botswana, progressing key renewable energy projects in support of recently-validated science-based emission reduction targets, and scaling the development of Tracr, the pioneering diamond traceability platform. Established in 2020, ‘Building Forever’ is De Beers Group’s blueprint seeking to create a positive and sustainable impact for the people and places where its diamonds are discovered, closely aligned with stakeholder priorities. It encompasses four key focus areas where the company is working to support meaningful progress within its partner countries and the wider natural diamond value chain: leading ethical practices, partnering for thriving communities, protecting the natural world, and accelerating equal opportunity.
During 2023, De Beers continued to strengthen its relationships with government partners and a wide range of non-governmental organisations to support sustainable development outcomes in host communities. A major achievement was announcing a shared commitment with the Government of Botswana to set up a Diamonds for Development Fund as part of the agreement on a new 10-year sales agreement. With De Beers pledging an initial one bil.
