Concept

Guidance

Research / Due Diligence Processes as Sponsor for GLD and GLDM

"In order to be included on the LBMA Good Delivery List, the refiner must follow the LBMA Responsible Gold Guidance (\"the Guidance\"), which is mandatory and subject to audit. The Guidance specifically states that refiners ‘collect and maintain documentation regarding the sources of Mined Gold, Recycled Gold, or any other feedstock, in order to ensure that they have not financed conflict, have not participated in abuse of human rights or money laundering, nor financed terrorism at any point in the supply chain’. The definition of abuse of human rights mirrors that of The International Bill of Human Rights, which includes slavery.\n\nIn addition to ensuring that all gold is sourced from refiners on the LBMA Good Delivery List at the time that the gold was produced, we regularly review the bar lists and controls around the gold held by GLD and GLDM. As a result of these steps, we believe that the risk of modern slavery is sufficiently addressed."

Related Ideas

  • TrustsResearch · Due Diligence Processes as Sponsor for GLD and GLDM
  • Gold StandardsResearch · Gold as a responsible and sustainable investment
  • WGC ResponsibilityResearch · Slavery and Human Trafficking Statement of the World Gold Council for the financial year 2024
  • Supplier DiligenceResearch · Our Suppliers
  • Modern SlaveryResearch · Slavery and Human Trafficking Statement of the World Gold Council for the financial year 2024
  • Human RightsResearch · Our Members
  • Human RightsResearch · Our Activities
  • Procurement PoliciesResearch · Steps we take to address Modern Slavery risks in our operations
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