Responsible Sourcing

Our mandatory independent audit programme verifies the legitimacy of gold and silver supply chains, ensuring sourcing meets international ethical standards.

Responsible Sourcing

The Responsible Sourcing Programme ensures the continuous improvement of Responsible Sourcing business practices and reassure clients that all of the metal sourced from LBMA Good Delivery Refiners is free from threat financing.

The Programme follows the five-step due diligence framework set out in the OECD Guidance and requires GDL refiners to demonstrate their efforts to combat money laundering, terrorist financing and human rights abuses, and respect the environment globally.

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Areas of focus

Value chain accountability – building leverage

Build the awareness, trust and mutual confidence of stakeholders in the precious metals value chain to increase accountability and enhance collaboration

Advancing standards – defining best practice

Advance Responsible Sourcing standards and business practices to strengthen refiners’ risk assessment practices and provide more focus on progressive risk mitigation

Audit Programme – enhancing credibility

Strengthen the robustness of Step 4 of the Responsible Sourcing Programme to improve confidence in the assurance process

Transparency – improving disclosure and reporting

Enhance disclosure against Step 5 of the Responsible Sourcing Programme to improve the transparency of the precious metals supply chain

Artisanal Small-Scale Mining (ASM) – engaging responsibly

Encourage and facilitate responsible engagement by refiners in the precious metal supply chains of Artisanal and Small-Scale Mining