Through our sustainability framework we are delivering real change across our four pillars. Here we share our progress and performance transparently:
Governance
How we turn our promises into actions:
- The Board set up a Sustainability Committee which receives regular updates on the progress towards our objectives set out in the Sustainability Framework
- Sustainability is championed by our HR and Public Affairs Executive at Executive Committee level
- Day to day, our Head of Sustainability is responsible for coordinating activities that drive change and reporting back to management
To ensure that this business priority remains a focus we have tied sustainability performance into remuneration as part of the company’s scorecard.
Disclosure
We report on our sustainability performance and initiatives through our Annual Report and standalone Sustainability Report, published each October. We report progress against our sustainability framework and use widely accepted frameworks such as GRI and TCFD to do so.
Our reporting and disclosure includes our performance towards our 35-40% GHG emissions reduction target by 2030 on Scope 1 and 2 . Our carbon inventory is partially assured by external auditors.
Partnerships, coalitions and standards
We work with a range of organisations to help accelerate positive change in our business and in our external disclosures. You can find them below:
ISO Standard
Petra uses the following ISO Standards to govern our internal process around various aspects of ESG ISO 14001, ISO 19011, ISO 31000 and ISO 45000. As an independent, non-governmental international organisation ISO provides a platform for developing practical tools through a common understanding and co-operation with all stakeholders.
Natural Diamond Council (NDC)
Petra is a proud member of the NDC. The NDC aims to advance the integrity of the modern diamond jewellery industry and inspire, educate and protect the consumer
Task Force on Climate-Related Financial Disclosures (TCFD)
The TCFD has developed a framework to help public companies and other organisations disclose climate-related risks and opportunities. Petra is aligning its reporting to the TCFD recommendations
Extractive Industries Transparency Initiative (EITI)
We support the principles of the EITI and believe that publishing details of Petra’s tax payments can increase confidence and help improve community support for its activities.
Global Reporting Initiative (GRI) Standards
This report has been prepared in accordance with the GRI Standards Core option and has been partially assured
ILO Declaration on Fundamental Principles and Rights at Work
Petra has aligned its principles with the International Labour Organization Declaration on Fundamental Principles and Rights at Work
Kimberley Process
Petra conducts all its operations according to its values and will only operate in countries which are members of the Kimberley Process.
UN Global Compact
Our sustainability strategy and policies are aligned with the 10 principles
UN Universal Declaration of Human Rights
The Company complies with and supports the UN Universal Declaration of Human Rights as well as all legislation pertaining to human rights in the countries where it operates.
Ratings & Rankings
Petra is scored or ranked on its Sustainability implementation and disclosure by a number of organisations, including:
