ArcelorMittal publishes 2019 integrated annual review
27 Mai 2020 - 11:00AM
ArcelorMittal publishes 2019 integrated annual review
27 May 2020 – ArcelorMittal (‘the Company’),
the world’s leading steel and mining company, has today published
its 2019 integrated annual review, ‘Inventing smarter steels for a
better world’. The review, which can be accessed at
https://corporate.arcelormittal.com/corporate-library/reporting-hub/integrated-annual-review-2019, underpins
the Company’s commitment to transparent reporting. It has been
produced in-line with the International Integrated Reporting
Council’s framework and demonstrates the Company’s approach to
ensuring it brings long-term, sustainable value to its broad
stakeholder base.
The review provides an overview of the progress the Company made
in 2019 and outlines how it is addressing its challenges.
Specifically, the review details how ArcelorMittal performed last
year across four distinct areas, namely: health and safety
performance; delivering financial value; innovating smarter steels
and solutions; and driving environmental and social
sustainability.
Commenting, Lakshmi Mittal, Chairman and CEO,
ArcelorMittal, said:
“I am fundamentally optimistic about the long-term outlook for
steel because, as the world’s population further increases and
living standards continue to improve for everyone, demand for
materials will also increase. Our product is also an integral
component in much of the infrastructure that will support a net
zero carbon economy, including wind and solar farms, electric
vehicles and low-carbon buildings. But we also need to work to
significantly reduce our direct carbon footprint. Beyond the
challenge of trialling and scaling up potential technologies, the
biggest hurdle will be the significantly higher costs which cannot
be supported by the profitability of the industry alone. This is
why policy intervention is so critical, both to provide access to
finance as well as to ensure a level playing field.
“As steelmaking develops, it is important to also develop the
skills of our employees and to ensure we can retain and attract the
people we need for continued success. We have already strengthened
our digitalisation teams and are also boosting our research and
development teams with 3D printing experts as we explore the
potential for printing steel from steel powders. We believe the
steel industry offers interesting and complex challenges, and
ArcelorMittal an entrepreneurial, global environment in which to
grow and prosper.
“Undoubtedly there will be significant COVID-19 repercussions
for some time to come. But I do expect the fundamentals to reassert
themselves, for the world to continue with its development, to
continue to grow, to continue to want to give a better quality of
life to more people, and to continue to prioritise sustainability.
There will be challenges, as there are always challenges, but steel
has a critical role to play in the world of the future as it has in
the world of the past. And I am sure ArcelorMittal, as the world’s
leading and only global steel company, will continue to be a
material supplier of choice, inventing smarter steels for the
better world we all hope to see.”
Key highlights of ArcelorMittal’s sustainable development
approach and progress discussed in the review include:
·The steps the Company
is taking to address its carbon challenge, encapsulated in our
commitment to supporting the objectives of the Paris Agreement, and
our ambition to significantly reduce emissions across the group,
including a 30% reduction in carbon emissions in Europe by 2030,
and carbon neutrality in Europe by 2050.
- On overview of the first full year of Steligence®, our radical
new concept for the use of steel in construction. This facilitates
the next generation of high-performance buildings and sustainable
construction techniques. It is already proving highly successful,
having delivered 16 million m2 of building and nearly 500,000
tonnes of steel so far.
- The importance the Company places on R&D, insight into how
our $301 million R&D budget was allocated in 2019 and a
spotlight on our work with Canoo to create a disruptive new vehicle
for a world in which transportation is becoming increasingly
electric, shared and autonomous.
- How, in 2019, we avoided the emission of more than 11 million
tonnes CO2 in the cement industry through the sale of 15 million
tonnes of blast furnace slag for use as cement – 19% more than in
2018. In 2019, our absolute CO2e footprint for our steel and mining
operations saw a 4% decrease against 2018, and for our steel
operations, a 4.5% decrease.
- We are reducing our direct emissions from energy consumption.
In 2019, 44% of our electricity was generated from renewable
sources and through onsite generation.
- A summary of value creation for stakeholders in 2019, in the
Company’s value creation model. Examples include:
- $72.2 billion economic contribution.
- $4.5 billion total tax contribution.
- $30.3 million total community investment spend.
- Allocated a total of $711 million to 25 projects with energy
and/or carbon benefits.
- Approved a total of 38 projects with environmental benefits
totaling $692 million.
- 69 inventions newly protected and 42 sustainable products and
solutions launched, 11 of which accelerate sustainable lifestyles
and 31 of which support sustainable construction, infrastructure
and energy generation.
Ends
About ArcelorMittal
ArcelorMittal is the world's leading steel and
mining company, with a presence in 60 countries and an industrial
footprint in 18 countries. Guided by a philosophy to produce safe,
sustainable steel, we are the leading supplier of quality steel in
the major global steel markets including automotive, construction,
household appliances and packaging, with world-class research and
development and outstanding distribution networks.
Through our core values of sustainability,
quality and leadership, we operate responsibly with respect to the
health, safety and wellbeing of our employees, contractors and the
communities in which we operate.
For us, steel is the fabric of life, as it is at
the heart of the modern world from railways to cars and washing
machines. We are actively researching and producing steel-based
technologies and solutions that make many of the products and
components people use in their everyday lives more energy
efficient.
We are one of the world’s five largest producers
of iron ore and metallurgical coal. With a geographically
diversified portfolio of iron ore and coal assets, we are
strategically positioned to serve our network of steel plants and
the external global market. While our steel operations are
important customers, our supply to the external market is
increasing as we grow.
In 2019, ArcelorMittal had revenues of $70.6
billion and crude steel production of 89.8 million metric tonnes,
while own iron ore production reached 57.1 million metric
tonnes.
ArcelorMittal is listed on the stock exchanges
of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and
on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS). For more information about ArcelorMittal please
visit: http://corporate.arcelormittal.com/
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Contact information ArcelorMittal Investor
Relations |
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Europe |
+44 20 7543 1156 |
Americas |
+1 312 899 3985 |
Retail |
+44 20 7543 1156 |
SRI |
+44 207543 1156 |
Bonds/Credit |
+33 171 921 026 |
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Contact information ArcelorMittal Corporate
Communications |
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E-mail: |
press@arcelormittal.com |
Phone: |
+442076297988 |
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ArcelorMittal Corporate Communications |
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Paul WeighDan White |
+44 20 3214 2419+44 7468354695 |
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