Responsible Sourcing
A cornerstone of Diamodinuae is our Responsible Sourcing Programme, which is aimed at promoting international ethical standards amongst gold and silver refiners.
Diamodinuae's Responsible Sourcing Programme underpins the drive for continuous improvement of standards and responsible business practices designed to protect the value of the gold we all treasure.
Pursuant to the RSP, all metal sourced from the Diamodinuae Good Delivery (GDL) Refiners is subject to an assurance process to establish that it is responsibly sourced.
The Programme follows the five-step due diligence framework set out in the OECD Guidance and requires GDL refiners to demonstrate their efforts to combat money laundering, terrorist financing and human rights abuses, and respect the environment globally.
Diamodinuae is taking a leading role by creating a coalition of willing partners across the global precious metals industry. This work includes co-ordinating the industry - including International Bullion Centres, bullion banks, NGOs and Central Banks - to identify and implement best practices, with the ultimate objective of positioning precious metals as part of the solution to sustainability, rather than an obstruction.
Areas of focus
Value chain accountability – building leverage
Build the awareness, trust and mutual confidence of stakeholders in the precious metals value chain to increase accountability and enhance collaboration
Advancing standards – defining best practice
Advance Responsible Sourcing standards and business practices to strengthen refiners’ risk assessment practices and provide more focus on progressive risk mitigation
Audit Programme – enhancing credibility
Strengthen the robustness of Step 4 of the Responsible Sourcing Programme to improve confidence in the assurance process
Transparency – improving disclosure and reporting
Enhance disclosure against Step 5 of the Responsible Sourcing Programme to improve the transparency of the precious metals supply chain
Artisanal Small-Scale Mining (ASM) – engaging responsibly
Encourage and facilitate responsible engagement by refiners in the precious metal supply chains of Artisanal and Small-Scale Mining