Along with a robust business strategy in the United States, we have invested in a focused sustainability strategy that directly addresses business needs across the enterprise.
10 sustainable development outcomes
Our
10 sustainable development (SD) outcomes describe the business we need to become if we are to bring optimal value to all our stakeholders and drive our transformation into the steel company of the future. They were informed by the United Nations Sustainable Development Goals, particularly those most relevant to our business, and they support our strategic SD governance through the five themes.
5 themes
The Appointments, Remuneration, Corporate Governance & Sustainability Committee (ARCGS) of ArcelorMittal’s corporate Board oversees the company’s management of sustainable development issues against the 5 themes: health and safety, climate change, environment, customer reassurance and social. Product innovation drives the delivery of two of our SD outcomes, but this theme has separate oversight. The ARCGS reviews progress on a quarterly basis, with reporting on theme-by- theme dashboards and detailed sets of KPIs ensuring active, specific and robust governance. 2019 was our first full year of implementation of this ambitious new SD 5 themes governance system.
ArcelorMittal's sustainable development strategy
Driving value across the business
By integrating sustainability into our business and working with our stakeholders, we will drive financial, social and environmental value. Our 10 sustainable development outcomes are well aligned with the United Nations 17 Sustainable Development Goals (SDG)—the global articulation of what all organizations, companies and governments must work to achieve so people everywhere can enjoy a good quality of life. By pursuing ArcelorMittal’s 10 sustainable development outcomes, integrating sustainability into the business, and improving long-term value for our stakeholders, we are contributing to the SDGs in many ways.
Addressing the carbon challenge
ArcelorMittal is globally committed to transitioning to low-emissions steelmaking in line with the Paris Agreement. We believe the combination of our breakthrough technologies and the support of good public policy can make this transition a reality.
Innovations to support customers and society
Through world-class research and development, ArcelorMittal is offering customers innovative steels that make the most of steel’s qualities, boosting our high-added value product portfolio and helping our customers contribute to sustainable development.
High-performing people, in a high-performing organization
Finding, keeping and supporting the right people with the right skills will be central to our long-term success.
Anticipating and responding to key social and environmental trends
We need to listen to our stakeholders to operate responsibly and reduce our negative environmental impacts, working with local communities to support socioeconomic development and value creation.
Reassuring our customers through supply chain standards and certification
As a vertically-integrated business, our customers are dependent on the reliability of our internal supply chain to ensure they can meet their sustainability goals. Through ArcelorMittal’s global leading role in developing multi-stakeholder environmental and social standards, we’re working to reassure our customers that our products are responsibly made from trusted sources of raw materials.
IIRC’s Six Capitals-intersections with our business strategy
In pursuing an integrated report, ArcelorMittal acknowledges how the Six Capitals model pioneered by the International Integrated Reporting Council (IIRC) connects directly to our business strategy. This model includes an analysis of financial capital, manufactured capital, intellectual capital, social and relationship capital, human capital and natural capital. By integrating these capitals into our business strategy, we work to create a balanced business model that emphasizes outcomes beyond just our financial sustainability. The Six Capitals directly outline the ways in which our business strategy adds long-term value for our stakeholders.
