The Royal Mint Physical Gold ETC (RMAU) announces responsible sourcing verification as part of ESG credentials
The Royal Mint Physical Gold ETC (RMAU) has published its latest responsible sourcing verification — helping to set the standard for ESG credentials amongst physical metal ETC providers.
In April, The Royal Mint Physical gold ETC (RMAU) completed its twice-yearly audit which verifies that 100 per cent of gold bars are compliant with the LBMA ‘responsible sourcing’ programme. In addition, over 75 per cent of the bars were produced post 2019.
Good-delivery gold bars produced post 2019 must comply with the LBMA’s enhanced good delivery guidance, and RMAU has set the aim of 100 per cent of its gold bars being produced post 2019 by the end of this year. The Royal Mint is a full London Bullion Market Association member, which makes RMAU the only gold backed ETC to carry this reassurance for investors.
Andrew Dickey, Divisional Director for precious metals at The Royal Mint, says: “We want investors purchasing RMAU to have complete confidence that gold bars backing the fund are responsibly sourced, and meet the stringent criteria of the London Bullion Market Association. We conduct twice yearly audits to check each gold bar, and remain fully compliant with LBMA’s responsible souring programme. We’re building on this commitment, and aim to have 100 per cent of our bars produced post 2019 by the end of the year.”