What is responsible gold sourcing?
Responsible gold sourcing refers to the process of extracting, producing, and selling gold in a way that minimizes negative social and environmental impacts and ensures that the gold is not associated with human rights abuses or conflict. Responsible gold sourcing includes:
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Ethical Mining Practices: Responsible gold mining involves safe and responsible practices that minimize environmental impacts and protect workers' rights and safety.
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Transparency: The gold supply chain should be transparent, and all stakeholders should be able to track the gold from the mine to the final product.
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Compliance with Standards: Responsible gold sourcing requires compliance with recognized international standards such as the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals, the LBMA Responsible Gold Guidance, and the Responsible Jewellery Council (RJC) Code of Practices.
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Respect for Human Rights: All actors in the gold supply chain should respect human rights and prevent any form of human rights abuse, including child labor and forced labor.
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Support for Communities: Responsible gold sourcing should support the development of local communities in and around the mines.
Responsible gold sourcing aims to promote sustainable and ethical practices in the gold industry, minimize negative social and environmental impacts, and provide consumers with assurance that the gold they purchase has been responsibly sourced.