Safety is our priority: committed to reach zero harm

  • Following full review of every aspect of safety a multi-pronged action plan has been deployed, building on and supporting the considerable policies and processes already in place

  • Global H&S team strengthened

  • Group's H&S policy, standards and golden rules updated: comprehensive and effective dissemination throughout the Company is being actioned

  • Safety training & mentoring upgraded: leadership presence on the shop floor now mandatory and central to day-to-day performance reviews

  • Instituted a "quarantine" for operations that have experienced a serious incident or deemed at risk of such an incident

  • Remuneration links to H&S strengthened: 50% increase in the STI link to safety performance (with fatalities acting as a circuit breaker); Safety target in STIP increased to 15%, and LTIP to 10%; ESG objectives included in LT incentive plans

Health and safety performance (LTIF)*

3.5

3.0

2.5

2.0

1.5

1.0

0.5

0.0

2007

2008

2009

2010

2011

2012

2013

2014

2015

Global Health & Safety Day on April 28, 2022

* LTIF = Lost time injury frequency defined as Lost Time Injuries per 1.000.000 worked hours; based on own personnel and contractors; A Lost Time Injury (LTI) is an incident that causes an injury that prevents the person from returning to his/her next scheduled shift or work period. Figures presented for LTIF rates exclude ArcelorMittal Italia in its entirety and from 2021 onwards exclude ArcelorMittal USA following its disposal in December 2020. (Prior period figures have not been recast for the ArcelorMittal USA disposal); STI/LT refers to short term / long term incentive plan

2016

2017

2018

2019

2020

2021

1Q22

Sustainability governance

Sustainable development underpins ArcelorMittal's purpose

  • Board oversight of SD progress each quarter by New Board Sustainability

    Committee → three independent directors, chaired by Clarissa Lins

  • Five sustainability themes used to ensure Board focus on all key aspects of sustainability over the year, via dashboards, progress reports

  • 10 SD outcomes provide framework for SD planning by business operations

  • Accountability for SD is led by the Executive Officer, Business Optimisation, reporting directly to the Executive Office

  • ResponsibleSteel and IRMA certification program to drive strong, consistent ESG management systems across business

Our 10 SD outcomes

  • 1. Safe, healthy, quality working lives for our people

  • 2. Products that accelerate more sustainable lifestyles

  • 3. Products that create sustainable infrastructure

  • 4. Efficient use of resources and high recycling rates

  • 5. Trusted user of air, land and water

  • 6. Responsible energy user that helps create a lower carbon future

7.

Supply chains that ourcustomers trust

  • 8. Active and welcomed member of the community

  • 9. Pipeline of talented scientists and engineers for tomorrow

  • 10. Our contribution to society measured, shared and valued

Underpinned by transparent good governance

10 SD outcomes = ArcelorMittal's equivalent of 17 UN SDGs

Building a better world with smarter steels

ArcelorMittal's solutions enable customers to enhance their contribution to low carbon circular economy

  • Steel is as relevant as ever to the future success of our world: reusable, recyclable, strong and durable.

  • We are evolving the contribution steel can make, innovating to make our solutions smarter and increasingly sustainable.

Steligence ® enables architects and engineers to design building solutions that minimise material use while maximising space, flexibility and end of life recyclability

Magnelis® enhanced corrosion resistance for solar projects in harsh conditions, even in deserts and on water. Projects globally including PV and CSP structures

S-in motion® offers solutions for electric vehicles including body-in-white, chassis and battery pack, enabling carmakers to extend drive range and enhance safety at the most affordable cost.

Climate Leadership: Successful first year for initial two XCarb™ offers

Two XCarb that respond to customer demand for low carbon steel, covering both primary and secondary steelmaking

XCarb green steel certificates enable customers to reduce their Scope 3 emissions'

XCarb recycled and renewably produced offers customers steel with an extremely low CO2 footprint

Growth of XCarb® green steel certificates (Mt)

0.6

2021

2022 run-rate

XCarb® green steel certificates, verified by an independent auditor, directly relate to CO2e savings from the Group's investments in decarbonization technologies implemented across a number of its European sites

Growth

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ArcelorMittal SA published this content on 06 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2022 15:49:07 UTC.