Sustainability

Sustainability

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Paspaley is Australian owned and headquartered in Darwin, Australia.

Paspaley commits to regulatory reporting and voluntarily seeks independent third-party certification of its products to provide transparency to its customers and the market. Paspaley adheres to responsible sourcing guidelines and standards throughout the European Union, the United States and Australia. By maintaining compliance across these regions, Paspaley demonstrates its ongoing commitment to ethical practices within its operations. 

Paspaley recognises its responsibility in addressing key sustainability challenges in a rapidly evolving world. We are committed to identifying and understanding current and anticipated environmental, social and governance risks and opportunities across our value chain, while acting responsibly, ethically and transparently in all business transactions. 

Paspaley adopts the definition of sustainability from the 1987 Brundtland Commission Report, recognising the need for a respectful partnership with the natural environment, where healthy, functioning ecosystems fundamentally enhance economic performance and long-term business resilience. An environmental, social, and governance (ESG) framework underpins sustainability and informs business decision-making across both direct operations and the supply chain through a holistic, systematic approach.  

The Environment

Paspaley actively works to minimise environmental impacts and manage risk across its direct operations and supply chain. This includes identifying, understanding and addressing the current and emerging environmental challenges and opportunities associated with climate change and biodiversity loss.

Pearl Stewardship

Pearl Stewardship is Paspaley’s six-year sustainability roadmap, designed to give customers confidence that its pearls, mother-of-pearl and pearl meat are sourced responsibly through evidence-based reporting, transparency and compliance, while reducing ESG risk across the supply chain. This approach strengthens Paspaley’s position as the preferred supplier of pearls as an alternative to precious stones in the fine jewellery sector.

Governance

Paspaley's commitment to sustainability extends beyond compliance through a set of values, guiding principles and behaviours that underpin its day-to-day activities and operations. It promotes transparency to customers, stakeholders, and personnel regarding Paspaley's framework of internal systems, practices, and procedures, viewed as fundamental to ESG performance and to being a responsible pearl steward.

This commitment includes pursuing independent third-party evaluation of all pearls, mother-of-pearl and pearl meat from the Marine Stewardship Council (certificate number MSC-F-30005), contributing to the development of global pearl standards as an active member of the Confédération Internationale de la Bijouterie, Joaillerie, Orfèvrerie des Diamants, Perles et Pierres (CIBJO, translated into English as The World Jewellery Confederation), and participating as a Partner Member of the Watch & Jewellery Initiative 2030

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