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Responsible Business, Sustainable Growth - ArcelorMittal Outlines Corporate Responsibility Performance in Its Latest Report

Wednesday, May 9, 2012 2:00 AM

Regulatory News:

ArcelorMittal today published its Corporate Responsibility (CR) report for the 2011 financial year, detailing recent progress made by the world’s largest steel and mining company against its responsible business and sustainable growth plans.

Highlights of this latest CR Report include:

  • A fourth successive year of improvement in ArcelorMittal’s health and safety record: Lost Time Injury Frequency Rate falling to 1.42 days per million hours worked, a 20% reduction compared to 2010
  • The roll-out of S-in-motion – ArcelorMittal’s innovative steel product for the automotive industry that has the potential to deliver a 15 per cent reduction in emissions while the vehicle is being made, and a further 13.5 per cent while it is being driven
  • Investment of $306 million into researching and developing new products to support a low carbon world and an investment of $329 million into environmental capital expenditure
  • A reduction in its CO2 output per tonne of steel, down to 2.09 tonnes from 2.15 tonnes in 2010, moving towards our target of an 8% reduction by 2020 against a 2007 baseline
  • In 2011, the first global health week was held with over 103,000 employees and contractors participating in activities. In addition, in 2011, over 147,000 employees were trained on the human rights policy

“ArcelorMittal’s status as the world’s leading steel and mining company is a source of intense pride, both personally and for our employees,” comments Lakshmi N. Mittal, Chairman and CEO, ArcelorMittal. “With industry leadership comes responsibility, however – responsibility to our employees and contractors; to our shareholders and customers; to the environment; and, not least, to the communities in which we operate. I hope the 2011 CR Report demonstrates that we are delivering against this responsibility by making tangible progress against key targets, particularly in the all-important area of health and safety,” he adds.

Other key elements of ArcelorMittal’s CR performance in 2011 include commissioning Deloitte to provide assurance over the report and conduct the first-ever external verification of the Group’s CO2 footprint, providing a benchmark against which to measure emissions performance in future years.


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