LME recognition of ASI Performance Standard V3
ASI’s Performance Standard V3 (2022) has been conditionally approved as a recognised alignment-assessed standard by the London Metal Exchange (LME), for Track A of their Responsible Sourcing Requirements.
10 August 2022
An independent standard alignment assessment has confirmed ASI’s 2022 Performance Standard is OECD-Aligned. LME Brands for aluminium can use ASI Certification against the 2022 Performance Standard to demonstrate compliance with the LME’s Responsible Sourcing requirements. Full, unconditional approval will be assessed after the implementation portion of the alignment assessment is complete.
“ASI has done an excellent job translating the text of the OECD Guidance into practices for the aluminium value chain that producers can both implement and be audited against”, said Nicole Hanson, Responsible Sourcing Manager, LME.
“We’re pleased to take on the responsibility of integrating the OECD Guidance into ASI’s Certification program for the aluminium value chain, and collaborating with LME on their Responsible Sourcing requirements. Using a risk-based approach to harmonise due diligence across multiple sectors adds value for all stakeholders”, said Fiona Solomon, ASI CEO.
In 2021, ASI published training modules for members and auditors on risk-based due diligence in the aluminium supply chain in accordance with the OECD Due Diligence Guidance, both available for free on ASI’s online learning platform educationAL.
See more about LME’s Responsible Sourcing requirements and ASI recognition at:
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