Responsible Business
We are committed to operating in a sustainable manner and with the utmost integrity to enhance the positive economic, environmental and social impacts of our business, while maximizing the resources we mine. Our commitment is guided by the principles of social responsibility, environmental stewardship and economic sustainability.
Responsible Trade in Diamonds
Arctic Canadian is committed to ensuring that all aspects of our business – including diamond mining and the sale of rough diamonds – reflect the highest standards of conduct. Canada subscribes to an international system of certification and warranties known as Kimberley Process Certification Scheme (KPCS) and The System of Warranties (SoW). The KPCS is a joint initiative between government, the diamond industry, and non-governmental organizations, that imposes extensive requirements on its member countries to enable them to certify the origin of their rough diamonds and prevent illicit or “conflict” diamonds from entering legitimate trade.
The SoW is an extension of KPCS, where members of the diamond trade provide a written guarantee on all invoices that the diamonds are conflict free. All warranties whether given or received must be audited and reconciled on an annual basis. The SoW provides assurance that diamonds are from conflict-free sources all the way to the diamond jewellery retailer. As Canada subscribes to the KPCS, diamonds from the Ekati Diamond Mine are conflict free.Responsible Jewellery Council
Arctic Canadian is a member of the Responsible Jewelry Council (RJC) which promotes responsible, ethical, environmental and social practices throughout the diamond chain, from mine to retailer.
Corporate Governance
Arctic Canadian’s Board of Directors and management commit to a high standard of corporate governance to earn the trust of our shareholders and other stakeholders consistently. We follow leading policies and practices, which are regularly assessed to ensure governance objectives are met.
Code of Business Conduct
Our commitment to business ethics and integrity is reflected in our focus on continuously improving our governance policies and practices, and establishing clear systems to ensure accountability, risk management and control are embedded across our business.
For a copy of our Code of Business Conduct please contact hr.general@arcticcanadian.ca.
