Italpreziosi Sustainability » 2024 Impacts and sustainability

2024 Impacts and sustainability

Italpreziosi adopts a long-term sustainable strategy for a more ethical and responsible precious metals supply chain. The holistic approach considers each objective in its complexity, integrating impact analysis, and commitment towards a common benefit.

Certifications and accreditations

Responsible governance

Benefit corporation

As a Benefit Corporation, Italpreziosi is committed to pursuing purposes of common benefit in a responsible and transparent way, balancing the interests of the members with that of the community.

Reduce environmental impact and promote research and development in industrial activity.

Improve sustainability along the supply chain through social and environmental collaborations, and initiatives.

Create a more sustainable and responsible supply chain, adhering to national and international standards.

Promote social and environmental responsibility through education and awareness-raising.

Integrate the Sustainable Development Goals of the UN 2030 Agenda into company activities.

Promote the well-being of employees, collaborators, customers, suppliers, and the local community.

The B Corp™ certification is considered one of the main benchmarks in the analysis of corporate ESG performance. This assessment serves to determine whether a company meets the high standards required, demonstrating a genuine commitment to sustainability and corporate social responsibility.

Italpreziosi has been certified with a score of 81.3

Sustainability governance

Board of Statutory Auditors
Board of Directors
Board of Directors
Board of Statutory Auditors
Sustainability Commission
AML Compliance Commission
Business development strategy Commission
Gender Equality Committee
Supervisory body

Alignment with the SDGs

Focus

Gender equality

The E&I policy is the fundamental pillar for promoting an inclusive, fair and respectful work environment, in line with the principles of non-discrimination and gender equality. This guide guides the implementation and improvement of company processes, ensuring equal opportunities in all phases of the employee life cycle, from selection to training and professional growth.

Italpreziosi extends its commitment to gender equality along the entire supply chain, monitoring the female presence in the value chain.

In 2024, 24.32% of human resources in the supply chain are represented by women, with 24.47% of them with leadership positions.

Number of women
0
Total of women
0 %
White collar women
0 %
Blue collar women
0 %
Middle management women
0 %
Senior management women
0 %

Through training activities, events, and public initiatives, Italpreziosi actively promotes gender equality.

Gender equality: 2024 at a glance

Innovation and traceability

Italpreziosi is committed to ensuring transparency and traceability along the precious metals’ supply chain. In addition to complying with key international and national regulations, Italpreziosi adheres to voluntary standards, as demonstrated by its certifications.

The voluntary reference standards originate from:

The rigorous internal due diligence procedures ensure continuous control of the precious metals’ supply chain. In addition, Italpreziosi has adopted an integrated precious metals tracking system and proactive risk management.

Italpreziosi monitors its potential risks through:

Empower Your Counterpart (EYC)

Evolves from the traditional KYC by including an active and collaborative engagement approach with counterparties. This aims to foster the adoption of environmental sustainability and social responsibility practices at every stage of the value chain.

Through these procedures also sustainability practices are promoted, supporting the various collaborators in the value chain in the achievement of ESG (environmental, social, and governance) objectives.

Italpreziosi created the portal Chain of Information to train and raise awareness of counterparties on due diligence and sustainability. Additionally, it actively works with clients to improve quality and sustainable practices, integrating an ISO 9001:2015 management system to ensure excellence in business operations.

In Italpreziosi the collaboration with all parts of the value chain is essential for building a more responsible and transparent supply chain.

PlanetGOLD

In 2019 Italpreziosi joined the Programme Advisory Group (PAG) by PlanetGOLD…

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Salmon Gold

Salmon Gold is an innovative project launched in 2018 by RESOLVE…

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Chain of information

Italpreziosi believes that a responsible supply chain can be created and strengthened only through collaboration…

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PlanetGOLD

In 2019 Italpreziosi joined the Programme Advisory Group (PAG) by PlanetGOLD, an initiative involving the United Nations, NGOs, companies, and public authorities aimed at improving production practices and working conditions in artisanal and small-scale gold mining (ASM) in many countries around the world.

The program aims to demonstrate a path to responsible and more sustainable gold mining practices, benefiting everyone from mines to markets. The main initiative’s goal is to eliminate mercury from the ASM gold supply chain, supporting the Minamata Convention.

Salmon Gold

Salmon Gold is an innovative project launched in 2018 by RESOLVE,non-profit, non-governmental organization that addresses complex social, health, and environmental challenges through strategic partnerships. The initiative promotes responsible gold sourcing linked to environmental regeneration, ensuring complete traceability of each lot to its origin.

The project focuses on reactivating historic mining sites in North America, where past activities have compromised natural habitats, particularly those of migratory fish species such as salmon. Through practices of re-mining, Salmon Gold:

  • Recovers gold from mining waste
  • Contributes to the environmental restoration of forests, waterways and wetlands
  • Promotes the restoration of biodiversity

In 2024, Salmon Gold began a collaboration with Italpreziosi for refining gold from these mining sites. The gold refined by Italpreziosi will be used by Mejuri to create the Salmon Gold Capsule Collection, a dedicated jewellery line. The project is expected to reach full operation in 2025, further strengthening Italpreziosi’s commitment to sustainability projects in the supply chain.

Chain of information

Italpreziosi believes that a responsible supply chain can be created and strengthened only through collaboration and training. For this reason, in 2019 it created a portal dedicated to and accessible for all company’s collaborators and stakeholders which provides materials and tools useful for the implementation of due diligence practices and responsible policies.

In the Chain of information portal, there can be found materials on:

  • Due Diligence Guideline for Supply Chain in High Risk Areas of the Organization for Economic Co-operation and Development (OECD);
  • The United Nations Sustainable Development Goals, with focus on: Gender Equality, Climate Change and Nature and Biodiversity;
  • LBMA Due Diligence Toolkit;
  • RJC Due Diligence Toolkit;
  • RMI Due Diligence assessment;
  • Sustainability Reporting: the importance of communicating with transparency;
  • Minamata Convention;
  • Working with ASM;
  • Benefit Corporations and B Corp.

Each content is designed to offer concrete support and promote continuous growth. Even those who are not yet in line with Italpreziosi requirements are invited to consult the portal. This aims to promote greater awareness of current regulations and advanced industry standards, improving the supply chain and facilitating access to training. The training’s objective is to provide opportunities for constant and progressive growth, fostering a culture of continuous development.

Italpreziosi invests every day in the creation of an increasingly responsible and collaborative supply chain.

Training is the first step to transform!

2024 Impact report

2024 Impacts and sustainability
Holistic approach
Towards a more responsible future
Policy and standards