In June 2013, DMCC appointed SGS London consultants to conduct an expert report comparing DMCC’s Practical Guidance for market participants in the Gold and Precious Metals’ industry (“the DMCC guidance”) with other similar internationally accepted guidelines and industry standards such as those of the Organisation for Economic Co-operation and Development (“the OECD”). The report, published in August 2013, concludes that the DMCC’s Responsible Sourcing Guidance and Review Protocol is aligned with the OECD standards and other international benchmarks.
Download the Comparative Analysis of the DMCC Responsible Sourcing Guidance and other Relevant Initiatives report – June 2013
Download the Comparative Analysis of the DMCC Responsible Sourcing Guidance and other Relevant Initiatives report – August 2014
Independent Governance Committee for Responsible Sourcing
The Independent Governance Committee for Responsible Sourcing was established in January 2015. It provides an independent oversight role on assessments performed pursuant to DMCC's Review Protocol.
The Committee's objectives include:
- To ensure consistency, transparency and robustness of the implementation of the Guidance for responsible sourcing of gold and related review process in accordance with the Review Protocol
- To uphold the integrity of the review process for DMCC’s responsible sourcing programme
- To perform the annual review of the governance framework for the programme
- To ensure continuous improvement of the programme
The Committee is composed of industry experts and key stakeholders representing different market segments and geographies.
Committee members are:
- Effie Marinos, Sustainability Manager, Consumer Testing Services, SGS London (Committee Chair)
- Tawhid Abdulla, Chairman, Dubai Gold and Jewellery Group
- Paul Motmans, CEO, MineralCare
- Pankaj Parekh, Vice-Chairman, Gems and Jewellery Export Promotion Council of India (GJEPC)
- Gerhard Schubert, Precious Metals Expert