NFR Innovation Inc.
Annual Sustainability Statement

January 2025

Over the past year, we have strengthened our commitment to compliance and client support in alignment with the EU Corporate Sustainability Reporting Directive (CSRD). As part of these efforts, we have made the following commitments:

• Joined the Watch and Jewellery Initiative 2030 and began developing our Nature Roadmap.
• Became a signatory of the Women’s Empowerment Principles (WEPs) to further our commitment to gender equality.
• Enhanced melee diamond traceability by completing a pilot project to achieve full traceability of melee diamonds. This initiative was independently audited by Forvis-Mazars, earning us the highest rating: "no risk related to traceability was identified."
• Strengthened our wider traceability efforts by collaborating with iTraceiT and Tracr to develop downstream programs that support full traceability from mine to market.
• Increased direct rough diamond sourcing from mines through our manufacturing partners, enhancing confidence in our supply chain.

These initiatives improve transparency across our diamond supply chain and lay the foundation for measuring and reducing our carbon footprint in the coming year.

Our supply chain due diligence follows a continuous, proactive approach, requiring suppliers to maintain transparency about their sourcing and human rights practices. We regularly update this information to ensure our direct sourcing is not linked to serious human rights violations, such as forced and child labor.

Additionally, we require that all suppliers disclose the geographical origin of the diamonds we source, enabling us to identify and mitigate actual or potential risks associated with Conflict-Affected and High-Risk Areas (CAHRAs).

As of this reporting period, we have not identified any serious human rights impacts within our supply chain. Based on our due diligence findings and OECD-aligned CAHRA identification methodology, we can also confirm that we are not, to our knowledge, currently sourcing diamonds from any country classified as a CAHRA.

 

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