Responsible Sourcing Overview
LBMA’s Responsible Sourcing Programme was set up to consolidate, strengthen, and formalise existing standards of refiners’ due diligence.
The scope of the Guidance documents not only meets, but exceeds, conflict minerals regulations. Refiners are audited annually and are required to report publicly.
Approved Service Providers
LBMA accredits auditors and assurance providers to enable them to conduct Responsible Gold, Silver, Platinum and Palladium Audits.
OECD Due Diligence for Responsible Supply Chains
The OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict Affected and High Risk Areas provides recommendations to enable companies’ implementation of responsible sourcing practices with respect to human rights and avoiding contribution to conflict.
LBMA was actively involved in drafting the Gold Supplement section of the OECD Guidance and continues to support the work of the OECD in the area of supply chain due diligence and related projects.