Responsible sourcing - LME recognises ITA Tin Code standard
The LME is leveraging its position in the market to support metal producers in their journey to responsible supply chains through transparency and pragmatic use of standards applied without discrimination between large and artisanal sources. The LME ‘Track A’ route is one option for brands to demonstrate appropriate supply chain due diligence.
The International Tin Association’s Tin Code encourages transparent reporting of the performance of global tin supply chain participants against a broad range of ESG expectations. The Tin Code Standard 7.3 evaluates company implementation of the OECD Due Diligence Guidance (OECD DDG) for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (CAHRA).
The conditional approval is for company assessments under the ITA Tin Code 7.3 performed against the ITA-RMI Assessment Criteria for Tin Smelting Companies. This system has been independently confirmed to be in full alignment with the OECD Guidance standards. ITA is now rolling-out assessments to enable completion of a second stage alignment assessment on implementation and achieve overall approval.