LG Chem joins RMI for supply chain sustainability
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.