Shree Ramkrishna Exports sparkles as Industry pioneer: Achieves Net Zero for diamond crafting facilities

Already two of the highest performing LEED certified buildings in the world, SRK House and SRK Empire, were originally targeting a 2030 completion for each facility. However, after teaming up with GNFZ, a revolutionary new net zero certification body founded by former U.S. Green Building Council President and CEO, Mahesh Ramanujam, SRK was able to create an implementation strategy and accelerate a 2024 delivery for the net zero certification of both projects.

“We partnered with GNFZ because as the leading purveyor of natural diamonds, we know we have a responsibility to decarbonize our sector and to set an example for other companies in India working to pursue more sustainable operations,” says Shri Govind Dholakia. 

Dholakia also cites a sense of urgency and accountability as a driving force in his decision making, saying, “India has a national net zero goal of 2070. At SRK, we believe that this timeline must be accelerated for the survival and betterment of all and that business leaders in India can play a pivotal role in leading our nation forward. I knew that accelerating to 2024 would be a chance for us to lead by example. Knowing we beat even our end of year deadline opens the door for us to replicate our transformation at scale and across operations.”

Strategies SRK has employed at their facilities to meet GNFZ certification requirements include installing an off-site 6 MW solar power plant to mitigate their entire Scope 1 and 2 emissions, and, for Scope 3, converting all cars owned by SRK to electric, installing solar-power electric vehicle charging stations, creating an app to track employee daily commute modes and practices, and planting trees over a 200-acre land area. And for the next chapter of their decarbonization journey, they will pursue net zero certifications for water, waste, and energy, as well as GNFZ’s net zero certification for business.

Ramanujam believes SRK’s commitment to acceleration is telegraphing what’s possible for the net zero frontier in India: “Under the leadership of Shri Govind Dholakia, SRK has been able to harness our process and methodology to accelerate their targets in record time. As a result, they are paving the way for other Indian business leaders to leverage partnerships and decarbonize operations, all while protecting people, planet, and purpose.”

SRK’s certification reaffirms their enduring commitment to pursuing and sustaining a zero emissions future. In addition, the trailblazing decarbonization work of SRK is a signal to the Indian diamond sector and the Indian business. The GFNZ team will continually monitor the company’s data, verify its net zero achievements, and ensure it sustains world class zero emissions performance.