• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Gold coin stacks decreasing, city skyline background. Ethical gold sourcing. - Supply Chain News

Switzerland Leads in Ethical Gold Sourcing Initiatives

10/20/2023
Intermodal Europe 2025

Intermodal Europe 2025 – Shaping the Future of Intermodal Transport

09/16/2025
WAREMAT 2025 – Warehousing, Material Handling & Supply Chain Expo (Hyderabad)

WAREMAT 2025 – Warehousing, Material Handling & Supply Chain Expo

09/16/2025
Professional Logistics Network Inc. Nominated for Go Global Awards 2025

Professional Logistics Network Inc. Elevates Global Freight Forwarding with Next-Gen Digital Alliance

09/15/2025
Intellection Software & Technologies Pvt. Ltd. Nominated for Go Global Awards 2025 in London

Intellection Software & Technologies Pvt. Ltd. Driving AI-Powered Innovation Across the Globe

09/12/2025
APEX Miami 2025: Showcasing a Prestigious Lineup of Global Exhibitors

APEX Miami 2025: Showcasing a Prestigious Lineup of Global Exhibitors

09/11/2025
Supply Chain & Logistics Summit 2025

Supply Chain & Logistics Summit 2025

09/11/2025
Windponics India Pvt Ltd Nominated for Go Global Awards 2025 in London

Windponics India Pvt Ltd Nominated for Go Global Awards 2025 in London

09/10/2025
Paramount Consortium of Companies INC. Nominated for Go Global Awards 2025 in London

Paramount Consortium of Companies INC. Nominated for Go Global Awards 2025 in London

09/10/2025
M/S Swiss Apparels (Pvt) Ltd. Nominated for Go Global Awards 2025 in London

M/S Swiss Apparels (Pvt) Ltd. Nominated for Go Global Awards 2025 in London

09/10/2025
Oil & Gas Annual Conference & Expo 2025

Fueling the Future: Oil & Gas Annual Conference & Expo 2025

09/10/2025
ARC Fintube Technologies Private Limited Nominated for Go Global Awards 2025 in London

ARC Fintube Technologies Private Limited Nominated for Go Global Awards 2025 in London

09/10/2025
CPO Summit 2025 Set for California

CPO Summit 2025 Set for California

09/11/2025
supplychainreport
Tuesday, September 16, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Switzerland Leads in Ethical Gold Sourcing Initiatives

by Arvie I
10/20/2023
in Ethical Sourcing, Sustainability & Ethics

Switzerland, the world’s largest international transit hub for gold, is taking significant strides in promoting ethical gold sourcing practices. The Swiss Better Gold (SBG) Association, established in 2013, exemplifies these efforts by supporting ethical and responsible practices in Artisanal and Small-scale Gold Mining (ASGM).

With Switzerland hosting four of the seven biggest precious metal refineries globally, its role in the gold supply chain is pivotal. In 2021, the country exported 1,560 tonnes of gold. Recognizing the increasing demand for ethically sourced gold from consumers and stakeholders worldwide, Switzerland has been at the forefront of encouraging responsible gold mining practices.

YOU MAY ALSO LIKE

Revolutionize the Future of Transport at the Evolve Future Mobility Show 2025!

Hachiko Efficiency Services Nominated for Go Global Awards 2025

The SBG Association, comprising members such as Cartier, Chopard, and Metalor, focuses on sourcing gold from accredited ASG mines. Since its inception, the Association has imported over 13 tons of ASM gold, mainly from Peru, Colombia, and Bolivia.

The State Secretariat for Economic Affairs of Switzerland (SECO) has played a significant role in supporting SBG through a public-private partnership. This collaboration has led to an investment of 18 million CHF from 2013 to 2025, aimed at enhancing the welfare of ASGM.

Insights from Philippe Fornier, Honorary Board Member of SBG

Fornier, who has been part of SBG since its launch, shared insights on the motivation behind SBG’s formation and its journey. The inception of SBG was triggered by challenges in finding ethically sourced gold in Switzerland’s supply chain. Fornier recounted how discussions with Swiss stakeholders led to the creation of SBG to address these challenges, focusing initially on artisanal mines in Peru.

SECO’s contribution of 6 million CHF in the initial three years facilitated improvements in the social and environmental practices of selected South American mines. Fornier emphasized the importance of cooperation with local governments and the mines’ adaptability.

The SBG supports small gold mines in South America by improving mining operations to meet ethical sourcing criteria, providing market access, and co-investing in projects enhancing social and environmental conditions. The additional cost of $1 per gram of gold sourced is reinvested in miners’ welfare and mining processes.

To ensure traceability, SBG maintains a short supply chain, conducts annual audits, and in some cases, assists mines in achieving Responsible Jewellery Council certification. This approach has benefited approximately 6,000 miners and indirectly affected 62,000 people in Bolivia, Colombia, and Peru.

Addressing a recent incident at the La Esperanza mine in Peru, Fornier stated that SBG’s focus was on improving mining conditions and formalizing artisanal producers. The ongoing investigation into the accident will prompt a review of processes. He stressed the importance of continuing support for artisanal miners and highlighted the shared responsibility of buyers and consumers in the gold market.

Catch the latest in supply chain news on The Supply Chain Report. Visit ADAMftd.com for free international trade tools.

#SwitzerlandGold #EthicalGoldSourcing #SBGAssociation #ArtisanalGoldMining #ASGM #Chopard #Cartier #Metalor #SwissGoldRefineries #SECO #ResponsibleGold #GoldSupplyChain #SustainableMining #GoldTraceability #PeruGold #BoliviaGold #ColombiaGold #GoldMinersWelfare #RJCcertification #FairGoldTrade #ResponsibleGoldMining

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.