Rosy Blue | More than Diamonds | Our Approach to CSR

Rosy Blue strives to conduct its business in a responsible and sustainable manner around the globe. In order to achieve its sustainability objectives it has established a Global Compliance Corporate Affairs Department in Antwerp in 2007 and appointed regional compliance officers around the world. This internal CSR model reinforces the company's worldwide commitment to accountability and integrity and helps to assure resources are available to raise concerns or seek guidance about legal and ethical matters.

Rosy Blue’s strategic vision is clear and consistent: be a responsible leader in delivering diamonds to the market. 2009 was a very challenging year for our operations across the world. Despite this the CEO and Group Partners provided resources to the Compliance team with one main objective to deliver performance and focus on improving CSR practices across the globe.

There is a strong cooperation between the Global Corporate Affairs Department and the dedicated local Compliance officers.

A high degree of individual autonomy and responsibility is given to accommodate national and cultural needs, all in accordance with key centrally defined central governance in the areas of CSR guidance, performance, training support, expertise and control mechanisms for internal and external assessments.

Local officers responsible for compliance in each entity have the authority to issue instructions concerning compliance to their respective entity. By cooperating with other local CSR-AML compliance officers throughout the group, they are working to establish and maintain a comprehensive global compliance structure.

This dual partnership motivates local innovation on csr initiatives while maintaining and benefiting from Group synergies.

When we do not meet the internal standards28, these issues are reported to the Group Associates and Group Executive Management. The Global Corporate Affairs Department, together with the relevant CSR-AML compliance officers, manage corrective actions. A corrective plan is agreed upon and continuously followed up. Progress reports are sent to the Group Associates and Group Executive Management until there is a final agreement reached on the level of compliance that had to be applied. Random checks are done regularly and reports from such checks are filed accordingly.

"The concept of CSR is evolving throughout our organisation and becoming a core component in our Business Strategy and a driving force for innovation."
Mr. Amit Bhansali—Group Associate

During 2009 we focused mainly on stakeholder engagement, preparing ourselves to apply for RJC Certification and integration of the UN Global Compact Principles throughout our operations. More details you will find throughout the report.

KEY MILESTONES

Oct '07	CSR Strategy decision by the CEO and Group Associates Establishment of the Global Corporate Affairs Department in Antwerp
Dec '07	Internal CSR system in place (planning programme, content-supporting standard documentations) Seminar in Sri Lanka: system training for the appointed local CSR-AML compliance officers
Jan '08	Launch CSR information management system Start on-site internal pre-audit visits, apart from external SGS verification visits since 2007
Jun '08	Participant of the UN Global Compact
May '09	First Rosy Blue Group CSR Report
Sep '09	2^nd Global CSR Seminar in Mumbai, focus on: integration of UN Global Compact Principles across operations preparation for RJC implementation – follow-up on risk analysis fine-tuning the reporting on the CSR extranet
Nov-Dec '09	Pilot project in India and Dubai with De Beers and SGS: Where do we stand in preparation in the application for RJC Certification? First major contractor audit in India and Israel
Jan '10	Active member of the Working Committee Supply Chain Management Business & Society Belgium
Feb '10	Active member of Human Rights Working Group UN Global Compact
Jun '10	Second Rosy Blue Group CSR Report

Global Corporate Compliance Team

Commitment from the top

Global yet local