Responsible Business, Sustainable Growth - ArcelorMittal outlines corporate responsibility performance in its latest report
Luxembourg, 9 May 2012 - 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:
- 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
- The roll-out of S-in-motion - ArcelorMittal's catalogue of steel solutions 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
- 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
- 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. 98 per cent of the company's steel operations have now been certified against the ISO 14001 international standard for environmental management systems, up from 95 per cent in 2010.
This year also saw ArcelorMittal's CR reporting improve to level B+ in the application of the Global Reporting Initiative (GRI) G3.1 guidelines, due to increased disclosures.
2011 is also the year that ArcelorMittal Orbit rose from the ground at the heart of the London 2012 Olympic Park. This striking 114.5 metre „living sculpture' that will be formally unveiled this week, is a demonstration of the strength and versatility of steel. The steel is sourced from ArcelorMittal plants from around the world with 57 per cent coming from recycled sources. Steel is the world's most recycled and recyclable material and, as the world's largest steel producer, in 2011 ArcelorMittal saved approximately 40 million tonnes of CO2 through the re-use of more than 30 million tonnes of scrap.
ArcelorMittal has been a member of the Extractive Industries Transparency Initiative (EITI) since January 2009 and is an active participant in the World Business Council for Sustainable Development (WBCSD). The company is also a signatory of the United Nations Global Compact (UNGC) and a member of the CSR Europe network.
ArcelorMittal's full CR report for the 2011 financial year, Responsible Business, Sustainable Growth, can be accessed at: www.arcelormittal.com > Corporate responsibility.