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Münze Österreich AG complies with the provisions of Regulation (EU) 2017/821 of the European Parliament and of the Council of 17 May 2017, laying down supply chain due diligence obligations for Union importers of tin, tantalum and tungsten, their ores, and gold originating from conflict-affected and high-risk areas, as well as the standards defined in this context in part II of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
For this reason, Münze Österreich AG purchases gold exclusively from LBMA-certified suppliers (refineries) who are obliged to introduce strict guidelines for social, ethical and environmentally friendly practices along the value chain and to guarantee the protection of human rights. Third party audits regarding sources of supply and conflict mineral management are available for all of our suppliers in accordance with Art. 5 Para. 4 in conjunction with Art. 6 of the Ordinance.
The gold processed by Münze Österreich AG originates exclusively from LBMA Good Delivery Refiners, mainly located in Europe.
Compliance with the supply chain policy of Münze Österreich AG is binding for our suppliers. It is conveyed by means of a direct letter and via our website.
In order to determine and evaluate the risks along the supply chain, the suppliers and the material are continuously monitored to evaluate whether they are involved in or have contributed to conflicts or their negative effects. In addition, Good Delivery List status or status as an LBMA member is checked before each order (which leads to an import).
In the event of identified violations or risks, measures to contain or avoid risks are taken immediately. Depending on the risk assessment and the success of any measures taken, business relationships are suspended or terminated if necessary.
Any violations of the supply chain policy, ethical concerns or complaints can be reported confidentially to our compliance office (firstname.lastname@example.org).
This policy is validated annually to ensure that it is up to date and appropriate, and is adjusted if necessary.
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