PANDORA_Ethics_Report

PANDORA ETHICS REPORT 2016

1,800 98

95%

decrease

1,684 16

99%

decrease

430 <1

99%

decrease

7 <1

98%

decrease

96,684 21

99%

decrease

52 <2

95%

decrease

53 <1

99%

decrease

7 <1

99%

decrease

0.090 0.002

98%

decrease

812 <1

99%

decrease

6,295 <1

99%

decrease

321 <1

99%

decrease

91%

RECYCLED SILVER

RECYCL ING

86%

RECYCLED GOLD

all of our glass waste

is made into glass tiles

+40,000

100%

all of our gypsum waste

is used in the construction sector

all of our wax waste is used by

figurine manufacturers

all of our rubber waste

is used as fuel

86%

RECYCLED WASTE AT OUR

CRAFTING FACILITIES

of our paper bags originate from

wood from sustainable forestry

100%

>95%

>99%

less cost to the environment,

by using recycled gold

less cost to the environment,

by using recycled silver

less cost to the environment,

by using man-made cubic zirconia

taken by 120 buses driving our Thai

colleagues to and from work for free

ROUND TRIPS

MINIMISING OUR

ENVIRONMENTAL

IMPACT

NATURAL CAPITAL

At PANDORA, we recognize that mining and processing of

metals and stones are associated with adverse environmental

impact. A recent study performed for PANDORA by the

environmental cost consultancy Trucost, sought to quantify

and value the hidden positive and negative externalities of

different materials used in our manufacturing. The study

calculates the financial cost of environmental damage (such

as health cost associated with pollution) to society from

various materials and crafting methods. The study revealed

that using recycled precious metals and man-made stones

significantly reduces the environmental cost compared to

mined materials due to less environmental damage.

PRECIOUS METALS

The Trucost study revealed that when it comes to silver and

gold, using recycled sources reduces the environmental cost

with more than 95%. We want to minimise our environmental

impact on the planet. As part of our efforts to advance social

and environmentally responsible sourcing practices, 86%

of all gold grains used in the crafting at our Thai facilities

in 2016 originated from recycled sources. The remaining

14% originated from virgin material from certified conflict

free refineries.

When it comes to silver, 91% of the silver grains used in the

crafting at our Thai facilities in 2016 originated from recycling.

The remaining 9% originated from virgin materials supplied

by certified members of the RJC. Thus, PANDORA can

guarantee that the vast majority of our silver is environmentally

friendly compared to virgin material.

Disclaimer: PANDORA’s mission is to provide its customers with affordable luxury, producing high-quality and contemporary jewellery at affordable prices.

While diamonds and cubic zirconia are not typically comparable, with one being a precious natural stone and the other being man-made, PANDORA uses both

materials to produce jewellery that appeals to its customers whilst also targeting an affordable price point. In this context, PANDORA sought to understand the

environmental impacts of both types of stones used in its jewellery to help inform future strategies to grow the business whilst reducing its environmental impacts.

PANDORA PLANET

Virgin Gold vs

Recycled Gold

(€/kg)

Virgin Silver vs

Recycled Silver

(€/kg)

Mined Diamond vs

Cubic Zirconia

(€/kg)

Air Pollutants

Land Use

Water

Consumption

Land & Water

Pollutants

IN BRIEF

Green House

Gases

ENVIRONMENTAL IMPACT COMPARI SON