FROM CARBON TO CARBON-NEUTRAL – SHREE RAMKRISHNA EXPORTS PLEDGE TO NET ZERO EMISSIONS BY 2024

29th July 2023

Shree Ramkrishna Exports Pvt. Ltd. (SRK), a globally leading natural diamond crafting and exports company has envisioned achieving Net Zero emissions for both of its diamond crafting facilities by 2024, six years earlier than India’s 2030 goals of achieving sustainable development.

The announcement of the milestone, which will be reached in partnership with The Global Network for Zero (GNFZ), was made last year. GNFZ is an international leadership collective dedicated to accelerating the solutions that will lead to a worldwide zero emissions economy.

SRK, the most compliant company in the gems and jewellery industry, embraces sustainability at each step, reflecting their profound dedication to a greener, brighter future. The company tracks their operational performance in energy, water, waste, transportation and occupant experience at both the diamond crafting facilities- SRK Empire and SRK House. Both the buildings are amongst the highest-ranking green buildings globally.

Decarbonization is the crown jewel of the company’s sustained efforts. SRK’s unwavering commitment to achieving net zero emissions stands firmly rooted in industry best practices, science-based frameworks, and third-party validation. Their journey towards this noble goal is illuminated by the radiant power of renewable energy, waste management, water conservation, amongst other initiatives being guided by a comprehensive roadmap.

“As a purpose driven company, we believe our commitment to quality and to society and the environment are of the utmost importance” says Shri Govind Dholakia (Govindkaka), Founder & Chairman of SRK.

Below are few initiatives SRK has been taking to meet its commitment to be net zero by next year:

• Installed an off-site 6 MW solar power plant in the Amreli region of Gujarat to mitigate the entire Scope1 and Scope 2 emissions. Along with this, it is being ensured that all energy consumed by both SRK Empire and SRK House is offset from the installed capacity of the solar power plant.
• All the waste paper generated at their crafting facilities is being recycled. Recently, 705 kg of waste paper got recycled at a paper mill. The paper pulp will be recycled and reused in production of paper.
• Daily category-wise waste is being monitored, and target is to reduce 50% of the baseline value across each category of waste generation.
• A bio gas plant will be ready by the first week of August 2023. Organic waste including all the food waste, vegetable peels, tea leaves, etc. of their facilities will be collected and recycled to make compost and power the biogas plant. Embracing the eco-friendly potential of biogas will lead to a remarkable 30% reduction in cooking fuel consumption.
• A Sewage Treatment Plant (STP) is being installed and 100% treated water is being recycled for cooling tower makeup, flushing and gardening purposes, and 0% water is discharged.

About Shree Ramkrishna Exports Pvt. Ltd. (SRK):

Founded by Shri Govind Dholakia aka Govindkaka, SRK is one of the world’s leading natural diamond crafting and exporting conglomerates. Valued at more than 1.8 billion USD, SRK employs over 6,000 people and has played a pivotal role in transforming India’s contribution into the global economy over the last six decades. A purpose driven organization committed to what it calls ‘PURE’ trust, transparency and tenacity, SRK is a pioneer in the gems and jewelry industry compliance in sustainability practices and sheds light on the urgent and necessary acceleration efforts for a zero emissions India and beyond. SRK is recognized as the most compliant company in the industry with the highest number of ISO, System & Process certifications. Additionally, more than 4.5% of SRK’s profits are contributed to various philanthropic initiatives. Rooted in Govindkaka’s lifelong pursuit of equitable opportunity, upward mobility, and universal living standards, the pioneering diamond entity holds an unwavering dedication to ensuring sustainability and human welfare remain the cornerstones of its growing empire for good.