ArcelorMittal S.A.

ArcelorMittal publishes its 2023 Integrated Annual Review

23 April 2024, 15:00 CET

Today, ArcelorMittal (‘the company’) published its 2023 Integrated Annual Review (‘IAR’), which can be accessed here annualreview2023.arcelormittal.com.

The 2023 IAR, ‘Preparing for the future’, is structured in nine main chapters:

• Our business and material issues
• Driving change in our safety performance
• Responsible energy use and lower-carbon futures
• Air, water, land, biodiversity and ecosystems
• Delivering a circular economy through innovation
• Value chains our stakeholders trust
• Attracting, retaining and developing our people
• Communities and Just Transition
• Governance and risk management
  
  

New disclosures include:

• An update on further work done to evaluate physical and transition climate-related risks and opportunities, aligned with current and upcoming regulation.
• The progress made to better understand our scope 3 emissions and our engagement with suppliers.
• An update on the certification of our sites to leading third party multi-stakeholder ESG standards such as ResponsibleSteel.
• Progress we have made in advancing our Diversity and Inclusion (D&I) roadmap.
• Our Just Transition framework including the approach and principles for a just transition.
• The EU Taxonomy report where we are reporting “substantial contribution” to climate change mitigation for revenues, capex and opex for the first time. 

Commenting Aditya Mittal, CEO, ArcelorMittal, said:

“I recognise that for most people reading the IAR we have published today, safety is likely the most important issue on the agenda. I share this focus. In December 2023, we launched a comprehensive independent safety audit that is expected to deliver findings in the latter part of the year. While we carry out audits on a regular basis, none have been as exhaustive or ambitious in their scale and reach. We recently published a first interim update on the work completed in the independent audit so far.

“The benefits of running assets safely are widespread. The safest assets reflect not only an excellent safety culture, but more broadly a culture of care and attention to every detail, where employees speak up, support each other and work together as a team to embrace opportunities and successfully confront challenges. This is the culture we need across all our operations if we are to deliver on our purpose of 'Smarter steels for people and planet.'