PANDORA Jewellery pledges to use only recycled metals
Date Posted: Tuesday 2nd June 2020
PANDORA Jewellery has announced that it will entirely stop using newly mined silver and gold in its jewellery by 2025 and only buy from recycled sources. This will cut carbon emissions by two thirds for silver and by more than 99% for gold.
PANDORA Jewellery's CEO Alexander Lacik said: “The need for sustainable business practices is only becoming more important, and companies must do their part in response to the climate crisis and the depletion of natural resources. For many years, Pandora has used recycled metals in our designs. Now we are ready to take the next step and stop using mined silver and gold altogether. This is a significant commitment that will be better for the environment and make our jewellery more sustainable."
From 71% to fully recycled
71% of the silver and gold in Pandora’s jewellery comes from recycled sources. Shifting completely to recycled silver and gold will reduce CO2 emissions, water usage and other environmental impacts because recycling of metals uses less resources than mining new metals.
The decision to use only recycled silver and gold covers all use of these metals in Pandora’s jewellery, including grains, semi-finished items such as chains, and other parts from suppliers.
More silver can be recycled
Today, around 15% of the world’s silver supply comes from recycled sources. More than half of the recycled silver comes from industry, where the metal is used in chemical production, electronics and for other purposes.
Pandora has pledged that it will work with its suppliers to guarantee sufficient supply of responsibly sourced recycled silver, certified according to leading supply chain initiative standards such as the Responsible Jewellery Council. Pandora will also engage with key stakeholders in the supply chain to explore opportunities for increasing the availability of recycled silver and improve production standards.
Pandora has also joined the Science Based Targets initiative, the leading corporate collaboration for action on climate change and will publish a plan next year to reduce carbon emissions in its full value chain in line with the Paris Agreement.