Responsible Gold Sourcing in Ghana
Responsible Gold Sourcing Guidance
Supplier Due Diligence and KYC Guidance
Responsible Gold Sourcing Guidance
CSGS commits to ensure that all sources of gold, in any form, processed through our operations is ‘Responsible Gold’ and complies with the standards set forth by the London Bullion Market Association (LBMA) and Organization for Economic Co-operation and Development (OECD). The ultimate goal of this policy is to combat systemic abuses of human rights, avoid contributing to conflict, comply with high standards of anti-money laundering and negate terrorist financing practices.
Supplier Due Diligence and KYC Guidance
This Supplier Due Diligence and Know-Your-Customer Guidance is consistent with the requirements of the OECD Due Diligence Guidance. It is designed to ensure that risk-based due diligence is undertaken for all sourcing activities to identify, mitigate and address the risks of sourcing from conflict-affected and high-risk areas.
The Guidance is aligned with the Declarations outlined in CEDAR GENERAL SERVICES LTD’s Responsible Gold Sourcing Policy Statement (CSGS-RGSPS-06.2024).
Mission Statement
CEDAR SEAL GENERAL SERVICES LTD (CSGS) aims to lead in responsible gold sourcing by ensuring ethical practices, transparency, and compliance with international standards, ultimately supporting sustainable development and human rights within the gold supply chain.
Values Statement
At CEDAR SEAL GENERAL SERVICES LTD (CSGS), we uphold integrity, sustainability, and excellence as our core values. We are dedicated to fostering ethical relationships, promoting transparency in our operations, and ensuring a positive impact on the communities involved in our gold sourcing activities.
Frequently Asked Questions
What is responsible gold sourcing?
Responsible gold sourcing refers to the ethical acquisition of gold from licensed mines that comply with international standards. At CSGS, we ensure our gold sourcing follows guidelines set by the LBMA and OECD, aiming to prevent human rights abuses and promote sustainability.
How does CSGS ensure compliance?
CSGS is a GoldBod-approved Licensed Gold Buyer, adhering to strict regulations under the Ghana Gold Board Act. We work only with licensed ASM mines and possess comprehensive due diligence procedures to maintain compliance with national and international standards.
What are your ethical sourcing practices?
Our ethical sourcing practices include partnering solely with licensed ASM mines and GoldBod-approved buyers, ensuring a mercury-free and responsible sourcing process that aligns with our commitment to integrity, transparency, and compliance with global ethical standards.
