The Copper Mark, the assurance framework to promote responsible practices and demonstrate the copper industry’s contribution to the United Nations Sustainable Development Goals, welcomes the launch of LMEpassport by the London Metal Exchange on 31 August 2021. The Copper Mark is among the first group of standards LME brands can indicate to demonstrate their sustainability credentials.
LMEpassport is a centralised digital register that stores electronic Certificates of Analysis (CoAs) and sustainability credentials for LME-listed metals. It allows relevant information about metals to be recorded digitally and facilitates a straightforward method of sharing information throughout the value chain. Users can voluntarily upload verifiable certifications for specific batches of metal.
The Copper Mark Criteria and the Copper Mark’s Joint Due Diligence Standard have also been included in LMEpassport as relevant sustainability data points which can be voluntarily submitted by users. This marks a further strengthening of its relationship with the London Metal Exchange, one of its key collaborators in promoting responsible metals production and sourcing practices, and reflects the growing credibility of the Copper Mark throughout the global supply chain since it was launched in 2019.
Michèle Brülhart, Executive Director of the Copper Mark, said:
“We very much welcome the roll-out of the London Metal Exchange’s new LMEpassport. This system has an important role to play in promoting transparency and information-sharing, both of which are essential for advancing responsible production and sourcing practices throughout the industry.”