“There is power in coalition and by working together, the metals industry can – and must – embody global expectations on sustainability”
Matthew Chamberlain gives his update on the next steps in the LME’s Sustainability strategy.
LME SUSTAINABILITY
Metals are an essential enabler of a sustainable future, and as global demand for metals increases, so will the expectations on sustainable standards. Within our own business and in the metals and mining industries more widely, we are committed to both driving and lending support to sustainability initiatives.
We believe we have a collective responsibility as an industry to drive meaningful change in this space. Working together, we can make metals the cornerstone of a sustainable future.
Our strategy aims to provide the metals industry with the option of gaining greater transparency of and access to sustainably produced metal – such as low carbon aluminium – as well as to metal that itself plays a significant role in global decarbonisation and the circular economy – such as EV materials and scrap metals.
Discussion Paper Response - December 2020
In August 2020 we issued a discussion paper on LME Sustainability, setting out our vision, approach and plans in respect of expanding the vital role the metals and mining industries will play in transitioning to a sustainable future.
On 16 December 2020 we published our analysis of the broad market feedback which we received, together with the details of the steps we intend to take next. We also published feedback on our discussion paper for LMEpassport, our new digital register that will provide visibility of metals’ sustainability credentials.
- LME Press Release: LME moves ahead with sustainability strategy and LMEpassport roll-out
- LME Sustainability Discussion Paper Feedback December 2020
- LMEpassport Discussion Paper Feedback December 2020
Discussion paper documents - issued August 2020
- LME Sustainability: Summary
- LME Sustainability: Overview
- LME Sustainability: Discussion Paper
- LME Press Release: LME Issues Discussion Paper on Sustainability Plans
LME Sustainability webinars
Visit our webinar section to listen to our suite of LME Sustainability webinars, featuring discussions with industry experts and key stakeholders.
Related initiatives
LME-ASI memorandum of understanding
The London Metal Exchange (LME) and the Aluminium Stewardship Initiative (ASI) have developed a Memorandum of Understanding to underpin collaboration on responsible aluminium value chains.
Key areas of focus include:
- Use of ASI Certification to evidence aluminium brands’ compliance with LME responsible sourcing requirements which are centred on the OECD Due Diligence Guidance
- The potential use of ASI Certification, metrics and audits to support LME initiatives to bring together buyers and sellers interested in aluminium with sustainability assurance
- LME input into ASI monitoring and evaluation projects
- Other relationship-strengthening activities that can promote the shared values of both organisations.
Mining Journal Stakeholder Engagement Programme
We are pleased to be a part of Mining Journal's Stakeholder Engagement Programme. The initiative aims to create a forum where resources companies can engage with investors, employees, governments, end users and civil society groups; and where stakeholders can engage with and better understand the mining industry.
Visit Mining Journal's website to access a comprehensive information hub featuring blog posts, podcasts, videos, interviews and more addressing some of the wide-ranging topics of discussion surrounding the mining industry today, and be part of the conversation.
Contact Us
For further information please get in touch.