Fairtrade International has launched a public consultation on its Standard for Gold and Associated Precious Metals for Artisanal and Small-scale Mining to explore how Fairtrade can best tackle new regulation and legislation in the gold industry.
The aim is for Fairtrade to offer a small, but scalable solution to companies looking to source gold from artisanal and small-scale miners that can demonstrate conformance with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
The consultation will run from 15 September 2014 to 17 October 2014 and the revisions to the Standard will be published in December 2014.
The process will provide small scale miners and the wider extractives and jewellery industry a chance to input their views on what options should be included in the document.
Greg Valerio, Fairtrade International’s Gold and Precious Metals Programme Coordinator said: “This process will ensure that the Fairtrade Standard for Gold, will become even stronger, deeper and more aligned to international conflict-free sourcing protocols, the outcome of which will create more positive opportunities for artisanal and small scale miners and their communities globally and give gold buyers and the jewellery industry the reassurances it needs when it comes to conflict free sourcing regulations.”
“This is a significant development for Fairtrade gold and will further strengthen our offering, enabling producers in situations of political and economic turbulence to provide buyers with the information and assurances they need to maintain their commercial relationships.
“It is vital that we are nimble and able to adapt Fairtrade Standard to this evolving and complex legal context so that we can enable much-needed systemic change in the gold industry”.
The consultation covers a number of topics as Fairtrade International aims to develop a standard that is closely adapted to the specific context and needs of small-scale miners.
Of specific note are the following areas:
The project will be carried out according to the Standard Operating Procedures for the development of Fairtrade Standards. More information on these procedures can be found at www.fairtrade.net
Visit www.fairgold.org for further information about Fairtrade gold.
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For more information, interviews, footage and images, please contact Martine Parry, Media and PR Manager in the Fairtrade Foundation press office on 020 7440 7695 or at martine.parry @fairtrade.org.uk
Notes to Editors