- Challenging global economic environment impacting the diamond market.
- Pressure on rough and polished diamond prices due to increased Russian diamond supply and lab-grown diamond production.
- Volatile global economic environment and inflationary pressures impacting operating expenses.
Gem Diamonds Limited
Greenhouse gas emissions & sustainability report data
In its 2024-01 to 2024-06 reporting, Gem Diamonds Limited disclosed greenhouse gas emissions of 52.3K tCO2e/year (H1 2024). By scope: Scope 1: 17.6K tCO2e/year (H1 2024); Scope 2: 29.3K tCO2e/year (H1 2024); Scope 3: 5.4K tCO2e/year (H1 2024). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
52.3K tCO2e/year (H1 2024)
2024-01 to 2024-06
Waste
3.2M tons (H1 2024)
2024-01 to 2024-06
📊 Emissions by Scope (2024-01 to 2024-06)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 17.6K tCO2e/year (H1 2024) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 29.3K tCO2e/year (H1 2024) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 5.4K tCO2e/year (H1 2024) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2024-01 to 2024-06 | 52.3K tCO2e/year (H1 2024) |
| 2023 | 110.2K tCO2e/year |
| 2022 | 112.8K tCO2e/year |
| 2021 | 153.9K tCO2e/year |
| 2020 | 140.0K tCO2e/year |
| 2016 | 184.8K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 3.4% reduction in total carbon footprint (Scope 1, 2, and 3) compared to H1 2023 (52,283 tCO2e vs 54,138 tCO2e). Scope 1 emissions decreased by 27%, while Scope 3 emissions decreased by 26%.
- Implemented Group Residue Storage Facility (RSF) management policy and standard aligned with GISTM.
- Reduced load shedding at Letšeng by 73.5% compared to H1 2023, leading to increased grid electricity use and decreased diesel consumption.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Extension of revolving credit facilities expiring in December 2024.
- Further reduction of mining costs and optimization of activities following insourcing.
- Reduction of treatment costs through contract review and/or insourcing.
📅 Medium-term
- Reduce 2021 Scope 1 and 2 carbon emissions by 30% by 2030.
🌱 ESG Focus Areas
Health and SafetyCorporate Social ResponsibilityDecarbonizationResidue Storage Facility Management