The Supervisory Board of ALROSA has approved a new edition of its policy on sustainable development and corporate social responsibility.
The previous edition of the policy has been in force since 2014. “The company has improved its practices in this area since then, including those in terms of membership in number of international industry organizations – Diamond Producers Association (DPA), World Diamond Council (WDC) and Responsible Jewellery Council (RJC). Moreover, in 2017, ALROSA successfully underwent a comprehensive audit on compliance with the RJC’s standards, covering social responsibility, environmental protection, and best ethical principles of business, including fight against corruption, respect for human rights, ensuring decent working conditions.
“The new edition focused on the fact that the company operates in accordance with the UN Sustainable Development Goals, as well as best international practices and industry trends, confirms adherence to the principles of business activities in the aspect of UN human rights and System of Warranties by WDC. The list of the company’s corporate social responsibility obligations to its employees has been enhanced; the obligations to state authorities, business partners and the industry community have been clarified. The company updated the list of environmental responsibility principles in accordance with the best international standards. The principle of proper information disclosure about rough and polished diamonds and statement of products’ origin are added to the document.
“With the update of the policy, the company once again confirms its commitment to high standards of responsible business and continues to be one of the leaders in the field of social and environmental responsibility. ALROSA demonstrates to consumers that modern diamond mining is a transparent, responsible business, consistent with the best international practices.