What is behind our traditional products, whether cast and minted bars, grains, medals and coins, and our more innovative ones, and how they are made, the countries and regions the materials come from, the people we source from, the chain of custody, how miners have extracted the minerals, and how we have refined and manufactured them – is as important to us and our clients as their beauty and quality.
Operating a responsible supply chain is vital to the sustainable success of our business and our sector, and to the sustainable development of the countries from which the raw materials originate.
We have to ensure that any material, whether recycled or mined products, entering our refinery is from responsible and sustainable sources.
Operating a responsible supply chain requires assessment and management of our risk with our counterparties, including sourcing suppliers and buyers of our products. We have further developed our sourcing processes and due diligence, aligned with and beyond internationally accepted standards and responsible business practices, including the OECD Due Diligence Guidance, LBMA Responsible Gold Guidance, the RJC Chain-of-Custody, World Gold Council ‘Conflict-Free Gold Standard’, and Dodd-Frank Act Section 1502.
Importantly, our due diligence practices may go beyond the first counterparty delivering the material where needed.
For all of our products, a documentary-based traceability system is in place, and third parties perform audits on our practices on a regular basis.
