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ArcelorMittal Recognized for Carbon-Reduction and Transparency Efforts

Friday, January 31, 2020
 

ArcelorMittal, operating as ArcelorMittal USA Inc. in the United States, reports that it has been recognized by the Carbon Disclosure Project (CDP) for its leadership on corporate transparency and action on climate change from among the more than 8000 companies worldwide scored on their 2019 disclosures. ArcelorMittal scored an A- in the 2019 CDP Climate Change assessment, an improvement from C in 2017, meaning that the company has now reached leadership level.

This puts ArcelorMittal among the top 11 percent of companies within its industry, and compares favorably against the global average of C and the metal smelting, refining and forming sector average of C, according to company officials.

Designed to harness the competitive spirit of business to raise ambition and spur action on corporate climate action, CDP scores thousands of companies that disclose climate data through its platform each year at the request of their corporate customers and investors.

The positive score reflects CDP’s assessment of ArcelorMittal’s global ambition to be carbon neutral by 2050, its disclosure of climate related financial risks and opportunities, and its work on a portfolio of low-emissions technologies designed to reduce carbon emissions. 

“To receive an A- from CDP is a strong validation of the work we have underway to address the risks of climate change and decarbonizing the steel industry,” says Alan Knight, corporate responsibility general manager at ArcelorMittal. “With the investments we’re making in new technologies and ground-breaking innovations, we are on the road to reaching our net zero target by 2050, in line with the Paris (climate-change) Agreement.”

 

See also: ArcelorMittal USA Inc.

Related Enterprise Zones: Materials/Coatings

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