The Conflict-Free Gold Standard: Building an industry coalition to address the challenges of conflict gold

Sectors: Gold production

Cranfield School of Management and the Corporate Responsibility Initiative at Harvard Kennedy School launched a joint report examining the creation of the Conflict-Free Gold Standard by the World Gold Council. The report provides an important case study for Corporate Responsibility Coalitions and trade associations looking to develop common standards and self-regulatory mechanisms.

The Conflict-Free Gold Standard provides a common approach through which gold mining companies can provide assurance that their gold has been extracted in a manner that does not cause, support or benefit unlawful armed conflict.

The report’s findings include the need for Corporate Responsibility Coalitions and trade associations to demonstrate:

  • Top-level and sustained commitment by individual business leaders and their companies.
  • Widespread stakeholder engagement and meaningful consultation.
  • Identification and inclusion of advice from credible, third-party technical experts.
  • Effective ecosystem-mapping and co-ordination with other relevant initiatives.
  • Credible, independent third-party convenors to facilitate stakeholder dialogue.