London Metal Exchange Sustainability Profile
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 44 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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London Metal Exchange's reported carbon emissions
In 2024, the London Metal Exchange (LME) reported total carbon emissions of approximately 7,813,000 kg CO2e, with Scope 2 emissions from purchased electricity accounting for about 4,000 kg CO2e. This marks an increase from 2023, when total emissions were approximately 7,479,000 kg CO2e, with Scope 2 emissions from purchased electricity at about 218,000 kg CO2e. The LME does not currently disclose Scope 1 or Scope 3 emissions data. The LME is committed to achieving carbon neutrality by the end of 2024, a target announced by its ultimate parent company, Hong Kong Exchanges and Clearing Limited (HKEX), in 2023. This commitment is part of a broader strategy to align with net-zero targets across all scopes, with long-term goals set for 2050. The emissions data is cascaded from HKEX, reflecting the LME's position as a current subsidiary within this corporate family. The LME is actively working towards its climate commitments, although specific reduction percentages have not been disclosed. The organisation is a member of the Science Based Targets initiative (SBTi), indicating its commitment to science-based emissions reduction strategies.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 218,000 | 0,000 |
| Scope 3 | - | - |
How Carbon Intensive is London Metal Exchange's Industry?
How Carbon Intensive is London Metal Exchange's Location?
London Metal Exchange's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
London Metal Exchange has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about London Metal Exchange's sustainability data and climate commitments