LG Chem joins RMI for sup­ply chain sus­tain­abil­ity

The Korea Times - - BUSINESS - By Jun Ji-hye [email protected]­re­atimes.co.kr

LG Chem has be­come Korea’s first elec­tric ve­hi­cle (EV) bat­tery maker to join the Re­spon­si­ble Min­er­als Ini­tia­tive (RMI), ac­cel­er­at­ing ef­forts to en­hance sus­tain­abil­ity of its sup­ply chain, the com­pany said Mon­day.

Es­tab­lished in 2008, RMI is a global con­sul­ta­tive group that helps com­pa­nies in var­i­ous in­dus­tries ad­dress re­spon­si­ble min­eral sourc­ing is­sues in their sup­ply chains.

The group pro­vides more than 380 mem­ber com­pa­nies with tools and re­sources “to make sourc­ing de­ci­sions that im­prove reg­u­la­tory com­pli­ance and sup­port re­spon­si­ble sourc­ing of min­er­als from con­flict-af­fected and high-risk ar­eas,” ac­cord­ing to its web­site.

The mem­ber com­pa­nies in­clude Volk­swa­gen, Re­nault and Ap­ple.

As a mem­ber of RMI and the na­tion’s lead­ing EV bat­tery and chem­i­cals pro­ducer, LG Chem will re­ceive var­i­ous in­for­ma­tion on cobalt, tung­sten and other min­er­als which of­ten comes from con­flict-af­fected and high-risk ar­eas, in­clud­ing their place of ori­gin.

The Korean com­pany will also be able to estab­lish a mu­tual-as­sis­tance sys­tem with global firms to ad­dress so­cial and en­vi­ron­men­tal is­sues in­volv­ing their sup­ply chains.

Newspapers in English

Newspapers from Korea, Republic

© PressReader. All rights reserved.