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Al Etihad Gold passes Responsible Sourcing Audit

Al Etihad Gold passes Responsible Sourcing Audit

Al Etihad Gold has engaged Bureau Veritas to conduct an Independent Reasonable Assurance on its compliance with the DMCC Practical Guidance for market participants in the gold and precious metals industry. The company is proud to announce that it successfully passed the responsible sourcing audit for the period of 16 September 2013 to 15 September 2014.

The DMCC 5-step guidance framework is based on the OECD's Supplement of Gold for conducting due diligence for responsible sourcing of gold from conflict affected and/or high risk areas (the OECD Guidance) and was developed by DMCC in consultation with the OECD, DMCC's Dubai Gold Advisory Group and precious metals participant in global market. The 5 steps are: Establishing robust company supply chain management; Identifying and assessing the risks in the supply chain; developing and implementing  a risk mitigation / control plan; carrying out independent third-party audits of gold and precious metals company's due diligence practices; and reporting annually on responsible supply chain due diligence.

Bureau Veritas is an independent professional services company that specializes in Quality, Health, Safety, Social and Environmental management with almost 180 years history in providing independent assurance services.

Al Etihad Gold is committed to improve and will continue carrying out business observing highest ethical standards and international best practices.

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