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Financial Intermediation
GB
updated a month ago

London Metal Exchange

Company website

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.

41

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.

30

Industry Benchmark

London Metal Exchange's score of 41 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.

63%

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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 a slight 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 LME is also a member of the Science Based Targets initiative (SBTi), indicating its commitment to science-based emissions reduction strategies. As a current subsidiary of HKEX, the LME's climate initiatives and emissions data are influenced by the overarching goals of its parent company. The LME's emissions data and reduction targets reflect its dedication to sustainability within the financial services sector, particularly in the context of specialised financial services and consumer finance.

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20232024
Scope 1
-
-
Scope 2
218,000
0,000
Scope 3
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. London Metal Exchange's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for London Metal Exchange is in GB, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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