LME launches consultation on the introduction of responsible sourcing standards across all listed brands

摘要

The London Metal Exchange ("LME") launched a formal market-wide consultation on proposed rules for the application of responsible sourcing principles to all LME-listed brands. These rules build on the strong engagement with market stakeholders to the LME's October 2018 position paper, and reflect the broad range of feedback which the LME has received. Matthew Chamberlain, LME CEO, commented, "Our comprehensive market engagement exercise has revealed strong support for the LME taking action on this important topic. The LME's role is now to appropriately balance the differing views of market stakeholders when implementing our requirements - and we are pleased to have been able to do so in today's proposals. For example, based on the constructive feedback of civil society organisations, we have enhanced our transparency requirements, and at the same time, we have respected the views of producers who have called for more achievable timelines and a clearly-defined reporting process."