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Carat Capital · The trade paper of the jewelry world · Est. MMXXVI · Free to read
CC/09-23Wednesday 23 September 2026The Diamonds Desk · Producers
ProducersDiamonds · CC/09-23

De Beers cuts Scope 1 and 2 emissions 14% since 2021

The 2025 report books US$70m committed to Botswana's Diamonds for Development Fund and 375,000 acres under conservation management. Five million rough stones have now been scanned on Tracr.

PLATE IThe number
14%
Scope 1 and 2 emissions, against 2021
against a stated target of one third by 2030
US$70mCommitted to Botswana's development fund
375,000 acresManaged for conservation
5,000,000Rough stones scanned on Tracr
Source De Beers Group's own announcement of its 2025 Sustainability Report, published 22 September 2026, fetched 23 September 2026
What changed

De Beers scored itself. The 2025 Sustainability Report, published 22 September, puts the group's Scope 1 and 2 emissions 14% below their 2021 level. It books US$70m committed to a Botswana development fund.

What it means · The Desk’s View

If you buy rough: Tracr has now passed five million individually scanned stones, and that is the number to put to a supplier rather than the emissions line.

If you sell provenance at the counter: The Angola wetland designation and the Okavango water share are the two specific, externally checkable claims in this report.

What this is not: An audited financial disclosure. Every figure here is the company reporting on its own performance against targets it set.

The article3 sections · 185 words
Table I · What the report claims, and against what targetDe Beers Group announcement, 22 September 2026 · targets are the company's own, as stated in that announcement
Measure2025 readingStated targetTarget year
Scope 1 and 2 emissions14% below 2021one third below base2030
Offsite jobs per onsite job2.642030
Land managed for conservation375,000 acresnone stated
Rough stones scanned on Tracr5,000,000 passednone stated
Women trained through EntreprenHER3,900 since 2016none stated
Total recordable injury frequency19% below 2024none stated
Committed to Diamonds for DevelopmentUS$70mnone stated
Two of seven rows carry a dated target and five do not Only the emissions line and the jobs ratio can be marked against a company commitment; the rest are levels with no published destination, which makes them reportable but not gradeable. The climate line is 42% of the way A 14% cut against a one-third target is 14 divided by 33.3, or 42% of the distance, with four years of the nine-year run left. Every figure is self-reported The announcement names no assurance provider for any of these numbers and this desk read no third-party verification.

IClimate is 42% of the way

Fourteen per cent down. The group reports Scope 1 and 2 carbon emissions 14% below their 2021 level. Its science-based target is to cut the footprint by one third by 2030.

Four years to run. A 14% cut is 42% of a 33.3% target, reached at roughly the five-year mark of a nine-year run. The announcement gives no interim milestone.

IIAngola gets a Ramsar wetland

A first for Angola. De Beers says it supported the designation of Angola's first Ramsar wetland, protecting the source of 95% of the water flowing into the Okavango Delta.

Through a media partnership. The work is credited to Okavango Eternal, its partnership with National Geographic. The group also reports 375,000 acres managed for conservation across Southern Africa.

IIITracr passes five million stones

Five million scanned. The group says it has passed five million rough diamonds individually scanned on Tracr, its provenance platform. That is the figure a buyer can test at the point of purchase.

Jobs ratio at 2.6. It reports 2.6 offsite jobs supported for every onsite role, against an ambition of four by 2030.

Safest year recorded. Injury frequency ran 19% below 2024 and the group reports no work-related deaths.

Botswana gets US$70m. The group has committed US$70m to Botswana's Diamonds for Development Fund. Al Cook, its chief executive, says natural diamonds “can do more than sparkle”.

The depthMethod, sources, corrections · open what you need
01What would change this call+

An assurance statement, or a restated base year. A 14% cut is measured against a 2021 baseline the company set; a restated baseline, or an external assurance opinion qualifying the number, would change what this figure means.

02What Scope 1 and 2 leaves out, and why that matters for a diamond+

Scope 1 is what a company burns itself: haul truck diesel, process heat, the mine's own plant. Scope 2 is the electricity it buys. Together they are the emissions a miner controls directly, which is precisely why they are the ones it targets first and reports most confidently. What sits outside them is Scope 3, the emissions of everyone else in the chain: the cutting factory, the polishing house, the freight, the retailer's lighting, and the customer's flight to the counter. For a product whose weight is measured in fractions of a gram and whose value is created almost entirely after it leaves the pit, Scope 3 is where most of the carbon lives. A 14% cut in Scope 1 and 2 is a real operating achievement and it is not the same claim as a 14% cut in the carbon of a diamond. The report's own framing does not conflate the two; a retailer repeating the number at a counter easily could.

03Method · the desk’s arithmetic+

Every figure in this article was read directly from De Beers Group's own announcement page, fetched on 23 September 2026 and dated 22 Sep 2026 on the page itself, with the text extracted from the raw bytes rather than through a summariser. That page carries, in its own bulleted list of 2025 achievements: Scope 1 and 2 carbon emissions reduced by 14% since 2021 and a science-based target to cut the carbon footprint by one third by 2030; 2.6 offsite jobs supported for every onsite job against an ambition of four by 2030; 375,000 acres managed for conservation across Southern Africa; support for the designation of Angola's first Ramsar wetland, protecting the source of 95% of the water flowing into the Okavango Delta through the Okavango Eternal partnership with National Geographic; the safest year in the group's history, with a 19% reduction in total recordable injury frequency rate against 2024 and zero work-related fatalities; more than five million rough diamonds individually scanned on Tracr; a further 500 women trained through EntreprenHER, taking the total beyond 3,900 since 2016; and US$70 million committed to the Diamonds for Development Fund in Botswana. The quoted six words are Al Cook's, from the statement on that same page. The 42% arithmetic is this desk's own and is shown: 14 divided by 33.3 is 0.42. JCK's editorial feed was fetched separately and its raw XML carries an item titled 'De Beers Highlights Gains in Sustainability, Traceability' with a pubDate of Tue, 22 Sep 2026 17:45:55 +0000, which confirms the same-day trade pickup; that article was not opened and no figure here comes from it. The Sustainability Report itself was not downloaded, so nothing is cited from the document beyond what the announcement page states. Archive check against content/articles.json, one term per grep: 'Building Forever' returns 0, 'Ramsar' returns 0, 'Tracr' returns 0, 'EntreprenHER' returns 0. New to this paper.

04Sources2 documents
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