Elephant Refinery are showing the way when it comes to increasing sustainability throughout the entire precious metals supply chain. The demand for metals continues to rise, while the materials themselves are becoming scarcer. We recycle waste containing precious metals to create raw materials, so contributing to a circular economy.Like to know more? We will be happy to provide you with detailed information about the origin of our precious metals.
The Responsible Gold Covenant
Aunexum Precious Metal Group, the parent company of Elephant Refinery, signed up to the Responsible Gold Covenant in August of 2018. The gold sector in the Netherlands has made a joint commitment to work towards a sustainable international gold supply chain. The aim is for human rights, biodiversity and the environment to be better respected throughout the supply chain, from mining through to recycling. Signatories to the covenant include manufacturers of electronics and jewellery, recyclers, social organisations and government agencies.
Aunexum and the businesses in the group work exclusively with precious metals from responsible sources: businesses and countries which respect human rights, the environment and biodiversity in the extraction of precious metals. Workers at small gold mines in various countries often experience very poor working conditions, while the larger mines sometimes create environmental problems. Toxic chemicals are used in the extraction of gold, with negative environmental effects. In some countries the exploitation of large mines often goes hand in hand with social problems like child labour and corruption. The production of gold can also generate funds to finance violent conflict. Aunexum’s approach is to exclude these risks.
A significant role
“We regard social accountability as a crucial matter. Our companies are involved throughout the precious metals supply chain, so that we have a truly significant role to play. It is wonderful that together with our partners and customers we are able to significantly raise awareness of the origins of precious metals! We also aim to continue to increase the sustainability of our sector. In order to achieve this it is important that we sit around the table with our partners in order to discuss ways in which change can be put into practical effect.”.Aunexum Precious Metal Group