Responsible Jewellery Council Policy
WILDS COMPANY LIMITED is a gemstones trading company, located in Hong Kong.
WILDS COMPANY LIMITED is a Member of the Responsible Jewellery Council (RJC). The RJC is a standards-setting organisation that has been established to advance responsible ethical, human rights, social and environmental practices throughout the diamond, gold and platinum group metals jewellery supply chain.
The RJC has developed a benchmark standard for the jewellery supply chain and credible mechanisms for verifying responsible business practices through third party auditing.
As an RJC Member, we commit to operating our business in accordance with the RJC Code of Practices. We commit to integrating ethical, human rights, social and environmental considerations into our day-to-day operations, business planning activities and decision-making processes.
Supply Chain Due Diligence Reporting
WILDS COMPANY LIMITED has aligned its Supply Chain Due Diligence communication and reporting on RJC’s Guidance for this subject (p. 65 of RJC COP 2019 Guidance Document, table 7.5.). As a result, this document recaps the reporting requirements for Tier 2 and downstream companies (WILDS COMPANY LIMITED’s position in the diamond supply chain).
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Management Systems:
WILDS COMPANY LIMITED has created a Supply Chain Policy document which has been sent to all its suppliers. The Management responsibility for the due diligence programme has been assigned to WILDS COMPANY LIMITED’s Managing Director, and adequate record-keeping systems and processes for information collection have been installed as per the Company’s procedures for this subject.
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Risk Assessment:
In preparation of its RJC Audit, WILDS COMPANY LIMITED has engaged with all its suppliers by sending them its Supply Chain Policy and a Due Diligence Questionnaire, both accompanied by an explanatory letter on RJC’s COP 7 and the Company’s obligations in this respect. To date, the majority of suppliers have sent this questionnaire back, and the Company strives for 100% completion of supplier-response.
To date, no risks (neither actual or potential) have been identified, but the Company will strive to obtain more detailed information (whether in a formal or in an informal way) from their suppliers.
3. Response:
To date, no specific risks have been identified in our supply chain, as such, no specific extra steps needed to be undertaken by the Company to manage risks, monitor and track performance of risk mitigation or to follow up any specific risk-areas.
