Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

25 october 2021

Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

World Gold Council members commit to TCFD reporting

17 september 2021
The World Gold Council (WGC) has announced that its members, 33 of the world’s most forward-thinking gold miners, have committed to reporting their positions and progress on climate-related risks in line with their commendations of Taskforce for Climate-related Financial Disclosures (TCFD), according to a press release from the Council. 
The TCFD recommendations and reporting framework is now widely recognised as the preferred method for embedding climate change into the governance, strategy and risk management systems of organisations, and how they disclose comprehensive and high-quality information on these factors to investors and stakeholders. 
This unified approach on climate-related reporting further clarifies the commitments already embedded in the World Gold Council’s Responsible Gold Mining Principles (RGMPs) which require companies to take action to combat climate change and report in line with accepted standards.
Randy Smallwood, Chair of the World Gold Council commented: “I am delighted that the World Gold Council membership has unanimously agreed to adopt TCFD reporting. Making progress on climate change is a vital aspect of the gold mining sector’s commitment to responsible mining.”
Terry Heymann, Chief Financial Officer at the World Gold Council, said: “Through our research, we have been able to gather substantial evidence that the gold mining sector is in a strong position to reduce emissions in line with Paris Agreement targets. There is still much work to be done to reduce the emissions generated by our industry, but we are making good progress. Having our member companies commit to reporting via TCFD will help further demonstrate the industry’s determination to address climate-related risks and report on its progress clearly and transparently.”

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished