Franklin Templeton has announced the launch of the Franklin Responsibly Sourced Gold ETF.

The fund aims to track the performance of the price of gold bullion, less the expense of fund operations, and is priced at 15 basis points. It will trade on NYSE Arca.

The fund defines “responsibly sourced gold” as London Good Delivery gold bullion bars that were refined on or after January 1, 2012, which have been refined in accordance with London Bullion Market Association’s Responsible Gold Guidance. This is intended to ensure that the gold is mined through verified supply chains that meet certain internationally recognized ethical standards.

Todd Mathias, Head of U.S. ETF Product Strategy, said, “As we continue to thoughtfully build our ETF platform for the future, we are excited to be an industry leader with this listing. The LBMA’s Responsible Sourcing Program aims to protect the integrity of the global gold supply chain by requiring approved refiners to demonstrate their efforts to respect the environment globally and combat money laundering, terrorist financing and human rights abuses. Many clients have considered gold’s historically low correlation to traditional stocks and bonds to be an important diversifier, and we expect that to continue. We are thrilled to bring an ESG-focused ETF in this asset class.”