The Responsible Jewellery Council (RJC), in collaboration with the Carbon Trust and with funding support from ISEAL, announced the launch of a pioneering Accelerating Decarbonisation Report created specifically for the global watch and jewellery industry.

The Accelerating Decarbonisation Report provides RJC members with a practical, step-by-step guide to accelerate their decarbonisation journey. It equips businesses of all sizes across the value chain with the knowledge and frameworks, to set science-based targets, measure and reduce greenhouse gas emissions, and build credible transition strategies aligned with the goals of the Paris Agreement.

Developed in response to growing industry demand for clear, actionable climate guidance, the report addresses key challenges facing the sector, including complex supply chains, data collection, and target setting. It also highlights opportunities for innovation, collaboration, and resilience as companies take meaningful steps toward a Net Zero future.

“Achieving Net Zero is one of the defining challenges of our time. This report is designed to translate ambition into action by giving watch and jewellery companies the practical tools they need to reduce their carbon footprint and demonstrate leadership, " said John Hall, Interim Executive Director of the RJC.

According to PWC 50% of annual gold production (2,000 tonnes) is used in watch and jewellery making in the luxury industry and only 25% of the gold used is recycled which presents a huge opportunity for the industry.

The UNGC say that Scope 3 emissions account for 70% of a business’s carbon footprint and must be tackled to affect significant climate action. For watch and jewellery companies, this means creating an actionable plan to cut CO2 emissions and to decarbonise in order to satisfy regulation such as the ESPR (Eco design for Sustainable Products

Regulation) CSRD (Corporate Sustainability Reporting Directive) and the CSDDD (Corporate Sustainability Due Diligence Directive). Also to assure the 70% of US consumers who place ethical considerations at the top of their purchase requirements and to meet the explosive growth potential of sustainable jewellery.

Courtesy : AOJ Desk News