London Metal Exchange
The London Metal Exchange (LME), headquartered in London, GB, is a pivotal institution in the global metals market, renowned for its role in the trading of base metals. Founded in 1877, the LME has established itself as the world's premier marketplace for metal trading, offering a unique platform for price discovery and risk management. Operating primarily in the UK and with a significant presence in Asia, the LME facilitates trading in a variety of core products, including copper, aluminium, and zinc. Its distinctive features, such as the ability to trade in both physical and futures contracts, set it apart from other exchanges. The LME's commitment to transparency and efficiency has solidified its market position, making it a key player in the commodities industry.
DitchCarbon Score
How does London Metal Exchange's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
London Metal Exchange's score of 33 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
London Metal Exchange's reported carbon emissions
In 2023, the London Metal Exchange (LME) reported total carbon emissions of approximately 7,047,000 kg CO2e, comprising 214,000 kg CO2e from Scope 1, 218,000 kg CO2e from Scope 2, and a significant 6,615,000 kg CO2e from Scope 3 emissions. This marks a notable increase in emissions compared to 2022, when the LME's emissions were about 1,622,000 kg CO2e, with 22,000 kg CO2e from Scope 2 and 1,601,000 kg CO2e from Scope 3. The LME has committed to achieving net-zero emissions across all scopes by 2050, aligning with the Science Based Targets initiative (SBTi). This long-term commitment reflects the LME's dedication to addressing climate change and reducing its carbon footprint. The exchange is actively working towards these targets, although specific near-term reduction targets have been removed. As a key player in the financial services sector, the LME's climate commitments are crucial for promoting sustainability within the industry and setting a precedent for other financial institutions.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | 000,000 |
| Scope 2 | 22,000 | 000,000 |
| Scope 3 | 1,601,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
London Metal Exchange is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
