Glossary
WGC Conflict-Free Gold Standard
World Gold Council (WGC)
Overview
The World Gold Council is a market development organisation for the gold industry. It’s Conflict-Free Gold Standard provides an assurance mechanism for gold producers that gold extraction has not caused, supported or benefitted from unlawful armed conflict, nor contributed to breaches of international humanitarian law or serious abuses of human rights.
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About
Name
WGC Conflict-Free Gold Standard
Owner(s)
World Gold Council (WGC)
First Published
2012
Licensing Terms
Open Access
Number of Participants
10-50
Applicable Size of Entity
Large
Governance
Scheme Holder Type
Industry Organisation – An organisation, association or membership representing and with a mandate for improving the services provided by an industry, its public standing, and including the industry’s sustainability performance.
Core Focus
Due diligence standard – A standard that sets expectations for a standard-holing organisation’s supply chain or business partner due diligence activities (the standard mandates the identification or mitigation of ESG risks).
Claim Type
Business practice performance