Page 30 - Bullion World Volume 3 Issue 12 December 2023

Bullion World | Volume 3 | Issue 12 | December 2023

Sustainability in the Gold Industry:

Exploring a Path to Responsible Practices

Mr Shubham Kumar, Manager - SAA, Eventell Global Advisory Pvt. Ltd.

THE GOLD LOGISTICS: Path to Responsible
Distribution"
The journey of sustainability in the gold industry unfurls
further as we shift our focus to the critical realm of logistics.
Beyond the glimmer of gold lies a network intricately woven
with logistical challenges, environmental considerations, and
social responsibilities. In the intricate dance from mining sites
to refining facilities, and finally, to the hands of consumers,
logistics plays a pivotal role, presenting both opportunities
and challenges in the pursuit of a sustainable future.
Sovereign Metals Limited is in the
In this leg of our exploration, we delve into the dynamic business of refining precious metals
landscape of gold logistics, where the precious metal (gold and silver) and supplying
navigates miles, bridging continents and cultures. We highest and most consistent quality
aim to unravel the initiatives taken by key players in the products and related services and
logistics sector to minimize their carbon footprint, ensure solution to customers at their place
ethical sourcing, and contribute to the broader tapestry of of convenience by leveraging its
sustainability in the gold industry. competent and customer-focused
Mr Shubham Kumar
Environmental Initiatives human resources, industry-leading
technology infrastructure and
Companies/ Climate Change Water Biodiversity Waste Environmental transparent and globally
Initiatives Mitigation Stewardship Conservation Management Compliance
compliant-sourcing practices.
BRINKS Global 1% reduction Continuous Introducing all- Lean management Deploying solar
in Scope 1 & 2 reduction in water electric vehicles. methodology equipped vehicles.
(North America, emissions. From usage every year on Introducing all- Sovereign Metals Limited would
Europe, Latin 297773 to 296060 year. Implementing electric vehicles. pursue environmentally sustainable
America, Asia) MT CO2e. route-optimization Implementing
technology to route optimization manufacturing practices and would
Maximum Digital increase efficiency. technology to increase strive to be a world leader in its
retail solution. efficiency. chosen segment from India.
Deploying solar-
equipped vehicles.

LOOMIS 15% reduction 62% Plastic bags are 100% waste 69% of fleet has
INTERNATIONAL in scope 1 & 2 made from recycled management specified route
(North America, compbined since materials. program. planning sys.
Europe, Latin 2019.
America, Asia) www.sovereignmetals.in
SEQUEL GLOBAL Continuous Recycled million Skylights in the Consolidation of Reusable steel
reduction in Scope 1 gallons of waste warehouse to save packages at metros containers with metal
(Asia) & 2 every year. water. electricity to reduce the locks to lessen plastic
number of trips. usage
Virtual onboarding
of clients.
TRANSGUARD Reduce CO2 Recycled 19 million Generated 729,005 Reduce electricity, Implemented IoT
GROUP emissions by 5%. gallons of grey kWh of clean energy water and waste technology to further
Investment of water. through the Shams by 5%. reduce energy
(Middle East) AED13 million Saved 25 million Dubai Initiative Collected 358kg consumption and CO
in environmental gallons of water of plastic and 177 emissions.
initiatives. across Transguard’s mobile phones
1946 metric tons entire property as part of the
of reduction in portfolio. "One Root, One
greenhouse gases. Communi-Tree
project"

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