Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/273517 
Year of Publication: 
2023
Series/Report no.: 
SWP Comment No. 32/2023
Publisher: 
Stiftung Wissenschaft und Politik (SWP), Berlin
Abstract: 
The German government intends to establish standards for responsible sourcing of metals, and laid out its objectives in a position paper in January 2023 ("Paths to sustainable and resilient raw material supplies"). German firms source much of the metals they use through traders, exchanges and over-the-counter markets. These tend to be located outside the European Union in countries whose regulations on corporate due diligence are weaker than the EU's. Given the central role of commodity traders and exchanges in securing the supply of metals and enforcing sustainability standards in metal supply chains, the German government should ensure that its implementation of its position paper devotes commensurate attention to the commodity trade. Robust supply chain legislation at the EU level, also covering the financial sector, will permit Germany to exert indirect influence on commodity traders, exchanges and over-the-counter markets.
Subjects: 
due diligence obligations
metal supply chains
sustainability standards
European Union
green transformation
digital transformation
commodity traders
OECD
Extractive Industries Transparency Initiative (EITI)
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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