Annual Report FY24

Sustainability

Our Sustainability Framework integrates our CSR goals, philosophies & values with the quantifiable approach of ESG reporting. 

Atlas Pearls has a longstanding commitment through our sustainability programs to support local communities and maintain strong relationships with all of our stakeholders. Building on our existing sustainability efforts with the aim of improving transparency and monitoring our operational impacts on the environment and local communities, we have established formal sustainability management and reporting processes. 

To achieve this we undertook a process of engagement with internal and external stakeholders to understand the topics of importance and relevance to our business. Through this process, we identified several key Environmental, Social and Governance (ESG) topics of priority to our stakeholders. These topics helped form the foundation and structure of our sustainability program moving forward and will provide clear topics for data collection and reporting into the future. 

Our Sustainability framework has been designed as an important tool to align and structure our projects and programs with achieving our long-term environmental, social and governance visions. 

GRI reporting standards enable us to provide transparent and tangible data and a connection with the United Nations, Sustainability Development Goals (SDG’s) to ensure we as a company are aligned with a global endeavor for sustainability.


  • Environment


    Our Environmental Vision:
    Striving to protect and enhance the environments we work in for future generations.

    Part of our commitment to high environmental standards is to identify and report our impact on the environment. Through this process, we hope to identify areas where we can avoid or minimise any negative impacts by either changing our operational processes or implementing policies to better manage our impact on the environment.

    The success of our operations depends on marine environments that are highly sensitive to climate change impacts, such as ocean acidification and increasing ocean temperatures, making us reliant on global efforts to reduce emissions.

    Understanding the amount of energy we consume and the energy sources we use can help us identify areas where energy efficiency could be improved and potential pathways for reducing the organisation’s environmental footprint. Identifying key sources of energy can also help in assessing our dependence on certain fuels and identifying and addressing any supply risk issues and the impact they might have on the productivity and resilience of our operations.

    We have identified the following four key environmental goals that we will strive to align our sustainability impact projects towards achieving:

    1. Protect, rehabilitate and conserve all aspects of the environments we operate within.
    2. Implement innovative ideas and technology to continually improve the way we operate our business to reduce our environmental impact.
    3. Create awareness, transperancy and education about the materials we consume across our value chain.
  • Social


    Our Vision for Social sustainability:
    Building, caring and respecting the people, communities and cultures we operate within.

    As a business situated in some of Indonesia’s most remote regions, we deeply value our collaboration with the local communities. Our pearl farms wouldn’t thrive without their presence and support. It is our priority to establish genuine connections and maintain open lines of communication to incorporate the needs and values of these communities and individuals into our organisational ethos. Through nurturing authentic relationships, our aim is to cultivate a harmonious culture that embraces the rich diversity of perspectives within our community.

    Atlas Pearls operates in remote regions where we often serve as the primary employer, deeply ingrained within the communities we operate. This integration is reflected in our employment and training practices, as well as our targeted community engagements. Each of our sites tailors its approach to community involvement to prioritise the specific needs of those communities. This includes various training and safety initiatives, provision of essential resources, access to medical services, financial support towards education, material and labour support for community infrastructure, repair and building of new facilities, as well as supporting local businesses and the economy.  

    We have consolidated our social sustainability focus on the following key goals:

    1. Enable access to meaningful education and training for employees and local communities.
    2. Ensuring fair and equitable employment, diversity, working conditions, and human rights.
    3. Prioritise the safety and health of our people, their families and the communities we work within. 
    4. Support and preserve indigenous culture, language and way of life.
  • Climate Change


    Our Vision for sustainability through Governance:
    Delivering business operations and processes that are ethical, lawful, transparent, and fair.

    Our policies, procedures, and approach to governance are guided by our Corporate Governance Plan and detailed in our annual Corporate Governance Statements. These statements outline our method for assessing environmental and social risks and ensuring they are effectively managed by the Board.

    We have identified the following three key governance goals that we will strive to align our sustainability impact projects towards achieving:

    1. Abide by and respect the local laws, regulations and processes. 
    2. Identify, manage and minimise business risks to protect the people, environment and business.
    3. Maximise the success of what we do through stakeholder engagement.

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