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NFR Innovation Inc. Annual Report

Version 1, 15 January 2021

During late 2020 and early 2021, NFR Innovation Inc. began a process of embedding sustainable and responsible business practices into its day-to-day operations. As a member of the Responsible Jewellery Council (RJC), NFR innovation is committed to implementation of the Code of Practices (COP) standard and as such we have developed a range of policies and procedures to ensure our ongoing compliance with its requirements.

We are also committed to developing and nurturing strong relationships with suppliers and other business partners to promote responsible business practices throughout the diamond supply chain. This includes taking steps to identify and, where applicable, mitigate negative social and environmental impacts with a particular focus on addressing issues related to human rights, child labour and forced labour. Our expectation is that our vendors and partners will review our policies and will take part in making this a part of their business practices. NFR will work with all our vendors and partners to ensure that our industry implements the COP standard.

To achieve this, we carry out due diligence on all of our suppliers in alignment with the UN Guiding Principles on Business and Human Rights and the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (OECD Guidance). In early 2021 we took the following initial steps on this journey:

We will continue to work with our supply chain throughout 2021 to build on these efforts which will include, where applicable, steps to appropriately manage identified risks in alignment with our policies and the requirements of the RJC Code of Practices standard.

 

The above is endorsed by Dylan Dix, Managing Director and Owner, NFR Innovation Inc.

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