& Technology Summit
Virtual Summit Webinars
Responsible Sourcing Building Leverage Across the Value Chain
Watch our panel from across the supply chain reflect on accountability, with a focus on who has the influence and leverage to effect change to achieve positive outcomes.
Our panelists provide an overview of the value chain, the role each actor should play and their accountabilities, before discussing meaningful achievements seen through LBMA’s Responsible Sourcing Programme plus any challenges encountered along the way.
US Department of State on Responsible Sourcing
Pamela Fierst-Walsh, Senior Advisor Conflict & Critical Minerals, US Department of State
Pamela provides a US perspective on responsible sourcing for gold in the time of COVID-19. The Dodd Frank regime, international sanctions and the impact of COVID-19 on the ASM sector are also on the agenda.
Pamela has focused on critical foreign policy and national security issues throughout her career, including counter-terrorism, atrocities prevention, and humanitarian assistance. Pamela appears in the Top 100 Corporate Social Responsibility Influencers in 2019, according to data management company Assent Compliance. She played a key role in shaping the 2019 U.S. Federal Strategy on Critical Minerals to improve U.S. competitiveness for clean energy and technological advancement.
Refineries as the 'Gate Keepers'
Dr Mark Pieth, Professor of Criminal Law and Criminology at the University of Basel
Dr Mark Pieth, a professor of criminal law and a specialist in international regulation is going to give an outsider’s view on some key issues that gold refineries are currently facing. He will namely address the current tendency of de-risking amongst refineries, a problematic move towards informal boycotting of ASM or certain world regions. He will go on to ask what due diligence efforts can reasonably be expected of refineries and what would be the role of industry organizations.
Finally he will address the challenges facing auditing and reporting, and remind that selfregulation depends essentially on credible auditing.
Conflict and High-Risk Gold
Sasha Lezhnev is Deputy Director of Policy at the Sentry
Sasha Lezhnev provides context to the issue of conflict and high-risk gold and agrees with Dr Pieth that de-risking is not an option. He highlights the many ways in which conflict gold can be easily smuggled and stresses that more needs to be done by the industry to focus on the red flags in responsible sourcing when conducting due diligence reports, and provides five recommendations as to how this can be done.
Sasha stresses the fact that, in order for responsible sourcing to actually work, there needs to be a market for responsibly sourced gold.
Responsible Sourcing Developments
Sakhila Mirza, LBMA Executive Director & General Counsel
Sakhila provides an update on LBMA's future vision and strategy for Responsible Sourcing, including the challenge of the supply chain which is one of the key risks facing the market.
Sakhila will also reflect on Dr Mark Pieth and Sasha Lezhnev recommendations for change in the context of LBMA's strategy and vision for the future.