SUSTAINABILITY: New Standards for Precious Metals
a speech by Filippo Finocchi
Title: Our Common Future – Brundtland Report
Author: World Commission on Environment and Development
Year: 1987
For the first time, the report identifies Sustainability as:
The condition of a development capable of “ensuring the satisfaction of the needs of the present generation without compromising the possibility of future generations to realize their own”
Precious Metals
Supply and Demand: Gold
Supply and Demand: Silver
Supply and Demand: Platinum
Supply and Demand: Palladium
Supply and Demand: Rhodium
Supply Sources:
Mining
Refining
Grandfathered
Kinf of Mines
Open Pit Mine
Underground Mine
Artisanal Mine
Recycled Sources from Refining
Industrial Scraps
Jewelry Scraps
Disinvestments
Central Bank Sales
Electronic Scraps
Rules and Associations
Responsible Jewellery Council
Individual provisions of the COP
Overview of the RJC CoC Standard
Sustainability on Precious Metals
PROVENANCE CLAIM
A documented claim made through the use of descriptions or symbols, relating to Precious Metals and specifically relate to their:
Origin – Geographical origin of materials, for example country, region, mine or corporate ownership of the Mining Facility/ies;
Source – Type of source, for example recycled, mined, artisanally mined, or date of production;
Practices – Specific practices applied in the supply chain relevant to the Code of Practices, including but not limited to, standards applicable to extraction, processing or manufacturing, conflict-free status, or due diligence towards sources.
Claims supported by evidence to avoid:
- Greenwashing
- Misleads consumers
- Unfair to competitors who make legitimate efforts
All precious metals used by Legor Group S.p.A. are 100% RJC CoC compliant and 100% from recycled sources (Au, Ag, Pt, Pd, Rh)