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 37 is higher than 97% 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 significant carbon emissions, with total emissions of approximately 120,800,000,000 kg CO2e globally. This includes 108,000,000,000 kg CO2e from Scope 1 emissions and 6,400,000,000 kg CO2e from Scope 2 emissions. In Luxembourg, the company emitted about 173,000 kg CO2e from Scope 1, 92,000 kg CO2e from Scope 2, and 46,000 kg CO2e from Scope 3. ArcelorMittal has set ambitious climate commitments, aiming for a 25% reduction in carbon emissions intensity by 2030 for both global and European operations, specifically targeting Scope 1 and 2 emissions. The European target has been increased from a previous goal of 30% to 35%. Additionally, the company has committed to achieving net-zero emissions by 2050, a goal first announced in September 2020. These initiatives reflect ArcelorMittal's commitment to addressing climate change and reducing its carbon footprint in the steel industry, which is known for its high emissions. The company continues to work towards these targets while maintaining transparency in its emissions reporting.
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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.
