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:
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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
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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
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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
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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.