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Responsible Business Supply Chain Policy – Bangalore Refinery

Responsible Business Supply Chain Policy


  1. BRPL is committed to the principle of  responsible sourcing  throughout the supply chain. BRPL understand that there are risks of associated with extracting, trading, handling and exporting minerals from conflict-affected and high-risk areas, and we recognize that we have the responsibility to respect human rights and not contribute to conflict, and protect the environmentIt will implement these principles by :
    1. Establishing processes to prevent use of its organization in money laundering operation or crimnal activities. These would be based on the guidelines set forth by the Organisation for Economic Co-operation and Development(OECD) Guidance and Supply Chains of Minerals from Conflict Affected and High-Risk Area, third edition.
    2. Ensuring that minerals originating from notified  regions that are    mined to  benefit armed groups or to finance conflict‚ are not used in its products. This includes illegal financial support got by armed groups (non government/ private)  through the extraction, transport, trade or export of mineral. 
    3. Our endeavour is to ensure that the actors in the supply chain are  not involved in violation of international humanitarian law, human rights abuse in any forms of torture, cruel, inhuman and degrading treatment, forced or compulsory labour, child labour, and sexual violence. 
    4. Additional steps will be taken to ensure that the miners have paid the taxes, fees and royalties due to government and has not fraudulent misrepresentation of the origin of minerals. Steps will be taken to ensure that the miners and other actors are not involved in bribery related to the metals.
    5. Implementing   a comprehensive management system that encompasses strict risk based due diligence before entering into new commercial relationships as well as continuous monitoring of transactions on a risk based approach.
    6. Suspending or discontinuing  engagement with any  counterparty where  a reasonable risk is identified to  indicate  that  they have  sourced gold  from, or linked to, any party committing serious abuses as defined above.
  2. Widely disseminate and incorporate in contracts and/or agreements, with suppliers the following policy on responsible sourcing of minerals from conflict-affected and high-risk areas. 
  3. Further BRPL is committed to support measures to create a  Gold Supply chain from   mines to market that will be   responsible,  secure, transparent and verifiable by  establishing  long-term relationships with precious metals suppliers and customers.
  4. BRPL will perform appropriate due diligence of our counterparties before conducting  any business with them.   We will also conduct periodic  monitoring of the relationship in order to assess the risk of contribution to conflict, money laundering and serious human rights abuse and implement a strategy to respond to identified risk and maintain adequate records to demonstrate that appropriate and ongoing due diligence have been followed. 
  5. BRPL will encourage and assist  it’s suppliers to be part of the Larger Global supply chain for responsible gold. If some suppliers are found to have  minor infractions, steps will  be taken to help   them correct the same. If  it's not feasible  then such business  relationships will be terminated.
  6. Any action required to be undertaken under this  Policy shall be taken by the Compliance Officer in accordance with this Policy. The Compliance Officer shall have a functional reporting to the Designated Director. Aggravated cases of breach of this AML Policy shall be escalated to the Board of Directors of our Company through the Designated Director. Please  send an  email to cmo@bangalorerefinery.com for any query regarding this policy.

 NOTE: The above policy is implemented with effect from 22 July 2023.

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