Company: FGDL
Filing Date: 2025-08-26
Form Type: POS AM
Source: 0001137439-25-001038
Chunk: 36

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-26
Form: POS AM
Chunk 36
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al and small-scale mining and large-scale mining. The Gold Guidance provides specific parameters around this assessment depending on the nature of the material being sourced (e.g., artisanal/small or large scale). For example, with respect to storage, handling, and disposal of hazardous chemicals, including mercury and cyanide, the LBMA recognizes that mercury is used mainly in Artisanal and Small-Scale Mining (ASM) sources and therefore does not ban such supply chains. Instead, LBMA requires refiners working with such artisanal supply chains to assist them in establishing processes to use mercury in a safe manner and to limit negative impacts on the environment and health and safety, and to find alternative solutions to mercury. Finally, once specific ESG risks have been identified, the Gold Guidance requires refiners to implement a management strategy to respond to those identified risks. Accredited refiners are also required to provide evidence of their sustainability policy and its effect on any associated initiatives throughout their supply chain. Specific ESG related metrics and risks addressed in the Gold Guidance include:

| 1. | Non-compliance with environmental, health, safety, labor and community related regulations in country of operation and/or company policy |

| 2. | Ineffective environmental management, including: (a) air, water, land pollution and lack of incident management plans; (b) water stewardship, especially in water scarce and stressed areas; (c) sourcing from World Heritage Sites and 
 protected areas; and (d) land rehabilitation and biodiversity management                                                                                                                                                                |

| 3. | Ineffective mitigation of, and adaptation to, the impacts of climate change |

| 4. | Inappropriate storage, handling and disposal of hazardous chemicals, including mercury and cyanide |

| 5. | Ineffective management of tailings facilities |

| 6. | Ineffective management of labor issues, including remuneration, working hours, collective bargaining, discrimination, diversity, disputes and safeguarding of workers |

| 7. | Ineffective community engagement and management programs with respect to socio-economic development, land acquisition and community resettlement, cultural heritage sites and indigenous people, closure planning and safeguarding of 
 vulnerable populations                                                                                                                                                                                                                |

| 8. | Ineffective management of business integrity impacts and ethical conduct as regarding fair competition, responsibly lobbying, tax compliance and supporting the implementation of relevant initiatives. |

Special Considerations Relating to Recycled Gold Recycled gold refers to metal that has been previously refined and generally encompasses materials or products that are gold-bearing and have not come directly from a mine