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.
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.
Industry Benchmark
Arcelormittal's score of 35 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Arcelormittal's reported carbon emissions
In 2023, ArcelorMittal reported total carbon emissions of approximately 120,800,000,000 kg CO2e, with Scope 1 emissions at about 108,000,000,000 kg CO2e, Scope 2 emissions at approximately 6,400,000,000 kg CO2e (market-based), and Scope 3 emissions at around 6,500,000,000 kg CO2e. This reflects a commitment to reducing carbon emissions intensity, with a target of 25% reduction by 2030 for global operations, alongside a more ambitious 35% reduction target for European operations. The company has set a long-term goal of achieving net zero emissions by 2050, which was initially announced in September 2020. This commitment encompasses both Scope 1 and Scope 2 emissions, indicating a comprehensive approach to tackling its carbon footprint. In previous years, ArcelorMittal's emissions were significant, with 2022 emissions recorded at approximately 125,700,000,000 kg CO2e and 2021 emissions at about 147,300,000,000 kg CO2e. The company has demonstrated a consistent focus on reducing its environmental impact within the iron and steel sector, aligning with industry standards for climate action. ArcelorMittal's headquarters is located in Luxembourg (LU), and it continues to engage in initiatives aimed at enhancing sustainability and reducing greenhouse gas emissions across its operations.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| 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
Location emissions 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.
