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This document outlines the Responsible Sourcing requirements for LBMA refiners of Good Delivery Gold bars, detailing the necessary due diligence processes to ensure compliance with ethical sourcing

How to fill out lbma responsible gold guidance

How to fill out lbma responsible gold guidance

1. Understand the structure of the LBMA Responsible Gold Guidance document.
2. Gather relevant company information, including sourcing practices and supply chain details.
3. Review the key principles outlined in the guidance, such as due diligence and risk assessment.
4. Identify and map out your gold supply chain to understand potential risks.
5. Conduct a self-assessment to evaluate compliance with the guidance principles.
6. Prepare documentation to support policies, procedures, and practices related to responsible sourcing.
7. Submit the filled guidance form along with supporting documentation to the LBMA.
8. Ensure regular updates and continuous improvement processes are in place.

Who needs lbma responsible gold guidance?

1. Gold producers looking to demonstrate responsible sourcing practices.
2. Refiners and bullion dealers seeking to comply with industry standards.
3. Investors and financial institutions evaluating responsible gold investments.
4. Manufacturers and retailers using gold in their products.
5. NGOs and advocacy groups promoting responsible gold sourcing.

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What is lbma responsible gold guidance?

The LBMA Responsible Gold Guidance provides a framework for the responsible sourcing of gold and aims to eliminate the risk of financing conflict and human rights abuses in the supply chain.

Who is required to file lbma responsible gold guidance?

Entities involved in the gold supply chain, including refiners and other companies sourcing gold, are required to file and demonstrate compliance with the LBMA Responsible Gold Guidance.

How to fill out lbma responsible gold guidance?

To fill out the LBMA Responsible Gold Guidance, entities must provide detailed information about their sourcing practices, relevant policies, risk assessments, and due diligence processes, in accordance with the prescribed format set by the LBMA.

What is the purpose of lbma responsible gold guidance?

The purpose of the LBMA Responsible Gold Guidance is to promote transparency and responsible practices in the gold supply chain, ensuring that gold is sourced ethically and sustainably.

What information must be reported on lbma responsible gold guidance?

Information that must be reported includes the supply chain details, due diligence measures, risk assessments, and actions taken to manage risks related to conflict, human rights, and environmental impact.