First sustainability disclosures listed on LMEpassport
The London Metal Exchange (LME) has announced the first sustainability disclosures registered on its newly launched digital credentials register, LMEpassport.
As of 12 October, nine producers have listed disclosures under the LME’s sustainability taxonomy, which covers environmental, social and governance spheres designed to ensure that all aspects of the sustainability world – and crucially, the ways in which LME-listed brands have moved to address them – can be reflected.
Georgina Hallett, LME’s chief sustainability officer, said: “We’re delighted to see key members of the metals community taking the opportunity to provide greater visibility of their sustainability credentials. Transparency can help facilitate meaningful progress in important target areas and we’re pleased to support our brands in their vital work to drive the sustainability agenda across all base metals.”
For the launch, the LME has approved a limited set of possible disclosures, but looks forward to working with its listed brands and standards / certification organisations to expand this set to ensure that brands are able to provide transparency across all their sustainability work. By doing so, they are responding to growing consumer demand for transparency in respect of ESG standards at all levels.
Carbon footprint is just one of several such areas captured in the sustainability taxonomy, and which is central to collective efforts to reduce carbon emissions, as set out in the Paris Agreement.
Sustainability disclosures on LMEpassport are publically displayed on the LME’s sustainability webpage.