Public Profile

Arcelormittal

ArcelorMittal, a leading global steel and mining company, is headquartered in Luxembourg (LU) and operates across major regions including Europe, the Americas, Asia, and Africa. Founded in 2006 through the merger of Arcelor and Mittal Steel, the company has since established itself as a key player in the steel industry, focusing on the production of flat and long steel products, as well as mining operations. With a commitment to sustainability and innovation, ArcelorMittal offers a diverse range of high-quality steel solutions that cater to various sectors, including automotive, construction, and energy. The company is recognised for its advanced technologies and efficient production processes, which enhance its competitive edge in the market. As one of the largest steel producers worldwide, ArcelorMittal continues to achieve significant milestones, reinforcing its position as a leader in the industry.

DitchCarbon Score

How does Arcelormittal's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

39

Industry Average

Mean score of companies in the Iron and Steel Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

2

Industry Benchmark

Arcelormittal's score of 39 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.

97%

Arcelormittal's reported carbon emissions

In 2023, ArcelorMittal, headquartered in Luxembourg (LU), reported carbon emissions of approximately 173,000 kg CO2e for Scope 1, 92,000 kg CO2e for Scope 2, and 46,000 kg CO2e for Scope 3. This follows their 2022 emissions, which were 164,000 kg CO2e for Scope 1, 37,000 kg CO2e for Scope 2, and 45,000 kg CO2e for Scope 3. The company has set ambitious climate commitments, including a global carbon emissions intensity reduction target of 25% by 2030 for Scope 1 and 2 emissions. Additionally, they have increased their European target to a 35% reduction from a previously announced 30%. ArcelorMittal aims for net-zero emissions by 2050, a commitment first announced in September 2020. These targets reflect the company's proactive approach to addressing climate change within the iron and steel industry, aligning with global efforts to reduce greenhouse gas emissions.

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201820192020202120222023
Scope 1
-
-
-
000,000,000,000
000,000,000,000
000,000,000,000
Scope 2
-
-
-
0,000,000,000
0,000,000,000
0,000,000,000
Scope 3
-
-
-
0,000,000,000
0,000,000,000
0,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Arcelormittal's primary industry is Basic iron and steel and of ferro-alloys and first products thereof, which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Arcelormittal is headquartered in LU, which has a rank of very low, indicating very low grid carbon intensity.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Arcelormittal is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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