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Sustainable Supply Chains Forum Responsible Gold
According to the World Gold Council, global gold demand was estimated at roughly 4,000 tonnes in 2021. About two thirds of the gold production originates from primary extraction in mines. Between 10 and 20 per cent come from artisanal and small-scale mining (ASM) and up to one third from recycled gold. Gold is primarily used in the jewellery sector (50%) and capital investment sector (30%). Central banks store about 11 per cent of the global annual gold production. Just under 10 per cent of the global gold is processed in other industries, such as the electronics or dental industry (average value of the years 2010-2021).
In Germany, there is still little awareness of the social and ecological risks that can occur along the gold supply chain. In contrast to seals that certify the fair trade of products from the textile industry or agriculture, “fair trade” jewellery is hardly known. Jewellery made from responsibly sourced gold is currently a niche market in Germany.
Aims
The Forum Responsible Gold aims at providing information and raising awareness in Germany about the social and environmental challenges of gold mining. Moreover, the Forum aspires to increase the market share of responsible gold. The Forum ultimately contributes to improving the living and working conditions for people working in gold mines, as well as to strengthening environmental protection in gold production and to building responsible gold supply chains.
The Forum defines responsible gold as gold from small-scale mining and industrial production that was sourced in compliance with ecological and social standards (e.g. no child labour, fair wages, minimum prices). The Forum also defines responsible gold as gold that was processed from end-of-use material (such as e-waste) through environmentally and socially responsible recycling processes.
Activities
The Forum Responsible Gold organises various activities. The event series “Responsible Gold” takes place twice a year and offers participants a platform to exchange information and experiences. Past workshops focused on topics such as illegal gold flows, due diligence in gold supply chains, certifications and environmental issues related to gold.
On behalf of the Forum, the Centre for Global Citizenship Education EPIZ e.V. publishes teaching materials with the title “Dangerous Gold - Gold from Small-Scale Mining”. From 2024 onwards, vocational schools can use the teaching materials to familiarise students in relevant vocations with sustainability issues related to gold extraction and the gold supply chain.
Contact
The Sector Programme “Extractives and Development” at the Federal Institute for Geosciences and Natural Resources (BGR) coordinates the Forum.
If you are interested in participating or would like more information, please contact Dr. Alexandra Bechtum (External link).