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Glossary

World Gold Council Responsible Gold Mining Principles

World Gold Council (WGC)

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Overview

The World Gold Council (WGC) is a membership body that develops standards, promotes demand for gold and supports the gold market. The WGC’s Responsible Gold Mining Principles establish a set of expectations for consumers, investors and the downstream gold supply chain for what constitutes responsible gold mining. These Principles recognise and consolidate existing frameworks, including the UN Guiding Principles on Business and Human Rights, the OECD Due Diligence Guidance for Responsible Business Conduct, the principles of the Extractive Industries Transparency Initiative and the International Council on Mining and Metals’ (ICMM) Performance Expectations.

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About

Name
WGC Responsible Gold Mining Principles
Owner(s)
World Gold Council (WGC)
First Published
2019
Licensing Terms
Open Access
Number of Participants
10-50
Applicable Size of Entity
Agnostic/All

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
Operating standard – A standard that sets expectations for the sustainability performance of a standard-holding organisation’s own operations
Claim Type
Business practice performance

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