Partnering to provide enduring benefit for future generations
Petra understands the value of building sustainable partnerships not only to improve business opportunities but also to create shared value outcomes for our host communities.
Petra is committed to transparent and robust stakeholder engagement and we specifically acknowledge the importance of our host communities as key stakeholders in the jurisdictions where we operate.
Our approach
Engaging and identifying our most important stakeholder groups is an ongoing process. As a Group we continue engagement with stakeholders through a variety of channels in order to maintain consistent two-way communication. Each mine has a stakeholder and management plan that caters for its specific stakeholder needs.
Key stakeholders
EMPLOYEES, CONTRACTORS
& UNIONS
CUSTOMERS
FINANCIAL STAKEHOLDERS
LOCAL COMMUNITIES
& NGOs
HOST GOVERNMENTS
& REGULATORS
SUPPLIERS
For more information on how we track our sustainability performance see our Sustainability KPIs.
Our activities in stakeholder engagement include:
- Collaboration with stakeholders on key issues
- Enabling and exploring possible synergies
- Involvement in community forums
- Engagement with organised labour on different issues at various levels
- Ongoing engagement with stakeholders that represent issues relating to the environmental impact of mining
- Regular and transparent engagement at all levels with authorities and regulators
Our strategy in action
Williamson Mine’s Sexual and Gender-Based Violence (SGBV) Project
Case Study
The SGBV Project aims to contribute to reducing the high incidences of SGBV in Shinyanga. 40% of all women in Tanzania aged 15-49 years have experienced physical violence, while 17% have experienced sexual violence, and spousal violence prevalence is highest in rural areas1.
- https://www.worldbank.org/en/country/tanzania/publication/tanzania-can-do-more-to-protect-women-and-girls-by-urgently-addressing-gaps-in-efforts-to-combat-gender-based violence.
How we measure our performance
The number of stakeholders we engage with on a yearly basis.
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
To retain open and transparent stakeholder engagement, we follow our stakeholder engagement and management policy when conducting both internal and external engagements with all our key stakeholders, including local government, communities, NGOs, Non Profit Organisations and SMMEs (small medium and micro enterprises) – these engagements are recorded within our stakeholder engagement management system to provide an accurate overview of our relationships.
Standards and guidelines we follow
- Stakeholder Engagement & Management policy
- Grievance Management Procedure
- Group Corporate Social Investment policy
- United nations SDGs
- UK Corporate Governance Code
Our community development process focuses on contributing to the most important issues our mine communities face, in a sustainable manner. This includes promoting good health and wellbeing and quality education.
Our approach
We strive to establish partnerships with our employees, communities, Governments, local business forums, NGOs and educational institutions to amplify the impact of our initiatives. The structure of our community engagement and development programmes is guided by the Company’s stakeholder engagement and management approach.
Areas of focus:
- Social Investment
- Community training and development
- Local economic development
Our strategy in action
Dignity packs to girl school pupils in Cullinan
Cullinan Mine, in partnership with Boodles, distributed 200 dignity packs to girl learners in Refilwe in March 2022. The Boodles Sponsorship Programme supports two topical and worthy causes including promoting basic hygiene and self-care amongst girl learners and supporting additional scholarship programmes for the girl learners that do not have access or the financial means to address these social issues.
How we measure our performance
Total spend (US$ Million)
Total social spend (compulsory and discretionary) on local communities
Community training and development spend (US$ million)
Total community training spend
For more information on how we track our sustainability performance see our Sustainability KPIs.
Standards and guidelines we follow
- Stakeholder Engagement and Management policy
- United Nations SDGs
- UK Corporate Governance Code
Petra is committed to responsible sourcing through its procurement due diligence processes. We also strive to ensure that no human rights violations, corruption or bribery occur, directly or indirectly, when we source goods.
Our approach
We aim to reuse, share, repair, refurbish, recycle or remanufacture to reduce unnecessary resource consumption, waste, pollution and carbon emissions. We consider how our suppliers manage their resources, from cradle to grave. This approach ensures that suppliers become our partners in caring for the environment and our communities.
Areas of focus:
- Supply chain management
- Inclusive procurement
- Developing local businesses
The supply chain serving our mining operations in FY 2023 encompassed 1,646 South African and 208 Tanzanian suppliers.
Our strategy in action
Empowering SMME’s (Small, Micro and Medium-sized Enterprises) through business partnering
Case Study
Through collaboration between Shell and Petra Diamonds, Dlongolo Investments, an SMME from the local Cullinan Mine community, is now the exclusive supplier of Shell Single Point Lubricators to Cullinan Diamond Mine. This forms part of both companies’ standard ESD offerings to help small local businesses and contribute to community development. Preferential procurement and supplier development are cornerstones of Petra’s efforts to promote black business and help “up and coming” companies to meet the necessary criteria to become part of our value chain. Shell and Petra Diamonds are supporting their development, in creating a long-term sustainable business which adds value both professionally and locally within the community.
How we measure our performance
PROCUREMENT SPEND (US$ MILLION)
Total group procurement spend
TAXES AND ROYALTIES PAID (FY 2022: US$57.6 MILLION)
LOCAL SUPPLIER PROCUREMENT IN SA (FY 2022: 59%)
LOCAL SUPPLIER PROCUREMENT IN TANZANIA (FY 2022: 89%)
For more information on how we track our sustainability performance see our Sustainability KPIs.
Petra’s ESD Community Fund support since inception in 2015
| Contribution period | 2015-2023 |
|---|---|
| SMME loans approved | 446 |
| Value of loans approved | US$ 2.65 million |
| Number of jobs created and sustained for duration of project/contract | 2,551 |
| Number of local small businesses supported | 197 |
Standards and guidelines we follow
- UK Corporate Governance Code
- Code of Conduct
Behind every diamond we sell is a fascinating story and experience. Part of our commitment, when selling our diamonds, is to create lasting memories for our customers – this is done by upholding ethical standards and safeguarding human rights throughout our business operations and ensuring that our diamonds provide a unique experience for all customers.
Our approach
We manage each step in the diamond production process to the highest ethical standards and in accordance with our responsible business ethos, from mining through to processing, sorting and finally marketing and sales.
Key focus areas:
- Ethical sourcing
- Transparent and equitable sales process
- Legislation, governance and security
- Partnerships
Our strategy in action
Petra’s Tarorite Project – Impacting diamond benefication in South Africa
As part of Petra’s responsibility to encourage the development of the diamond cutting industry in South Africa, we run an ESD programme, through our subsidiary Tarorite (Pty) Limited. The Tarorite ESD programme aims to develop learners within the diamond industry through internships and other diamond-related courses. It also aims to equip local beneficiation businesses through both funding and mentoring.
How we measure our performance
We are deeply committed to responsible sourcing and ensuring ethical procurement practices throughout our supply chain. We recognize the importance of transparency, sustainability, and respect for human rights in every aspect of our operations. We strive to source materials and services from suppliers who share our values and adhere to the highest social, environmental, and ethical standards. Through rigorous due diligence processes, we carefully evaluate our suppliers to ensure compliance with international guidelines and regulations.
By prioritising responsible sourcing, we aim to contribute to the well-being of local communities, minimise our environmental impact, and promote a more sustainable and ethical diamond industry.
Standards and guidelines we follow
- Kimberley Process Certification Scheme
- The South African Diamond and Precious Metals Regulator (SADPMR) – a state owned entity that administers the Diamond and Precious Metals Act
- Natural Diamond Council (NDC) membership
