What are the benefits of SMO gold?
The benefits of SMO Responsibly Sourced Gold are numerous. Firstly, it promotes sustainable mining practices that minimise negative impact on the environment. This includes reducing greenhouse gas emissions, protecting biodiversity, and conserving water resources. Secondly, it ensures that the rights of workers are respected, including their health and safety, fair wages, and working conditions. Thirdly, it provides economic benefits to local communities, including job creation and support for local businesses.
Several initiatives have been launched to promote SMO Responsibly Sourced Gold. The Responsible Jewellery Council (RJC) has developed a certification system that verifies the responsible practices of gold mines and their supply chains. The Alliance for Responsible Mining (ARM) has developed the Fairmined Standard, which ensures that gold is extracted in a way that benefits miners and their communities. Additionally, the World Gold Council has launched the Responsible Gold Mining Principles, which provide a framework for responsible gold mining practices.
SMO Responsibly Sourced Gold is a step towards sustainable mining practices. It provides transparency and accountability in the gold supply chain, promotes environmentally and socially responsible practices, and benefits local communities. As consumers, we can support this initiative by choosing products that use SMO Responsibly Sourced Gold and encouraging companies to adopt responsible mining practices.