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 37 is higher than 86% 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 2023, the London Metal Exchange (LME) reported total carbon emissions of approximately 7,047,000 kg CO2e, with emissions distributed across various scopes: 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. This marks a notable increase in emissions compared to 2022, where total emissions were about 1,622,000 kg CO2e, primarily driven by Scope 3 emissions at 1,601,000 kg CO2e and Scope 2 emissions at 22,000 kg CO2e. The LME has committed to achieving net-zero emissions by 2050, aligning with the Science Based Targets initiative (SBTi). This long-term commitment encompasses all scopes of emissions, reflecting the organisation's dedication to addressing climate change comprehensively. The LME's climate strategy is part of a broader industry trend towards sustainability, aiming to reduce carbon footprints and enhance environmental responsibility within the financial services sector.
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| 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 not participating in any of the initiatives that 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.
