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Swarovski Reduces, Renews, Recycles More Than Ever: Report

LONDON — Swarovski has been reducing, renewing and recycling more than ever, according to its latest sustainability report, which is set to be released Wednesday. Swarovski — which has more than 3,000 stores across 170 countries, and is a new player in the field of lab-grown diamonds — has intensified its commitment to the environment and to philanthropy. According to the report, some 35 percent of the company’s energy came from renewable sources in 2018, while 76 percent of total water demand was met with recycled water. The company reported a 29 percent drop in total energy consumption and a 56 percent reduction in scope 1 GHG emissions since 2010 across its manufacturing and production locations. Those numbers are the fruit of Swarovski’s refreshed sustainability strategy, unveiled in 2017. The company said its five strategic priorities are women’s empowerment; water stewardship; fair partnerships; conscious design, and sustainable innovation, and is looking to improve “social and environmental governance and systems” across its business units, production sites and external supply chain. “By working across our value chain, we strive to remain true to our founder Daniel Swarovski’s vision of a responsible company that not only has its employees’ well-being at heart, but also that of the environment and

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