May 2, 2022 - Last Friday, ArcelorMittal (‘the Company’) has published its 2021 integrated annual review, ‘Smarter steels for people and planet’.
Key highlights in the review include:
Support for 26,000 ArcelorMittal employees and the local community at the company’s plant in Kryvyi Rih, in Ukraine. This includes donations, a group-wide matched funding initiative and providing accommodation for those who have fled the country.
Actions taken to improve health and safety across the group and strengthen safety culture. We have completed a comprehensive review of our efforts to improve performance, strengthened safety strategy and governance and have started 2022 with a refreshed company-wide commitment to put this into action at every single plant and mine.
The Company’s decarbonisation and sustainability leadership, including a clear roadmap for achieving the Company’s medium-term 2030 CO2e targets, the launch of new XCarb™products supporting customers with their own plans to reduce carbon emissions, and updates on the decarbonisation projects worth $5.6 billion in France, Spain, Belgium, Canada, being developed and deployed.
Investment commitments totalling $180 million from the Company’s XCarb™ innovation fund, launched in 2021, to foster the development of technologies that will support decarbonisation across the steel value chain.
Details of our strategic growth initiatives which focus on opportunities that deliver high returns, improve our product portfolio, capture growth in emerging markets and align with our target of being net zero by 2050.
Significant progress towards meeting steel and mining certification and accreditation standards to ensure stakeholders that our steel is produced responsibly. In 2021, 10 ArcelorMittal sites in Europe and Brazil achieved ResponsibleSteel™ site certification, with further roll-out planned in 2022. The Company’s mining operations in Brazil, Canada, Liberia and Mexico have started the Initiative for Responsible Mining Assurance (IRMA) self-certification process and are working towards achieving the first level of the certification pathway by 2025.
Insight into how the Company is managing its broader environmental impact, including $565 million of investment allocated to 40 projects with environmental benefits.
$270 million of R&D investment in 2021, which supported the launch of 24 new products and solutions to accelerate sustainable lifestyles and 27 new products and solutions to support sustainable construction, infrastructure and energy generation.
Continued focus on diversity and inclusion and a commitment to double the number of senior leadership positions held by women to at least 25% by 2030.
Our contribution to creating economic and social value in 2021 – including an estimated direct economic contribution of $68 billion, a total tax contribution of $5.7 billion, and a community investment spend of $10.2 million.