Comparison between the OECD Gold Supplement and World Gold Council Conflict-Free Gold Standard

Purpose
The World Gold Council commissioned PwC to conduct a comparative study to show the degree of alignment between the World Gold Council’s Conflict-Free Gold Standard (‘the Conflict-Free Gold Standard’); the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (‘the Due Diligence Guidance’); and the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas – Supplement on Gold (‘the Gold Supplement’). This work was first undertaken during the drafting of the Conflict-Free Gold Standard to give the World Gold Council independent feedback that could be taken into account in the drafting process. An update to the study was completed when the Conflict-Free Gold Standard was completed. A summary of our overall views on alignment of the purpose, role and content of the two standards is given in our Viewpoint Report: Golden opportunity: Building an industry commitment to conflict-free gold production.