Gold: Brazil

(asked on 2nd November 2021) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what checks and safeguards are in place to ensure that UK gold imports from Brazil are (a) environmental sustainable and (b) free from human exploitation of indigenous people and their communities.


Answered by
Ranil Jayawardena Portrait
Ranil Jayawardena
This question was answered on 8th November 2021

London is the global hub for the gold trade through the London Bullion Market Association (LBMA). The LBMA has 146 members in twenty countries, including in Brazil.

All refineries on the LBMA’s ‘Good Delivery List’ are required to submit annual reports; they must demonstrate their efforts to combat violations of rights and responsibilities, and to respect the environment, in line with OECD guidance.

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