RESPONSIBLE SOURCING

We launched our Best Practice Principles for Suppliers ("BPPS") in September 2021 after a prolonged process of engagement with key suppliers to understand their current circumstances and future expectations concerning corporate social responsibility and sustainable development. In doing so, we intend to secure and advance long-lasting and stable partnerships with suppliers who share our values.

The scope of our BPPS encompasses suppliers of raw materials, semi-finished products and finished products, as well as contractors, service providers and consultants. Each supplier is expected to exceed legal compliance and strive to meet internationally recognised standards for human rights, business ethics, and social and environmental responsibility. We also uphold special stipulations for suppliers of high-risk materials.

Suppliers of diamonds, including rough diamonds, melee diamonds and diamonds on finished products, must guarantee they are procured from legal sources and conflict-free. Suppliers of precious metals must ensure that these have not been mined with child or forced labour or in violation of any environmental law regulations.

Key suppliers who have signed our BPPS undergo regular self-assessments. Suppliers who can demonstrate compliance with De Beers Group Best Practice Principles or other recognised codes of practice, may be considered compliant with our BPPS.

In FY2022, we proceeded with the first stage of roll-out of our BPPS. During the year, 178 suppliers were identified as key suppliers, and by the end of the reporting period, 122 were fully subscribed. Our target is to achieve 100% compliance for all key suppliers by 2029.