How Thai Jewelry Manufacturers Balance Profitability and Sustainability
In the modern world, being profitable is not everything. Today, businesses need to balance their profitability with sustainability. Here is a peek into how the Thailand jewel manufacturing industry balances the two.
Climate change and its impact have become a familiar premise in global discussions. In response, socially responsible companies have made spirited efforts towards minimizing their impact on the environment.
Jewelry producers in Thailand have not been left behind in committing to sustainable jewelry production processes.
Here are some ways in which this is evidenced.
Because charity begins at home, a company must begin its responsible deeds with its employees. Thailand jewelry manufacturers do this in a couple of ways.
The first is compensation. We heard horror stories about workers being underpaid and overworked to produce the jewelry we see in magazines. This is frowned upon in Thailand. Employers strive to offer competitive pay, reasonable working hours, paid leave, and safe working conditions.
Many factories also invite third-party auditors to ensure all health, safety, ethical, social, and environmental regulations are adhered to.
A company can do it can to ensure sustainability and ethical practices. However, if other parties in its line of work don’t uphold the same values, it taints any efforts made.
Thai jewelry manufacturers pay special attention to who they partner with. This ensures they work with partners that follow their code of conduct. This means finding partners that source material sustainably and promote human rights.
As part of this, more and more Thai jewelers are operating under the Responsible Sourcing Protocols and Organization for Economic Co-operation and Development Due Diligence Procedures.
Other manufacturers are also part of the Responsible Jewelry Council. Under this, manufacturers are expected to ensure their sources are conflict-free and carry out due diligence to ensure their supplies do not abuse human rights in developing countries where raw materials are sourced.
Numerous Thai jewelry producers have adopted environmental strategies revolving around sustainability and preservation. These strategies speak to individual companies’ commitment to reducing their carbon footprint and environmental impact.
There are several avenues for this.
One is in recycling. Producers have assessed their waste output and sources of used raw materials that can be recycled to create new products. Some have done away with one-time-use plastic and replaced these with recyclable options. Similarly, excess gold and silver are collected and sent to a recycling facility. These are then used for new pieces.
In addition, excess wax is directed to organizations with base metal casting projects. On the other hand, excess rubber from mold is repurposed for petroleum production.
Another is minimizing waste and pollution output. Reverse osmosis water filtration to reduce greenhouse emissions that result from tap water production. Another is switching to solar panels to reduce non-renewable energy consumption.
The other element is making the jewelry locally. This minimizes the carbon footprint by not sending materials and samples abroad back and forth.
As a jewelry retailer, you want to do business the right way. Over the years, we have gone above and beyond to ensure all our processes are above board, ethical, and sustainable. All these while churning out trendy, magnificent pieces of jewelry!
Contact us today if you want to partner with a responsible jewelry producer.