1. Managing Director – Drijfhout & member FGZ
26 Juni 2017
GOLD
DOING THE RIGHT THING
Presented by
Chris Kuscher
Managing Director – Drijfhout & member FGZ
IMVO Juni /CJK

2. Gold attracts a higher than normal press coverage
IMVO Juni /CJK

3. Gold attracts a higher than normal press coverage
And is associated with
Human rights issues
IMVO Juni /CJK

4. Gold attracts a higher than normal press coverage
And is associated with
Human rights issues
Illegal mining
IMVO Juni /CJK

5. Gold attracts a higher than normal press coverage
And is associated with
Human rights issues
Illegal mining
Pollution
IMVO Juni /CJK

6. Gold attracts a higher than normal press coverage
And is associated with
Human rights issues
Illegal mining
Pollution
Funding war and Criminality
IMVO Juni /CJK

7. Gold attracts a higher than normal press coverage
And is associated with
Human rights issues
Illegal mining
Pollution
Funding war and Criminality
Money laundering
IMVO Juni /CJK

8. Gold attracts a higher than normal
press coverage
And is associated with
Human rights issues
Illegal mining
Pollution
Funding war and Criminality
Money laundering
Tax evasion
KPMG report to Dutch Government 2014
IMVO Juni /CJK

9. WANTING TO HAVE A POSITIVE IMPACT IS EASY. HAVING ONE IS DIFFICULT.
IMVO Juni /CJK

10. WANTING TO HAVE A POSITIVE IMPACT IS EASY. HAVING ONE IS DIFFICULT.
WHY ?
IMVO Juni /CJK

11. +19 sets of International Guidelines
IMVO Juni /CJK

12. +19 sets of International Guidelines + 9 Gold sustainability Standards
IMVO Juni /CJK

13. +19 sets of International Guidelines + 9 Gold sustainability Standards
+ Multiple NGO’s promoting Gold programs
IMVO Juni /CJK

14. +19 sets of International Guidelines + 9 Gold sustainability Standards
+ Multiple NGO’s promoting Gold programs
International legislation
IMVO Juni /CJK

15. +19 sets of International Guidelines + 9 Gold sustainability Standards
+ Multiple NGO’s promoting Gold programs
International legislation
Pending EU legislation
IMVO Juni /CJK

16. Is FairTrade Gold the answer ?
IMVO Juni /CJK

17. Is FairTrade Gold the answer ?
YES
IMVO Juni /CJK

18. Is FairTrade Gold the answer ?
YES
and NO
IMVO Juni /CJK

19. YES FairTrade addresses Human rights issues Pollution
Prevents funding of war and criminality
Has a positive impact
IMVO Juni /CJK

20. NO
13 million artisanal gold miners worldwide. Fairtrade has 2 registered mines
Does not address tax evasion or money laundering in the local market
Has limited availability
Has a higher cost associated with its “brand”
IMVO Juni /CJK

21. Annual Global requirement for gold 4.309.000 Kg ( WGC 2016)
FairTrade Certified gold 2016
± Kg ( Solidaridad)
approx 0,01% of global demand
So FairTrade is not THE answer, but should be part of the answer as it is addressing key issues
IMVO Juni /CJK

22. The correct starting point is
WHAT CAN YOU DO ?
The correct starting point is
IMVO Juni /CJK

23. IMVO Juni /CJK

24. OECD GUIDELINES
Based on 5 steps
Establish strong company management systems
Identify and assess risks in the supply chain
Design and implement a strategy to respond to identified risks *
Carry out independent 3rd party audit of refiners due diligence practices*
Report annually on supply chain due diligence
OECD GUIDELINES DO NOT DIFFERENTIATE BETWEEN LARGE AND SMALL COMPANIES
* Not for down stream companies
IMVO Juni /CJK

25. OECD GUIDELINES
Based on 5 steps
Establish strong company management systems
Identify and assess risks in the supply chain
Design and implement a strategy to respond to identified risks *
Carry out independent 3rd party audit of refiners due diligence practices*
Report annually on supply chain due diligence
OECD GUIDELINES DO NOT DIFFERENTIATE BETWEEN LARGE AND SMALL COMPANIES
* Not for down stream companies
IMVO Juni /CJK

26. THE DUTCH SOLUTION !
IMVO Juni /CJK

27. THE DUTCH SOLUTION July 2015 National Round Table on Gold
December 2015
EU Conference on sustainable global value chains
November 2015
Working groups on IMVO established
IMVO Juni /CJK

28. Internationaal Maatschappelijk Verantwoord Ondernemen
THE DUTCH SOLUTION
July 2015
National Round Table on Gold
( December 2015
EU Conference on sustainable global value chains)
November 2015
Working groups on IMVO established including companies, NGO’s and FGZ.
June 19th 2017
Internationaal Maatschappelijk Verantwoord Ondernemen
Signed in Den Haag
IMVO Juni /CJK

29. IMVO – THE GOLD COVENANT
THE DUTCH SOLUTION
IMVO – THE GOLD COVENANT
IMVO Juni /CJK

30. IMVO – THE GOLD COVENANT
THE DUTCH SOLUTION
IMVO – THE GOLD COVENANT
SIGNED BY
The Ministry of Foreign affairs, Sims Recycling, Drijfhout, IUCN, Unicef, FNV, House of Elenore, Closing the Loop, FGZ, Schone Edelmetaal, NGG, Unicef, Solidaridad, Philips, Peter Bruining, Fairphone, Lucardi, Bijou Moderne
IMVO Juni /CJK

31. IMVO – THE GOLD COVENANT
THE DUTCH SOLUTION
IMVO – THE GOLD COVENANT
Built on 3 principles
IMVO Juni /CJK

32. IMVO – THE GOLD COVENANT
THE DUTCH SOLUTION
IMVO – THE GOLD COVENANT
Built on 3 principles
KNOW
IMVO Juni /CJK

33. IMVO – THE GOLD COVENANT
THE DUTCH SOLUTION
IMVO – THE GOLD COVENANT
Built on 3 principles
KNOW
SHOW
IMVO Juni /CJK

34. IMVO – THE GOLD COVENANT
THE DUTCH SOLUTION
IMVO – THE GOLD COVENANT
Built on 3 principles
KNOW
SHOW
IMPROVE
IMVO Juni /CJK

35. IMVO – THE GOLD COVENANT
KNOW
Have a documented process to regularly ask suppliers where they get their gold from.
IMVO Juni /CJK

36. IMVO – THE GOLD COVENANT
SHOW
Have a written procedure for selecting new suppliers and monitoring existing.
Make a public statement
IMVO Juni /CJK

37. IMVO – THE GOLD COVENANT
IMPROVE
What steps can and are you taking to ensure the gold is sourced responsibly.
Do you want to continue to buy from a supplier who has not answered correctly ?
IMVO Juni /CJK

38. IMVO – THE GOLD COVENANT
WHAT DOES IT MEAN !
TO THE JEWELLIER AND SMALL MANUFACTURER
IMVO Juni /CJK

39. IMVO – THE GOLD COVENANT TO THE JEWELLIER AND SMALL MANUFACTURER
WHAT DOES IT MEAN !
TO THE JEWELLIER AND SMALL MANUFACTURER
THE ROLE OF THE FGZ
IMVO Juni /CJK

40. IMVO – THE GOLD COVENANT Assist in overseeing the agreement
The Role of the FGZ
Assist in overseeing the agreement .
IMVO Juni /CJK

41. Monitor its implementation
IMVO – THE GOLD COVENANT
The Role of the FGZ
Assist in overseeing the agreement
Monitor its implementation .
IMVO Juni /CJK

42. Provide members with a Code of Conduct regarding gold.
IMVO – THE GOLD COVENANT
The Role of the FGZ
Assist in overseeing the agreement
Monitor its implementation
Provide members with a Code of Conduct regarding gold. .
IMVO Juni /CJK

43. IMVO – THE GOLD COVENANT The Role of the FGZ Code of Conduct
Does not limit who you buy from. .
IMVO Juni /CJK

44. IMVO – THE GOLD COVENANT The Role of the FGZ Code of Conduct
Does not limit who you buy from.
Does not mean significant extra work (or cost). .
IMVO Juni /CJK

45. IMVO – THE GOLD COVENANT The Role of the FGZ Code of Conduct
Does not limit who you buy from.
Does not mean significant extra work (or cost).
Does have a positive impact. .
IMVO Juni /CJK

46. IMVO – THE GOLD COVENANT The Role of the FGZ Code of Conduct
Does not limit who you buy from.
Does not mean significant extra work (or cost).
Does have a positive impact.
Does mean you can demonstrate you act responsibly .
IMVO Juni /CJK

47. IMVO – THE GOLD COVENANT The Role of the FGZ Code of Conduct
Does not limit who you buy from.
Does not mean significant extra work (or cost).
Does have a positive impact.
Does mean you can demonstrate you act responsibly
IS VOULINTARY .
IMVO Juni /CJK

48. IMVO – THE GOLD COVENANT
The Role of the FGZ
Code of Conduct .
IMVO Juni /CJK

49. IMVO – THE GOLD COVENANT The Role of the FGZ Code of Conduct
What questions to ask current and new suppliers
IMVO Juni /CJK

50. IMVO – THE GOLD COVENANT The Role of the FGZ Code of Conduct
What questions to ask current and new suppliers
How to record answers and provide evidence
IMVO Juni /CJK

51. IMVO – THE GOLD COVENANT The Role of the FGZ Code of Conduct
What questions to ask current and new suppliers
How to record answers and provide evidence
How to measure how well you are doing
IMVO Juni /CJK

52. IMVO – THE GOLD COVENANT The Role of the FGZ Code of Conduct
What questions to ask current and new suppliers
How to record answers and provide evidence
How to measure how well you are doing
How to educate your staff
IMVO Juni /CJK

53. IMVO – THE GOLD COVENANT The Role of the FGZ Code of Conduct
What questions to ask current and new suppliers
How to record answers and provide evidence
How to measure how well you are doing
How to educate your staff
What to inform customers and how
IMVO Juni /CJK

54. IMVO – THE GOLD COVENANT
The Role of the FGZ Code of Conduct
BY VOULINTARILY SIGNING THE CODE OF CONDUCT AND APPLYING IT* , YOU WILL BE MEETING THE REQUIREMENTS OF THE IMVO- GOLD AND ALSO OECD GUIDELINES.
* Question if mandatory for new members ?
IMVO Juni /CJK

55. THANK YOU
IMVO Juni /CJK

56. IMVO Juni /CJK