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Fashion Value Chain
2 days ago
- Business
- Fashion Value Chain
SRK Crafts World's First Carbon-Negative Natural Diamonds
In a groundbreaking milestone for both India and the global gem industry, Shree Ramkrishna Exports (SRK) has become the first company worldwide to craft carbon-negative natural diamonds. Verified by Deutsch Quality Systems (India) Pvt. Ltd., SRK's process now removes more carbon than it emits, with a certified –0.239 kg CO₂e per carat and an organizational footprint of –893 metric tons CO₂e. The achievement aligns with India's climate targets and reaffirms the country's growing leadership in sustainable manufacturing. SRK's sustainability initiatives span 14 out of the 17 UN Sustainable Development Goals (SDGs) — including clean energy, ethical sourcing, zero-waste operations, and water stewardship. Key Impact Measures: Verified carbon-negative footprint (under ISO and GHG Protocol standards) Solar-powered operations and net-zero emission facilities Ethical and traceable sourcing practices Sustainable water and waste management systems The company will soon release its second 'Pure Impact Report', offering a transparent view of its sustainability journey and ongoing innovations in the luxury goods sector. Quote: Shreyans Dholakia, Entrepreneur & Brand Custodian at SRK, stated: 'For us, true luxury goes beyond brilliance — it lies in impact. Sustainability in natural diamonds is not just possible, it's already here. This is not just our milestone, it is India's milestone too.' SRK's innovation stands as a beacon for industries seeking to combine traditional craftsmanship with climate leadership.
Forbes
25-06-2025
- Business
- Forbes
Tariffs Are Quietly Inflating Your Carbon Costs — ERP Data Fixes That
Transitioning to activity-based carbon calculations, as defined by the Greenhouse Gas (GHG) Protocol, shields businesses from the tariff influence, cuts costs and fast tracks decarbonization. There's a hidden variable that could be affecting your company's carbon calibration: tariffs. Tariffs are logistical headaches, but behind the scenes they could be inflating your carbon emissions and taking bigger chunks out of your finances than you realize. Spend-based carbon calculations attribute emissions based on the cost of supplies. It's a straightforward method that most companies use when starting to calculate their carbon footprints, but it is not well-equipped to handle fluctuating tariffs. Even without tariffs, spend-based calculations are approximations that meet a basic threshold of acceptability, but lack the granularity and accuracy of activity-based calculations. The addition of erratic tariffs inflates the calculation and reduces the reliability of carbon emissions. Activity-based calculations, on the other hand, use activity data from operations, like kilograms purchased or kilometers travelled, multiplied by the supplier's or industry average emissions factors. Activity data is easily sourced from the ERP system. Transitioning to activity-based carbon calculations, as defined by the Greenhouse Gas (GHG) Protocol, shields businesses from the tariff influence, cuts costs and fast tracks decarbonization. How do tariffs inflate spend-based calculations? In spend-based carbon calculations, you take the cost of imported goods and multiply it by emission factors to get a rough estimate of a product's embedded carbon emissions. Depending on which dataset is used, tariffs can inflate the cost of imported goods and the corresponding emissions. Additionally, spend-based emission factors are usually conservative, erring on the side of inflating emissions rather than under counting. This means higher perceived emissions. For your sustainability strategy, this means loftier decarbonization goals. In the voluntary carbon market, it's more offset purchases. Whichever way you slice it, it means increased costs. The most widely used datasets for spend-based carbon calculations are ill-equipped to account for the influence of tariffs on costs. Some datasets account for the inflation of tariffs, others don't, but none of them are able to keep up with the pace of tariff changes that we've seen so far this year, leaving businesses unclear on their true carbon footprint. The domino effect Relying on spend-based datasets to calculate carbon emissions results in generally acceptable but inaccurate carbon data. Your team's decarbonization strategy fundamentally relies on carbon data. Dealing with baseline data uncertainty can mean investing in the wrong decarbonization technology, pursuing the wrong sustainability opportunities, and mitigating the wrong climate risks. Even the right decarbonization decisions can look wrong when you rely on imprecise data. Business leaders relying on inaccurate and inflated carbon calculations may over purchase carbon offsets and be unsure where net zero actually is, and even less sure about how to get there. Shoddy sustainability strategies erode investor confidence and repel the ever more conscious consumer. Lackluster sustainability performance can also make business partnerships and financing options more difficult to secure. In short, spend-based calculations create unnecessary enterprise risks. Activity-based calculations drive decarbonization Carbon emissions calculated using activity data are immune to swings in tariffs, and a much more reliable method to measure imported carbon. A 50 percent tariff makes no difference to kilometers travelled or purchased weight of goods. Many global standards and regulations like the EU Corporate Sustainability Reporting Directive (CSRD), however, follow the GHG Protocol, which accepts either spend-based or activity-based carbon calculations. Businesses participating in the voluntary carbon market or developing decarbonization strategies can also get by with spend-based calculations. Spend-based calculations are easier for quick, widespread adoption and this entry level method can get businesses started on their decarbonization journey. At some point though, the insights gained from spend-based calculations fall flat, inaccurate data leads businesses down the wrong path, and an upgrade towards activity-based calculations is required. The activity-based approach captures the value framework of the C-suite, identifying opportunities for margin growth and mitigating risk exposure. Opportunities for decarbonization can be identified with confidence using physical quantities of activities, not dollars. Activity-based carbon data can be broken down along the lines of P&L, surfacing revenue and removing risk. Moving from spend-based to activity-based calculations uncovers the hidden opportunities and value in decarbonization while shielding you from tariff carbon inflation. ERP-centric systems serve as the primary source of activity-based data, and the ultimate tool for guiding decarbonization strategies. Learn more here.
Cision Canada
16-06-2025
- Business
- Cision Canada
Driving emissions transparency: INEOS Styrolution rolls out product carbon footprint calculations across global portfolio
PCF platform automates product carbon footprint calculations and enables customer monitoring of scope 3.1 emissions for INEOS Styrolution products Methodology certified by TÜV Rheinland and aligned with globally recognised sustainability standards FRANKFURT, Germany, June 16, 2025 /CNW/ -- INEOS Styrolution now provides Product Carbon Footprint (PCF) data for all its products using a state-of-the-art tool, delivering transparent emissions data from raw material sourcing through manufacturing up until the factory gate. PCF data is calculated using the Atos PCF platform, with the methodology certified by TÜV Rheinland. With this data, customers can track scope 3.1 emissions for every product they purchase from INEOS Styrolution, supporting more accurate reporting, compliance with climate-related requirements, and increased supply chain transparency. "By measuring the carbon footprint of our global product portfolio, we take responsibility for our impact while enabling our customers to do the same," states Steve Harrington, CEO, INEOS Styrolution. "This tool enables us to be transparent about our emissions and product carbon footprints, while equipping our customers with the data they need to target scope 3 reductions and meet their climate targets." With automated, product-level carbon footprint calculations according to a certified methodology in place, INEOS Styrolution is among the few in the chemical industry offering its customers product-specific emissions data across its entire offering. Further information: Product Carbon Footprint (PCF) refers to the total greenhouse gas emissions associated with a product, from raw material extraction through manufacturing to the point it leaves the production site. This "cradle-to-gate" view helps companies and customers better understand the climate impact of individual products and identify opportunities to reduce emissions across the value chain. INEOS Styrolution's PCF methodology follows international standards, including ISO 14067:2018, the Together for Sustainability (TfS) PCF Guideline (V3.0), and the GHG Protocol. Scope 3 emissions refer to indirect greenhouse gas emissions that occur in the value chain of the reporting company – such as those from raw material production, logistics, product use, or disposal. Scope 3.1, a key subcategory, includes emissions from purchased goods and services – typically the largest share of emissions for manufacturing companies. About INEOS Styrolution INEOS Styrolution is the number one producer of high-performance styrenics, offering a broad portfolio that comprises styrene monomer, polystyrene, ABS, and advanced styrenics. The company delivers customised solutions for customers across automotive, healthcare, electronics, household, construction, packaging, toys, sports and leisure sectors. With more than 90 years of innovation in material science and 16 production sites worldwide, INEOS Styrolution combines global reach with local expertise to meet the evolving needs of its customers. This includes bringing safe, sustainable, and high-performing products to market and supporting their efforts toward meeting their sustainability targets. INEOS Styrolution is fully owned by INEOS Group. Media contact [email protected] | +49 69 509550 1200 SOURCE INEOS Styrolution
Business Upturn
06-06-2025
- Business
- Business Upturn
Aura Releases 2024 Sustainability Report
By GlobeNewswire Published on June 6, 2025, 03:19 IST ROAD TOWN, British Virgin Islands, June 05, 2025 (GLOBE NEWSWIRE) — Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) ('Aura' or the 'Company') is pleased to release its 5th Annual Sustainability Report showcasing the Company's progress in promoting safety, responsibility, sustainability, and innovation. This year's report highlights the Company's strategic efforts across eight core environmental, social and governance ('ESG') pillars. Prepared accordance with Global Reporting Initiative (GRI) standards, the report ensures clear and transparent disclosure of Aura's financial, environmental, and social performance. The full report can be found Sustainability – Aura Minerals on Aura's website. 2024 Sustainability Report Highlights Driving Digital Transformation: Strengthened data and cybersecurity infrastructure to enable a connected AI-driven future. Almas and Borborema, are now fully integrated with Aura Analytics, a corporate business intelligence platform with 40K+ monthly accesses and 4M+ records. Strengthened data and cybersecurity infrastructure to enable a connected AI-driven future. Almas and Borborema, are now fully integrated with Aura Analytics, a corporate business intelligence platform with 40K+ monthly accesses and 4M+ records. Empowering Neighboring Communities: Invested R$6.1 million in targeted economic and social development initiatives to create lasting regional impact. Projects include water supply improvements at Minosa and free medical care at Aranzazu. Invested R$6.1 million in targeted economic and social development initiatives to create lasting regional impact. Projects include water supply improvements at Minosa and free medical care at Aranzazu. GHG Protocol : Aura reassessed the emissions inventories of our units between 2020 and 2024, based on the guidelines of the GHG Protocol, with the aim of enhancing our management strategy on this topic. : Aura reassessed the emissions inventories of our units between 2020 and 2024, based on the guidelines of the GHG Protocol, with the aim of enhancing our management strategy on this topic. Achieved a strong safety milestone with Zero Lost Time Incidents in Borborema construction and only one lost time incident across all operations, highlighting a culture of safety excellence. and only one lost time incident across all operations, highlighting a culture of safety excellence. Strengthening ESG Leadership: Successfully completed compliance with the Responsible Gold Mining Principles and the Conflict Free Gold Standards , established by the World Gold Council , and Empresa Socialmente Responsable seal in Honduras and Mexico for the second year running, reaffirming commitment to responsible mining and global sustainability standards. Successfully completed compliance with the and the , established by the , and seal in Honduras and Mexico for the second year running, reaffirming commitment to responsible mining and global sustainability standards. Boosted Local Economies Through Procurement: Stimulated regional economic growth by sourcing an average of 40% of purchases from local suppliers, creating shared value and strengthening supply chains. Stimulated regional economic growth by sourcing an average of 40% of purchases from local suppliers, creating shared value and strengthening supply chains. Recognized for Diversity: Honored for the second consecutive year by Conexão Salto Alto for advancing gender equity and supporting female talent at our Apoena unit. Honored for the second consecutive year by Conexão Salto Alto for advancing gender equity and supporting female talent at our Apoena unit. GPTW: Aura conducted our first organizational climate survey across all our units, using the Great Place to Work (GPTW) methodology. With a 78% favourability score, we earned the GPTW certification for all the units where we operate. Rodrigo Barbosa, President & CEO commented, 'It is with great honor that we reflect on the execution of the vision we set out in 2018, from implementing our Aura 360 culture to now seeing its results across sustainability, operational excellence, and financial growth. In 2024, Aura solidified its trajectory of sustainable growth, increasing production from 236,000 to 267,000 gold equivalent ounces, driven by operational excellence at Almas and Minosa, and strategic expansions like Borborema and the acquisition of Bluestone Resources. Committed to ESG principles, we achieved a 90% adherence to the World Gold Council's Responsible Mining Principles, implemented innovative environmental practices such as grey water treatment at Borborema, and maintained an exemplary safety record with only one lost-time accident in 24 months. Our Aura 360 culture, recognized by Great Place to Work certifications across all operations, fosters diversity, continuous training, and community development, ensuring a positive legacy through responsible mining About Aura 360° Mining Aura is focused on mining in complete terms – thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining. Aura is a company focused on the development and operation of gold and base metal projects in the Americas. The company's five operating assets include the Minosa gold mine in Honduras; the Almas, Apoena, and Borborema gold mines in Brazil; and the Aranzazu copper, gold, and silver mine in Mexico. Additionally, the company owns Era Dorada, a gold project in Guatemala; Tolda Fria, a gold project in Colombia; and three projects in Brazil: Matupá, which is under development; São Francisco, which is in care and maintenance; and the Carajás copper project in the Carajás region, in the exploration phase. Forward-Looking Information This press release contains 'forward-looking information' and 'forward-looking statements', as defined in applicable securities laws (collectively, 'forward-looking statements') which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Often, but not always, forward-looking statements can be identified by the use of words and phrases such as 'plans,' 'expects,' 'is expected,' 'budget,' 'scheduled,' 'estimates,' 'forecasts,' 'intends,' 'anticipates,' or 'believes' or variations (including negative variations) of such words and phrases, or state that certain actions, events or results 'may,' 'could,' 'would,' 'might' or 'will' be taken, occur or be achieved. – 6 – Known and unknown risks, uncertainties and other factors, many of which are beyond the Company's ability to predict or control, could cause actual results to differ materially from those contained in the forward-looking statements. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements, which include, without limitation, volatility in the prices of gold, copper and certain other commodities, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the mineral exploration and development industry. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
05-06-2025
- Business
- Yahoo
LEAD Unveils Its Inaugural Climate Action White Paper
WUXI, China, June 05, 2025 (GLOBE NEWSWIRE) -- On June 5, 2025, coinciding with the 54th World Environment Day, Wuxi Lead Intelligent Equipment Co., Ltd. (hereinafter referred to as "LEAD") launched its first White Paper on Climate Action—a significant milestone in China's new energy equipment sector. This report, aligned with the TCFD (Task Force on Climate-related Financial Disclosures) framework, outlines LEAD's climate initiatives and proposes a replicable model for global low-carbon transformation. Commitment to Carbon Neutrality LEAD is the first in China's new energy equipment industry to announce carbon neutrality goals, pledging to achieve carbon peaking by 2030 and carbon neutrality by 2035 in its core operations (Scope 1 and 2). To support this, LEAD has established a three-tier climate governance structure led by its Board of Directors, reinforcing employee accountability for emission reductions. By the end of 2024, LEAD completed carbon footprint assessments for several key products, two of which earned ISO 14067 certifications. LEAD regularly conducts GHG (Greenhouse Gas) accounting and verification in accordance with ISO 14064 and the GHG Protocol, underscoring its commitment to transparency. Innovative Green Operations LEAD has adopted systematic practices in operational management. Its plant in Naila, Germany, operates entirely on green electricity, while a domestic rooftop photovoltaic project aims to generate over 10,000MWh of electricity annually in its first phase. By 2024, LEAD's digital energy management platform had saved approximately 1,680 MWh of electricity, and an optimized logistics packaging initiative had reduced around 674,900 tonnes of CO₂e. Furthermore, in April 2025, LEAD's factory at No.18, Xinzhou Road, Wuxi, became the first in China's intelligent equipment industry to receive ISO 14068 Carbon Neutrality Certification, demonstrating the viability of low-carbon transformation. Collaborating for a Low-Carbon Future LEAD recognizes that energy transformation requires collaboration across the entire industry chain. It prioritizes "high efficiency and energy conservation" in product design, offering sustainable solutions while expanding its industrial footprint. LEAD provides intelligent, efficient and low-consumption manufacturing solutions for lithium-ion batteries, photovoltaics, hydrogen energy, and energy storage. Notably, LEAD is advancing solid-state battery technology through innovations in dry electrode and ultra-thin electrolyte film production—driving the new energy industry toward lower energy consumption and higher energy density. Sustainability is LEAD's core mission, and the company is committed to promoting low-carbon practices and collaborating across the value chain to cultivate a thriving green ecosystem. Media Contacts Website: Email: pr@ A photo accompanying this announcement is available at in to access your portfolio
