WGC, LBMA Leads Gold Industry in Declaration of Responsibility and Sustainability Principles

SEATTLE (Scrap Monster): The participants of gold industry have come together to sign ‘Declaration of Responsibility and Sustainability Principles’, which outlines a shared commitment to operating in a responsible and sustainable way.

The signatories to the declaration, announced at the LBMA/LPPM Global Precious Metals Conference held yesterday at Lisbon, are London Bullion Market Association (LBMA), World Gold Council (WGC), Singapore Bullion Market Association (SBMA), China Gold Association, Swiss Association of Precious Metals Producers and Traders, London Metal Exchange (LME), Dubai Multi Commodities Centre (DMCC), Indian Gold Policy Centre (IGPC), Indian Bullion  and Jewellery Association (IBJA), Indian International Bullion Exchange (IIBX) and World Jewellery Confederation (CIBJO), Artisanal Gold Council (AGC), Responsible Jewellery Council (RJC), and the Watch and Jewellery Initiative 2030.

The signatories committed to have a closer collaboration. In addition, they have also agreed to report on progress in implementing these principles. Also, they will adhere to various supply chain initiatives such as the World Gold Council’s Responsible Gold Mining Principles and the LBMA’s Responsible Gold Guidance.

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