LME outlines responsible sourcing requirements, route to compliance

The London Metal Exchange has set out its requirements for responsible sourcing, outlining three routes to compliance.

The requirements will be underpinned by the Organization for Economic Co-operation and Development’s (OECD) due diligence guidance.
The exchange’s announcement on Friday October 25 follows the close of a market-wide consultation on June 30 into the introduction of responsible sourcing standards across all listed brands launched in April.
The LME said it now intends to implement a proposed framework with full engagement required by 2022 but has delayed full compliance to 2023.

"This is an extremely complex area, and while finding the right balance between rule-making and the pragmatism of...


Hassan Butt

October 25, 2019

13:14 GMT