The World Gold Council, the market development organisation for the gold industry, has today published a consultation paper on its Responsible Gold Mining Principles.
These Principles are a new framework that set out clear expectations for investors and downstream users as to what constitutes responsible gold mining. The World Gold Council, working with its Members, the world’s leading gold mining companies, has set out these Principles that it believes address key environmental, social and governance issues for the gold mining sector.
The objective behind the Responsible Gold Mining Principles is that they should become a credible and widely-recognised framework through which gold mining companies can provide confidence that their gold has been produced responsibly.
The Responsible Gold Mining Principles do not represent a new standard, recognising that there are many existing standards that address different aspects of responsible mining. Rather, the Principles are intended to recognise and consolidate existing instruments under a single framework. The ten Principles address ethical conduct, safety and health, human rights, labour rights, working with communities, environmental stewardship, the use of water, energy and climate change, supply chain and transparency, engagement and accountability.
The consultation will run until 9th August 2018, and we will be seeking input from a wide range of stakeholders including host country governments, investors, supply chain participants and civil society to ensure that the framework is widely seen as credible. Input can be provided through an online survey.
The draft Principles and the consultation questionnaire can be accessed here.
You can follow the World Gold Council on Twitter at @goldcouncil and Like on Facebook.
ENDS
For further information please contact:
Stephanie Mackrell
World Gold Council
T +44 207 826 4763
E [email protected]
Kate Savage
Edelman
T +44 203 047 2587
E [email protected]
Note to editors:
World Gold Council
The World Gold Council is the market development organisation for the gold industry. Our purpose is to stimulate and sustain demand for gold, provide industry leadership and be the global authority on the gold market.
We develop gold-backed solutions, services and products, based on authoritative market insight and we work with a range of partners to put our ideas into action. As a result, we create structural shifts in demand for gold across key market sectors. We provide insights into the international gold markets, helping people to understand the wealth preservation qualities of gold and its role in meeting the social and environmental needs of society.
The membership of the World Gold Council includes the world’s leading and most forward thinking gold mining companies.
