LME reforms must meet international standards, Global Witness warns | Sustainable Procurement News | Scoop.it

While Global Witness welcomes the London Metal Exchange (LME) commitment to introduce OECD-standard responsible sourcing requirements for its metal brands, it warns that the LME must ensure its members go beyond paper-based compliance activities to meaningfully change and improve supply chains and their impacts. "Disrupting global trading patterns that link minerals and metals to conflict financing, human rights abuses, environmental degradation and corruption demands change to business behaviours right along the trading chain”, said Global Witness’s campaign leader Sophia Pickles in a statement. EU and US supply chain laws consistent with the internationally recognized OECD due diligence guidance for responsible gold, tin, tantalum and tungsten supply chains are already in place, while  Chinese developments towards greener, more transparent mineral supply chains are now on the table.