London Bullion Markets Association
What is the LBMA?
The LBMA stands for the London Bullion Market Association. It is the international trade association that represents the global over-the-counter (OTC) market for precious metals, primarily gold and silver, and also platinum and palladium.
One of the key roles of LBMA is:
- Responsible Sourcing
- LBMA runs the Responsible Gold and Silver Guidance, ensuring that gold is sourced ethically and does not fund conflict or human rights abuses.
Benefits of Complying with the Responsible Gold and Silver Guidance
Complying with the LBMA Responsible Gold and Silver Guidance offers several important benefits for refiners, traders, and the wider supply chain.
Benefits of Certification
Credibility and Trust
- Independent third-party audits validate that your sourcing practices are ethical and transparent.
- Builds confidence among customers, investors, and regulators.
Market Access
- Assurance is required to remain on the LBMA Good Delivery List, which is essential for global bullion trading.
- Many financial institutions and exchanges only work with LBMA-assured refiners.
Risk Reduction
- Reduces exposure to legal and reputational risk
Regulatory Compliance
- Aligns with international standards such as:
- OECD Due Diligence Guidance
- UN Guiding Principles
- Simplifies compliance with global regulations.
ESG and Sustainability Credentials
- Demonstrates commitment to responsible sourcing and sustainability.
- Enhances your ESG profile, which is increasingly important for investors.
Competitive Advantage
- Positions your company as a trusted and responsible player in the global bullion market.
- Can attract new customers and institutional investors.
Our Services
Certification of your Gold and Silver supply chains against the Responsible Gold and/or Silver Guidance to ISAE 3000.