We take all reasonable steps to ensure that the precious metals in our value chain originate from legal and ethical sources. Therefore, we systematically adhere to the strictest standards. Compliance with laws, regulations, and our own company policies is rigorously integrated into our processes.
Heraeus Precious Metals works only with mining companies that underwent an on-site assessment conducted by us or a third party. We strive to have a positive impact on the people, environment and communities in our upstream value chain and continue to drive our efforts and support the efforts of our mining partners to mitigate any negative impact.
Our precious metal recycling keeps valuable material in the economic loop. We are tirelessly working with our partners who send us secondary material for recycling to ensure appropriate policies and processes are in place at intermediate collectors and refiners. Our goal is to prevent mining material or stolen material from entering the supply chain through presumed recycling material.
If precious metal suppliers do not meet our standards, we refuse to enter into a business relationship with them. We terminate existing relationships if violations are detected that cannot be resolved or corrected. Our system for responsible precious metal sourcing is certified by all major responsible precious metals sourcing frameworks such as RMI, RJC, LBMA, and LPPM.