ArcelorMittal SA
Metals & Mining
Company Summary
ArcelorMittal, founded in 2006, is the world’s leading steel manufacturer, serving sectors like automotive, construction, and appliances. The company’s ESG rating highlights its commitment to reducing carbon emissions, increasing energy efficiency, and investing in sustainable steel production methods. ArcelorMittal has made significant strides in improving steel recycling and promoting circular economy initiatives. However, the company has faced criticism over its environmental impact in high-emission sectors and labor issues in certain regions. Despite these concerns, ArcelorMittal continues to work toward sustainable growth and environmental responsibility in its industry. For further information, refer to the ArcelorMittal ESG report.
ESG Rating Overview
Sustainalytics
Overall ESG Rating :
LSEG
Overall ESG Rating :
MSCI
Overall ESG Rating :
ArcelorMittal is average among 31 companies in the steel industry.
Temperature Rise :
News from ArcelorMittal SA
ArcelorMittal & LanzaTech: Ethanol Milestone in Ghent
ArcelorMittal Partners with Sasol to Boost Hydrogen Economy
FAQ
What is ArcelorMittal's ESG rating?
ArcelorMittal holds a strong ESG score of 71/100, excelling in environmental sustainability and governance. The company is recognized for its efforts in reducing carbon emissions in steel production and its commitment to social responsibility in the communities where it operates.
How does ArcelorMittal manage ESG risks?
ArcelorMittal addresses ESG risks by focusing on carbon reduction strategies, including investing in low-carbon steel production technologies. The company has committed to reducing greenhouse gas emissions by 25% by 2030, and to becoming carbon-neutral by 2050. Additionally, it works on improving safety standards at its steel plants and engaging with stakeholders to manage community impacts.
What sustainability efforts has ArcelorMittal undertaken?
ArcelorMittal has taken significant steps to reduce carbon emissions in its steel production process through innovative technologies like hydrogen-based steelmaking. The company is also committed to achieving a circular economy in its operations, focusing on material recycling and waste reduction. It is also a member of the Steel Industry Decarbonization Initiative, aiming for net-zero emissions by 2050.
