Business
Brilliant Earth Releases 2022 Mission Report
Leader in ethically sourced fine jewelry exceeds its 2022 ESG goals and sets ambitious targets for 2023 SAN FRANCISCO, March 15, 2023 (GLOBE NEWSWIRE) --
About this update from Brilliant Earth Group, Inc.
[{"type":"text","content":"Leader in ethically sourced fine jewelry exceeds its 2022 ESG goals and sets ambitious targets for 2023\nSAN FRANCISCO, March 15, 2023 (GLOBE NEWSWIRE) -- Brilliant Earth Group, Inc. (“Brilliant Earth” or the “Company”) (Nasdaq: BRLT), an innovative, digital-first jewelry company and global leader in ethically sourced fine jewelry, today unveiled its 2022 Mission Report. This year’s report builds on the Company’s inaugural release last year, and focuses on the Company’s foundational pillars of Transparency, Sustainability, Compassion, and Inclusion. The report can be found at https://investors.brilliantearth.com/mission-reports “Our Mission is to modernize and transform the jewelry industry, and I’m proud that over the last year, we have been able to make significant progress on our ESG goals,” said Beth Gerstein, Co-Founder and CEO of Brilliant Earth. “We are nearing our target of using 100% recycled precious metals across our collections, and we have continued to lead the industry with our efforts in traceability and factory safety. And our Brilliant Earth Foundation, combined with our employees’ generous volunteerism, has been impactful on local and global communities.” Highlights of the 2022 Mission Report, organized by the Company’s four key pillars, include: Sustainability 98% of gold and 97% of silver used across our collections are from recycled sources, with gold up 5% from 2021.The Company identified opportunities to reduce energy consumption by up to 30% in new and renovated showrooms.Brilliant Earth displaced corporate emissions for the 5th straight year. Transparency 96% of natural diamond manufacturers, 89% of jewelry manufacturers, 92% of lab diamond manufacturers were audited for social compliance to an independent standard.The Company created a new standard for auditing lab diamond manufacturers, using SMETA (Sedex Members Ethical Trade Audit) to verify social compliance.The Company removed Russian-origin diamonds from its website, affirming its commitment to be Beyond Conflict Free™. Compassion – In 2022, Brilliant Earth: Tripled its charitable donations.Sponsored mercury-free mining trainings, reforestation, and the Eco-Fairmined certification process of mining consortium AMATAF in Peru.Increased its Fairmined gold purchases by 27% through the Gold for Good collection.Began a 2-year, $390,000 grant to help Moy...