Ethical and Responsible Sourcing

Nomad’s Co Ltd Policy on Ethical and Responsible Sourcing 

            Nomad’s has always endeavored to conduct our business in an ethical manner. We recognize the risks of adverse impacts which may be associated with our supply chain and recognizes that we have a responsibility to respect human rights and not contribute to the financing of conflicts.  We commit to adopt the following policy on the responsible sourcing of gemstones. We commit to refraining from any action which contributes to the financing of conflict and we commit to comply with relevant United Nations sanctions, resolutions, and laws. We commit to the following:

 

 Regarding abuses associated with the extraction, transport, or trade of Gemstones:

1. While sourcing gemstones, we will neither tolerate nor by any means profit from, contribute to, assist with or facilitate the commission by any party of:

i) any forms of torture, cruel, inhuman and degrading treatment.

ii) any forms of forced or compulsory labor, which means work or service where the individual has not offered themself voluntarily.

iii)the worst forms of child labor.

iv) other gross human rights violations and abuses such as widespread sexual violence.

v) war crimes or other serious violations of international humanitarian law, crimes against humanity or genocide.

2. We will immediately suspend or discontinue engagement with upstream suppliers where we identify a reasonable risk that they are sourcing from, or linked to, any party committing serious abuses as defined above

Regarding direct or indirect support to non-state armed groups:

3. We will not tolerate any direct or indirect support to non-state armed groups through the extraction, transport, trade, handling, or export of gemstones. “Direct or indirect support” includes, but is not limited to, procuring gemstones from, making payments to or otherwise providing logistical assistance or equipment to, non-state armed groups or their affiliates who:

i) illegally control mine sites or otherwise control transportation routes, points where Gemstones are traded and upstream actors in the supply chain; and/or

ii) illegally tax or extort money or Gemstones at points of access to mine sites, along transportation routes or at points where Gemstones are traded; and/or

            iii) illegally tax or extort intermediaries, export companies or international traders.

4. We will immediately suspend or discontinue engagement with upstream suppliers where we identify a reasonable risk that they are sourcing from, or linked to, any party providing direct or indirect support to non-state armed groups as defined above.

Regarding public or private security forces:

5. We agree to eliminate direct or indirect support to public or private security forces who illegally control mine sites, transportation routes and upstream actors in the supply chain; illegally tax or extort money or Gemstones at point of access to mine sites, along transportation routes or at points where Gemstones are traded; or illegally tax or extort intermediaries, export companies or international traders.

6. We recognize that the role of public or private security forces at the mine sites and/or surrounding areas and/or along transportation routes should be solely to maintain the rule of law, including safeguarding human rights, providing security to mine workers, equipment and facilities, and protecting the mine site or transportation routes from interference with legitimate extraction and trade. We will not provide direct or indirect support to public or private security forces that commit abuses or that act illegally as described in this document

7. We will support efforts, to engage with local authorities, international organizations and civil society organizations to avoid or minimize the exposure of vulnerable groups, in particular, artisanal miners where Gemstones in the supply chain are extracted through artisanal or small-scale mining, to adverse impacts associated with the presence of security forces, public or private, on mine sites.

 Regarding bribery and fraudulent misrepresentation of the origin of Gemstones:

8. We will not offer, promise, give or demand any bribes, and will resist the solicitation of bribes to conceal or disguise the origin of Gemstones, to misrepresent taxes, fees and royalties paid to governments for the purposes of mineral extraction, trade, handling, transport and export. We will not pay facilitation payments.

 Regarding money laundering:

9. We will support and contribute to efforts to eliminate money laundering where we identify a reasonable risk resulting from, or connected to, the extraction, trade, handling, transport or export of Gemstones.

Nomad’s believes that the above policies are essential to establishing a more responsible industry. We are committed to this process and to helping a more ethical industry to grow and flourish.