DAUMET is a materials science company aiming to ‘grow the future of gold’ and contribute to a more sustainable future. With precious metals becoming increasingly rare and environmentally destructive, DAUMET develops materials to help save them. With innovation and craftsmanship, it embraces technology to use gold and other precious minerals sparingly. DAUMET uses the ‘whitest’ gold – an innovative, beautiful and more resource efficient material for jewellery – and offers a bespoke, customisable service for luxury brands.
DAUMET has four core values: excellence, innovation, recognition and transmission. They are convinced humans will continue to be fascinated by gold despite its scarcity. However, mining is the most polluting human activity, so DAUMET innovate to reduce the use of precious metals and so passing on a sustainable world to future generations.
A WORD FROM THE CEO
Sustainability has always been at the heart of our vision. By working differently with precious metals, we can make a lasting and significant difference to the footprint we leave on younger generations. Working with Positive Luxury allows us not only to validate that we are on the right path, but also to strengthen and increase our visibility. It is by deploying our innovations as widely as possible that we will collectively succeed in passing on a sustainable future.
BUTTERFLY MARK TESTIMONIAL
The ESG assesment is very comprehensive. In addition to the company's progress, it also allows us to discover other players in the sustainable development ecosystem and to forge links with companies that share the same values. Of course, this certification is a proof of the positive impact of our activity but It has also given us the peace of mind to build the foundations of our young company, particularly from a social and governance point of view.
To compile its relatively low scope 1, 2 and 3 emissions, Daumet has drawn on the SME Climate Hub, the UK Streamlined Energy and Carbon Reporting Requirements, and the Green House Gas (GHG) Protocol and Daumet has developed a carbon reduction plan to achieve net zero emissions by 2030. Although the company’s scope 1-3 emissions are expected to rise over the next 6-7 years, the target for scope 4 GHG reductions would offset the company’s projected increase by a significant margin. Daumet’s innovative gilding approach entails annually replacing 100 tonnes of pure gold and 10 tonnes of both palladium and rhodium with 120 tonnes of tungsten. This alternative to traditional gold coating seeks to address the degradation caused by the mining of these three much rarer and more deeply buried metals. The goal of the scope 4 reductions plan is to prevent the annual release of over a million tonnes of CO2.
Daumet is working to prevent the adverse environmental and social impacts of mining valuable metals such as gold, palladium, and rhodium and preserve the ecosystems surrounding the prospective mining sites. A critical outcome of substituting tungsten for those three precious metals would involve preserving forest areas and habitats alongside cleaner water sources and soil. In addition, the precious metal substitution plan proposes an alternative to the exploitation and sourcing of minerals and metals on the seabed. Daumet also intends to set science-based targets for nature to remove and/or substantially reduce deforestation from its operations by 2030. Daumet’s ongoing biodiversity assessments remain centred on mitigating the business and supply chain impacts on ocean health and terrestrial ecosystems.
Daumet has aligned its commitment to reduce the mining of precious metals with six United Nations Sustainable Development Goals (SDGs). To contribute to clean water and sanitation (SDG 6), annual savings from not having to extract gold, palladium, and rhodium would be equivalent to 10 years of current water consumption in the city of Paris. To bolster industry, innovation, and infrastructure (SDG 9), Daumet is using a more sustainable approach to treat metal surfaces via physical vapor deposition coating instead of electroplating and gilded baths. The commitment to more responsible consumption and production of precious metals (SDG 12) also aims at reducing every tonne of CO2 emitted from each ounce of gold produced (SDG 13), projected reductions would even rival the annual carbon footprint of Paris. Finally, to protect life below water (SDG 14) and life on land (SDG 15), the substitution of tungsten for gold reduces adverse impacts on forests, biodiversity loss, and seabed mining.
DAUMET is now focusing on implementing its white gold on the jewellery market and thus enabling greater consumption of Fairmined gold.