ESG Coverage | LBMA Responsible Gold Guidance

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.

The ESG Coverage of a standard or regulation outlines the high and mid-level ESG topics that a standard or regulation covers, and at the highest level of analysis, specific binary statements that can be used to determine exactly what the requirements are. These statements are cross-standard compatible, allowing you to compare the exact coverage areas of multiple standards or regulations.

This data has been compiled and is continually updated by analysts at TDi Sustainability, and is backed by decades of standards analysis expertise.

GOVERNANCE AND MANAGEMENT
Management Systems
Risk and Impact Assessments and Management
BUSINESS ETHICS AND ACCOUNTABILITY
Business Integrity
Stakeholder Engagement
RESPONSIBLE BUSINESS RELATIONSHIPS
Supply Chain Practices
LABOUR
Labour Rights
COMMUNITY
HUMAN RIGHTS
Security Forces
Human Rights
ENVIRONMENT
CLOSURE AND RECLAMATION