A shared commitment
to a responsible
supply chain
In 2019, the ASMP formalised its principles of ethical business conduct in a code of conduct. Since then, the members of the Swiss Precious Metals Association (ASMP) have adhered to this code, which promotes an ethical and sustainable vision for the entire Swiss precious metals supply chain.
ASMP members agree to incorporate the principles of the code of conduct into their business activities.
However, the Association is not liable for any non-compliant actions by any of its members and reserves the right to take measures against violations.
Any violation may result in sanctions, up to and including exclusion from the association, so as to ensure the integrity of the sector.
The principles of the code of conduct
Business ethics:
non-tolerance of forced labour, child labour, exploitation and unfair discrimination; application of high standards of occupational health, safety and production; support for the promotion of human rights in our activities and business relationships and the existence of humane and social working conditions. We are also committed to taking rigorous action against any activity that triggers, finances or supports illegal armed conflict or terrorism. We are committed to fair competition and the fight against corruption.
Compliance with regulations and continuous development of existing procedures:
the development of chemically safe and environmentally friendly activities in the processing and production of precious metals and their products. We comply with the Precious Metals Control Act (PMCA) and the LRD in the fight against money laundering and take strict measures against fraud, theft, corruption and contributions to armed conflicts.
Proper use of resources:
we are committed to determining the flow of precious metals and their use in the products manufactured by our companies and to encouraging innovation to better understand and control their impact on the environment, society and the economy throughout their life cycle.
Communication and transparency:
we are committed to communicating openly about precious metals and to promoting understanding among the various social stakeholders.
(Updated at the General Assembly held on 26 June 2019)