OUR WATER USAGE
Since 2019, Chopard installed a closed loop system for cooling the machines in one of the most impactful workshops, resulting in a drastic diminution.
We have also started conducting an assessment of our supply chains to investigate whether any of the key mines from which we source gold are located in water-stress areas.
Of four key gold mine suppliers located in Latin America, two are located in Arequipa, a region of Peru characterised by a high baseline water stress index (meaning the ratio of total water withdrawals to available renewable water supplies is too high). However, thanks to the fact that these mines are part of responsible sourcing initiatives (Fairmined certified or Better Gold Initiative/SBGA), actions have been undertaken to ensure that water is managed responsibly.
As a result, no negative impact is caused on the water supply available to local communities, with one of the mines in Peru even proving 100% rate of water reuse as well as collecting rainwater for its mining operations.