LBMA Responsible Gold Guidance
London Bullion Market Association (LBMA)
LBMA’s Responsible Sourcing Programme (the Programme) protects the integrity of the global supply chain for the wholesale precious metals markets. It was set up to consolidate, strengthen and formalise the existing standards of the LBMA Good Delivery Refiners’ due diligence practices. LBMA was actively involved in drafting the OECD Due Diligence Guidance and its Gold Supplement and continues to support the OECD’s work in supply chain due diligence and related projects. The LBMA Responsible Gold Guidance (RGG) has been in force since 2012 and in line with the evolution of best practices and standards for responsible sourcing.
Vital to the credibility of the LBMA Programme is its broad scope, which includes measures to combat money laundering, terrorist financing and human rights abuses globally. In addition, the Programme has also been developed to recognise the increasing importance of strong Environmental, Social and Governance (ESG) responsibilities.
- Current Version: v9 (2021)
- First Published: 2012
About
| Name | LBMA Responsible Gold Guidance |
| Owner(s) | London Bullion Market Association (LBMA) |
| First Published | 2012 |
| Current Version Published | v9 (2021) |
| Licensing Terms | Open Access |
| Membership/Participation Fee | Login to view Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi elementum vestibulum lobortis. |
| Members List | Login to view Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi elementum vestibulum lobortis. |
| Number of Participants | 100-500 |
| Applicable Size of Entity | Agnostic/All |
Governance
| Scheme Holder Type |
Industry Organisation An organisation, association or membership representing and with a mandate for improving the services provided by an industry, its public standing, and including the industry's sustainability performance. |
| Core Focus |
Due diligence standard A standard that sets expectations for a standard-holing organisation's supply chain or business partner due diligence activities (the standard mandates the identification or mitigation of ESG risks). |
| Claim Type | Business practice performance |
Assurance
| Verification Requirement | Independent 3rd Party |
| Verification Frequency | Annual |
| Additional Verification | Login to view Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi elementum vestibulum lobortis. |
| Assessor Qualifications | Professional assessment qualifications (e.g., ISO, ASI, IRCA, APSCA, etc.) |
| Public Audit Reporting | Full |
| Applicability | Site-level |
| Assurance Notes | Frequency requirement: First year and every three years: Reasonable assurance. Every 12 months: Limited assurance. This may be performed annually for the two years in between a reasonable assurance engagement. Limited assurance may only be carried out if the Refiner was fully compliant the previous year. |
Consultation
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| Next Start Date | Login to view Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi elementum vestibulum lobortis. |
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| Notes | Login to view Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi elementum vestibulum lobortis. |