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 50 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Arcelormittal's reported carbon emissions
In 2024, ArcelorMittal reported total carbon emissions of approximately 101,900,000,000 kg CO2e for Scope 1 and 2, alongside 480,000,000 kg CO2e for Scope 3 emissions. This represents a significant commitment to reducing their carbon footprint, with a target to achieve net-zero emissions by 2050. In 2023, the company disclosed emissions of 173,000 kg CO2e for Scope 1, 92,000 kg CO2e for Scope 2, and 46,000 kg CO2e for Scope 3 in Luxembourg (LU). The global emissions for Scope 1 and 2 were reported at approximately 98,500,000,000 kg CO2e, indicating a robust approach to tracking and managing emissions across various scopes. ArcelorMittal has set ambitious reduction targets, aiming for a 25% decrease in carbon intensity by 2030 from a 2018 baseline of 2.90 tonnes CO2e per tonne of crude steel, reducing it to 2.16 tonnes CO2e per tonne. Furthermore, the company plans to achieve an 86% reduction by 2050, targeting 0.40 tonnes CO2e per tonne of crude steel. Notably, the company has achieved a 46% reduction in absolute Scope 1 and 2 emissions by 2024 compared to 2018 levels, decreasing from 188 million tonnes to 102 million tonnes. This commitment to sustainability is further reinforced by their participation in initiatives such as the Science Based Targets initiative (SBTi) and their alignment with global climate action frameworks. Overall, ArcelorMittal's climate commitments reflect a proactive stance in addressing climate change, with a clear roadmap for significant emissions reductions in the coming decades.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 000,000,000,000 | - | - | - |
| Scope 2 | - | - | - | 0,000,000,000 | - | 00 | - |
| Scope 3 | - | - | - | 0,000,000,000 | - | - | 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 participating in some of the initiatives that 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.
