Transparency on upstream sourcing practices: a necessity!

Transparency on upstream sourcing practices is no more negotiable.

For many industries, including the metal one.

In 2019, the London Metal Exchange (world centre for the trading of industrial metals) launched an initiative to ensure their supply-chains respect human rights and do not contribute to conflict financing or corruption.

The requirement? All its listed companies need to report on the sourcing practices of their own producers.

The stake? Being suspended or delisted in case of non-compliance.

This is now about to happen for 10% of the LME listed metals brands, which haven’t sent their report yet.

What about you? Have you mapped the actors, risks and opportunities within your supply-chains?

See the article below: