Climate Is Precious to Us
Our business activities result in carbon emissions at our company and along our value chain. We pledge to our responsibility by putting a high priority on a significant and timely reduction of our carbon footprint.
Targets and Key Figures
Net Zero by 2033, Scope 1+2
We aim to reach net zero in our own operations by reducing our Scope 1 and Scope 2 emissions by at least 90% compared to 2019 and neutralizing residual emissions.
100% Green Electricity and -20% Energy Consumption by 2025
To achieve timely and significant reductions, we have set ourselves two ambitious milestone targets by 2025. Firstly, we aim to meet 100% of our electricity demand from green sources. Secondly, we aim to reduce our energy consumption by 20% compared to 2019.
-50% indirect carbon emissions by 2033, Scope 3
We will reduce the greenhouse gas emissions along our value chain chain by 50% compared to 2020. As the precious metals we purchase account for an overwhelming proportion of our Scope 3 emissions, we focus on engaging with our mining partners and increasing secondary precious metals volumes.
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We have committed to an ambitious goal: becoming net zero for our own operations by 2033. We are seeing very good progress, yet there is still a lot more to achieve. Sustainability is a true transformation project and needs to underlie everything we do.
Our Decarbonization Roadmap
In 2021, we committed ourselves to a highly ambitious climate program: becoming net zero for our own operations, Scope 1 and 2, by 2033. In 2023, we additionally set ourselves the target of achieving a 50% reduction in emissions along our value chain, Scope 3, by 2033 compared to 2020.
Our Carbon Footprint
In 2023, we successfully reduced our Scope 1 and 2 emissions by 25% compared to 2022. Since 2019, we reduced them by 41%, while growing our business by 47%.
In 2023, 96% of our Scope 3 emissions resulted from the purchase of precious metals. Compared to 2022, our Scope 3 emissions increased by 6%. This is mainly caused by an increase in purchased gold. We acknowledge that volatile and cyclic market demands, especially for gold, will continue to be a challenge. Yet, we are positive that we will reach our set targets with the measures planned.
