Gold mining and its associated activities can have a transformative effect on socio-economic development in countries where gold is found. When produced in conformance to high social, environmental and safety standards, gold provides employment opportunities, improved infrastructure, and tax revenues.
Maximizing the development potential of mining requires continuous attention and discussion. Transparency is critical – both around the operational activities and the economics of gold mining.
Respect for local societies and human rights is of particular importance for responsible gold mining companies. Many companies undertake their own social responsibility programs, as well as sign up to international standards such as the Voluntary Principles on Security and Human Rights.
Responsible gold mining also means addressing concerns that resources could fund unlawful activity, particularly when operating in areas affected by armed conflicts, such as civil war or militia activity.
In 2019, we launched the Responsible Gold Mining Principles (RGMPs), a new framework that set out clear expectations for consumers, investors and the downstream gold supply chain as to what constitutes responsible gold mining.
Working with our members, the world’s leading gold mining companies, and collaborating with key industry stakeholders, the World Gold Council has set out the principles that it believes address key environmental, social and governance issues for the gold mining sector.