Editor’s Note
This article highlights the acceleration of transparency requirements for gold refiners, moving the implementation deadline from 2027 to 2026. The move, supported by industry stakeholders, underscores a commitment to exceeding basic compliance and setting higher standards for global market transparency.
We accelerated transparency requirements for Refiners, moving implementation from 2027 to 2026, with strong support from LBMA-accredited Refiners and other gold supply-chain stakeholders. This is a testament to the industry’s recognition of our commitment to transparency globally, going beyond compliance to raise the bar for market participants.
Furthermore, this year marks a significant milestone for LBMA and our Gold Bar Integrity (GBI) database – it is now live. A solution central to LBMA’s Responsible Sourcing infrastructure, the rollout of the GBI database has been met with remarkable engagement: 98% of Refiners have already onboarded to the platform, and we will achieve 100% by the end of 2025.
Our Responsible Sourcing Programme, a benchmark for the industry, continues to evolve. It has been welcomed by the global precious metals industry and is recognised as a guide for building trust and transparency across a complex supply chain. The Programme is shaped by market expectations and demands, rigorous stakeholder engagement, and the principle of continuous improvement, and is closely aligned with the OECD and EU guidelines.
Find out more about how LBMA’s programme enforcement reinforces industry trust and demonstrates our proactive approach to maintaining the highest standards set out in the Responsible Gold and Silver Guidance and the LBMA Rules for Members.
Read the full Report to discover more on LBMA’s oversight and governance, the ASM initiative, value chain engagement, and how the integrity of the precious metals market depends on shared responsibility. Plus, Refiner performance, programme enforcement case studies and Country of Origin data.
You can read more detailed analysis on LBMA’s Country of Origin Data, contained within the Sustainability and Responsible Sourcing Report, in the independently-researched Metals Focus Report.