Surat-based Shree Ramkrishna Exports Pvt. Ltd. (SRK), become the first diamond company in the world to commit to Science-Based Targets Initiative (SBTi) guidelines. This commitment further cement SRK’s role in the diamond sector as a global leader in ESG. The company has committed to establishing near-term science-based emission reduction targets and to achieving net zero emissions for its diamond crafting facilities by next year.
SBTi is recognized as one of the world’s most influential emission reduction mechanisms. The SBTi was developed to advance the goals set in the Paris Agreement and drive ambitious climate action by enabling organizations to set science-based emissions reduction targets.
SRK is committed to working closely with SBTi to develop emission reduction action plans covering various domains, including corporate operations, product research and development, and supply chain management.
Said Dr. Nirav Mandir, Chief Human Capital Officer at SRK, “The company embraces sustainability at each step and has been recognized for notable growth in corporate social responsibility commitments, leadership in community welfare initiatives, implementation of more sustainable practices, and improvements in stakeholder experience. We firmly believe in the power of collective action to address climate change and are honoured to work alongside the other companies around the world who are part of the SBTi network to advance a zero-emissions world.”
The company has taken various measures in decarbonization. The two diamond crafting facilities, SRK Empire and SRK House, are both LEED Platinum certified. In partnership with the Global Network for Zero, SRK has also committed to achieving net zero certification at both SRK Empire and SRK House by 2024 – six years ahead of their original commitment of 2030. The company is planning to release their Pure Impact report in the coming days, highlighting what it achieved in education, healthcare, community, employee welfare, sustainability, and more.
