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Company Directory - World Gold Council

Company Details - World Gold Council

World Gold Council Logo

World Gold Council

Website

London, United Kingdom

The World Gold Council is an organization that represents the global gold industry and its stakeholders. It focuses on driving demand for gold, supporting the market and facilitating innovative new applications of gold across various sectors. The Council also provides research, market insights, and initiates programs that enhance the sustainability of the gold market.

CCI Score

CCI Score: World Gold Council

32.67

-2.94%

Latest Event

WGC Report Exposes Exploitation in ASGM Supply Chain

The World Gold Council, in partnership with former UK Deputy Prime Minister Dominic Raab, released the 'Silence is Golden' report detailing systemic threats within artisanal and small‐scale gold mining (ASGM). The report highlights how criminal gangs, armed groups, and corrupt officials exploit ASGM operations—responsible for a significant portion of global gold supply and employment—and calls for coordinated international action to enforce legal standards, disrupt illicit trade, and protect marginalized mining communities.

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DISSENTER

World Gold Council is currently rated as a Dissenter.

+25 to +44 CCI Score
These companies are vocal in their opposition to authoritarian regimes. They publicly criticize oppressive policies and engage in advocacy efforts to promote accountability and transparency, even if their actions aren’t as extensive as those of Moral Leaders.

Latest Events

  • WGC Report Exposes Exploitation in ASGM Supply Chain Logo
    NOV
    18
    2024

    The World Gold Council, in partnership with former UK Deputy Prime Minister Dominic Raab, released the 'Silence is Golden' report detailing systemic threats within artisanal and small‐scale gold mining (ASGM). The report highlights how criminal gangs, armed groups, and corrupt officials exploit ASGM operations—responsible for a significant portion of global gold supply and employment—and calls for coordinated international action to enforce legal standards, disrupt illicit trade, and protect marginalized mining communities.

  • +60

    Executive Political Engagement

    April 18

    The involvement of former UK Deputy PM Dominic Raab and the call for coordinated international government action demonstrate proactive public and political engagement by the World Gold Council. This approach, aimed at disrupting the illicit financial flows that sustain criminal and authoritarian activities, is evaluated positively from an anti-fascist perspective.

    World Gold Council report reveals exploitation threat in ASGM

  • +70

    Labor Relations and Human Rights Practices

    April 18

    By highlighting the exploitation of vulnerable workers in the ASGM industry and urging reforms to foster transparency and safe working conditions, the report promotes better labor relations and human rights practices. This initiative aligns with an anti-fascist stance by protecting marginalized communities from exploitation.

    World Gold Council report reveals exploitation threat in ASGM

  • WGC Partners on Report Exposing Exploitation in ASGM Logo
    NOV
    18
    2024

    On November 18, 2024, the World Gold Council, in partnership with the Rt. Hon Dominic Raab, released the 'Silence is Golden' report which exposes the exploitation of artisanal gold miners and its links to funding war, terrorism, and organized crime. The report calls for coordinated international action to integrate responsible artisanal mining into the legal supply chain.

  • +60

    Executive Political Engagement

    April 18

    CEO David Tait's call to action in the report demonstrates proactive executive political engagement, urging governments and international agencies to address the illicit flows that finance conflicts and extremist groups. This public stance aligns with anti-authoritarian values by seeking to disrupt systems that enable war, terrorism, and organized crime.

    New report uncovers scale of exploitation of artisanal gold miners to fund war, terrorism and organised crime

  • +80

    Supply Chain Ethics

    April 18

    The 'Silence is Golden' report critically examines systemic issues within the artisanal and small-scale gold mining sector, highlighting labor exploitation and supply chain opacity. By exposing these challenges and calling for enhanced transparency and regulatory measures, the World Gold Council is taking steps toward ethical business practices and improved human rights standards.

    New report uncovers scale of exploitation of artisanal gold miners to fund war, terrorism and organised crime

  • World Gold Council 2023 Lobbying Expenditure Logo
    DEC
    31
    2023

    The World Gold Council spent $277,000 on lobbying in 2023, as reported by OpenSecrets. This spending illustrates the Council's active engagement in political lobbying, which can be viewed as exerting corporate influence over policy-making processes.

  • -40

    Political Contributions and Lobbying Efforts

    April 18

    The reported $277,000 expenditure on lobbying points to a deliberate attempt to influence political decisions in favor of the gold industry. From an anti-fascist, progressive perspective, such corporate lobbying is concerning as it may contribute to oligarchic influence and policy distortion, which undermines democratic accountability.

    World Gold Council Lobbying Profile

  • World Gold Council Responsible Gold Mining Principles Launched Logo
    OCT
    01
    2023

    The World Gold Council has released its 10 Responsible Gold Mining Principles to promote ethical conduct, safeguard labor rights and human rights, and enforce rigorous supply chain accountability in the gold mining industry. The initiative, backed by commitments to international sustainable development goals and independent external assurance, aims to reinforce trust among investors, consumers, and supply chain stakeholders.

  • +75

    Labor Relations and Human Rights Practices

    April 18

    The Responsible Gold Mining Principles emphasize strong labor practices and human rights protections, including the prioritization of workforce safety and non-discrimination. By establishing clear standards for ethical labor relations, the initiative supports progressive values and worker rights which are key components of anti-fascist efforts.

    World Gold Council Releases The 10 Responsible Gold Mining Principles : Startup Overseas

  • +75

    Supply Chain Ethics

    April 18

    The initiative requires gold mining companies to adhere to strict supply chain ethics by mandating that suppliers conduct their business responsibly and ethically. This commitment to transparency and accountability in the supply chain diminishes the likelihood of exploitation and supports broader anti-authoritarian and progressive measures.

    World Gold Council Releases The 10 Responsible Gold Mining Principles : Startup Overseas

  • Enhanced Supply Chain Transparency Commitment Logo
    SEP
    18
    2023

    On September 18, 2023, the World Gold Council announced that all 33 of its members with operating mines have committed to publishing detailed supply chain data, including the names and locations of refining partners, and to join the Gold Bar Integrity platform, marking a progressive step towards greater supply chain transparency and accountability.

  • +40

    Supply Chain Ethics

    April 18

    By committing to publish detailed information about refining partners and joining a digital ledger platform (Gold Bar Integrity), the organization promotes transparency and accountability in its supply chain. This move not only enhances responsible sourcing but also supports broader progressive values ensuring that supply chain practices are robust against exploitation and collusion with authoritarian structures.

    World Gold Council members commit to enhanced supply-chain transparency

  • World Gold Council Report on Illegal Gold Smuggling Logo
    JAN
    01
    2014

    A 2014 report by the World Gold Council documented vast amounts of gold being smuggled from Africa, shedding light on the scale of illegal mining and its associated criminal networks. The report, mentioned in a recent investigative article on South Africa’s illicit mining operations, provides important research data that can help drive calls for tighter regulation and accountability in the gold industry.

  • Draft of Conflict-Free Gold Standard Released Logo
    JUN
    30
    2012

    The World Gold Council has released an Exposure Draft of its Conflict-Free Gold Standard, aiming to ensure that gold production does not fund armed conflicts, finance armed groups, or contribute to human rights abuses. The draft, developed in collaboration with its members and reviewed by a range of stakeholders including NGOs and governments, invites further input by 30th June 2012.

  • +80

    Supply Chain Ethics

    April 18

    By unveiling its Conflict-Free Gold Standard, the World Gold Council is taking a proactive step to ensure that gold production is aligned with ethical supply chain practices and does not contribute to armed conflict or human rights abuses. This initiative enhances transparency and accountability in sourcing, supporting broader efforts to combat the conditions that can foster authoritarian practices.

    World Gold Council unveils latest draft of Conflict-Free Gold Standard

Industries

541611
Administrative Management and General Management Consulting Services
99999
All Other Miscellaneous Services
212221
Gold Ore Mining