LONDON METAL EXCHANGE RECOGNIZES ITA TIN CODE STANDARD

LONDON METAL EXCHANGE RECOGNIZES ITA TIN CODE STANDARD

The International Tin Association (ITA) has announced that Tin Code Standard 7.3 has been conditionally approved by the London Metal Exchange (LME) for use by brands under ‘Track A of the standard assessed by alignment’ of the LME Responsible Sourcing Rules.

In this way, the LME is enhancing its market position to support metals producers on their journey towards responsible supply chains through transparency and the pragmatic use of standards applied without discrimination between large and artisanal sources. The LME ‘Track A’ route is an option for brands to demonstrate appropriate due diligence in the supply chain.

Nicole Hanson, Responsible Sourcing Manager commented that “the LME’s Responsible Sourcing policy builds on well-established work in the metals sector, connecting the industry with organisations that have years of experience and resources to address challenging issues in the metals supply chain. ITA is the first to achieve this milestone”.

The ITA Tin Code encourages transparent reporting on the performance of global tin supply chain participants against a wide range of ESG expectations. Tin Code Standard 7.3 assesses the company’s implementation of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (CAHRA).

ITA is the world authority on tin accounting for more than two thirds of the world’s tin production and is a world leader in the implementation of responsible sourcing standards.