The World Gold Council (WGC) today published its Conflict-Free Gold Standard, a common approach for gold producers to assess and provide assurance that their gold has been extracted in a manner that does not fuel unlawful armed conflict or contribute to serious human rights abuses or breaches of international humanitarian law. The standard, which would apply to conflict-affected areas globally, was developed in collaboration with the council’s member companies including Goldcorp, supply chain participants such as refineries, governments, leading NGOs, academics, investors, and civil society organizations.
The standard is designed to increase trust and transparency in the gold supply chain and provides further confidence that responsible gold mining is an important source of social and economic development. Gold mining firms who apply the standard would be required to publicly disclose their conformance. Conformance with the standard will be externally assured via an auditable framework.
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