MANUFACTURED GOODS
Impact story - PX Précinox SA August 2023 STI Leaders since
DRIVING SUSTAINABILITY THROUGH COLLECTIVE ACTION
PX précinox’s impact journey from sti leader to value distributor How PX Précinox transformed responsible gold sourcing by building long- term partnerships with artisanal miners and returning value directly to mining communities. PX Précinox SA is a refinery and manufacturer of high-precision precious metal products, serving various industries including watchmaking, elec- tronics, and finance. Due to the growing demand for traceable, responsibly sourced gold from artisanal and small-scale mining (ASM), the company identified that sustainability would enable them to secure long-term stakeholder trust. As a result, the company anchored sustainability as a core corporate purpose, joined the STI programme and made the strate- gic decision to position themselves as a ‘Responsible precious metals partner’ on the market.
Their materiality assessment and CO₂eq footprint analysis showed that most impacts lie in sourcing: More than 88% of PX Précinox’s total tCO₂eq emissions are Scope 3. Mining is energy-intensive, relying heavily on die- sel, explosives, and electricity in extraction and processing. Since their greatest impacts lie in sourcing, PX Précinox recognised that deep supplier engagement and sector transformation are required, well beyond immediate operational transformation. They also established that artisanal and small-scale mining holds both the biggest risks and the strongest opportunities for industry-wide transformation, with supplier collaboration as the decisive lever. Therefore, they set ambitious pledges to not only transform core operations but also redesign procurement to channel value directly to source communities, driving measurable outco- mes for miner livelihoods and environmental stewardship.
30 - Swiss Triple Impact Programme - Impact Report 2025
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