Environmental, Social, and Governance (ESG) Policy

Purpose and Commitments

Miranda Group’s Environmental, Social, and Governance (ESG) Master Policy establishes the framework for responsible gemstone sourcing, processing, and distribution. We recognize that long-term value creation depends on sustainable development and community well-being. Accordingly, we commit to regulatory compliance with OECD Due Diligence Guidelines, UN Sustainable Development Goals, and local laws; environmental stewardship through waterpipes and zero uncontrolled discharge; social accountability by protecting worker health and community balance; and governance integrity through anti-bribery, anti-money laundering, and full provenance disclosure. These commitments are reinforced by our Environmental, Climate Change, Health and Safety, Human Rights, and Supplier Code of Conduct policies.

Scope and Management

This policy applies universally to directors, managers, employees, contractors, and business associates and stakeholders worldwide. Our environmental management system prevents pollution and minimizes impacts, supported by training and awareness programs. Compliance is mandatory, with disciplinary review or suspension for violations. Information and resources are made available to set, monitor, and review objectives, ensuring continuous improvement and embedding a culture of responsibility across all operations.

Risk Assessment and Governance

Risk management is a commercial and ethical necessity. All operations undergo centralized risk auditing before initiation. Stakeholders are engaged through anonymous grievance channels and social impact screenings. Risks are classified as low, medium, or high depending on utility intensity, chemical use, dust generation, and socio-political vulnerability.

High-risk facilities must implement advanced mitigation controls, including local exhaust ventilation, double-walled containment, and water pipes recapture. Corrective Action Plans must resolve issues within 45 days, whenever shorter. Continuous monitoring, horizon scanning, and annual third-party audits ensure credibility and alignment with evolving standards. Any intentional bypass of protections or fabrication of data results in immediate termination and referral to enforcement bodies.

Environmental Metrics and Targets

We ban restricted chemicals, enforce safer alternatives, and maintain accessible hazard inventories. Waste and emissions are tracked under the Waste Mitigation Hierarchy, with Scope 3 emissions aligned to the Paris Agreement. Water governance requires mapping consumption, engaging catchment stakeholders, and enforcing closed-loop recapture of at least 85 percent.

Energy efficiency is supported by LED fixtures, preventative maintenance, and behavioural protocols. Hazardous waste is contained in double-walled structures and disposed of under chain-of-custody safeguards. General waste reduction follows the 3R principles, with paper reduction and reuse, recycling, digitalization, and equipment maintenances by parts. These measures ensure that gemstone processing remains resource-efficient and environmentally responsible.

Climate Change Adaptation

We address acute risks such as typhoons and floods through protocols aligned with the Hong Kong Observatory. Chronic risks such as rising temperatures and sea-level changes are mitigated through energy conservation, structural durability, and emissions reduction. Policy risks are managed through regular review of climate regulations and international developments, ensuring proactive readiness and resilience in the face of climate change.

Social Accountability

Worker health and industrial hygiene are safeguarded through mandatory PPE. Emergency infrastructure includes fire and chemical safety, and first-aid enclosures, supported by management office drills. Community engagement is starting by charity donation, encourage transparent with social impact screenings conducted before expansions to protect local stability. These measures ensure secure, equitable, and dignified conditions across all operational units.

Human Rights and Labor Practices

We respect internationally recognized human rights standards, including the UN Global Compact and ILO principles. Employment is voluntary and merit-based, with equal opportunity, pay equity, accessibility, and non-discrimination embedded in our practices. Child labour, forced labour, and abusive discipline are strictly prohibited.

Employees retain the right to freedom of association and collective bargaining. Diversity and inclusion are actively promoted, with defined targets for representation and pay equity within senior management.

Ethical Governance

Supplier selection integrates environmental, legal, and social criteria, including compliance with Supplier Due Diligence Process. Anti-financial crime controls enforce zero tolerance for bribery, facilitation payments, and money laundering. Know Your Counterparty checks are mandatory, and payments are processed only through verified accounts. Provenance disclosure requires full origin documentation and transparent invoices for all gemstones, ensuring integrity and trust in our luxury supply chains.

Roles, Responsibilities, and Review

The Executive Board oversees execution and funding. The Compliance Committee enforces operational tracking and audits, while floor managers ensure daily safety checks and PPE compliance.

This policy is reviewed annually to align with evolving standards, with independent audits maintaining RJC member status and ISO 37001 certifications. Whistleblower channels provide secure, anonymous reporting for all personnel and business associates, ensuring accountability and continuous improvement.