Menu My space
Global Automotive & Mobility Solutions

ArcelorMittal ranked best steel company for low carbon innovations

 

ArcelorMittal has been ranked first in the world in five categories relating to steel companies’ readiness for a low carbon transition.

In a report released on 31 July 2019, ArcelorMittal ranks first in the Carbon Disclosure Project (CDP) report ‘Melting Point’, in the categories of low carbon innovations, transition opportunities, data transparency, renewable energy use and board and executive climate management.

ArcelorMittal ranked second place overall in the latest report from the Carbon Disclosure Project (CDP), which ranked 20 of the largest and highest-impact publicly listed steel companies worldwide. ArcelorMittal ranked fifth in CDP’s 2016 report.

The new report is based on detailed analysis across a range of carbon and transitional indicators which could have a significant impact on company performance. The league table is designed to serve as a proxy for business readiness in an industry which will face increasing challenges as governments increase efforts to implement the Paris Agreement.

Key highlights include:

  • Transition opportunities – ArcelorMittal is ranked first for investing in a suite of radical and transformative technologies including Carbon2value, SIDERWIN, IGAR and Torero with significant decarbonisation potential.
  • Data transparency – ArcelorMittal is ranked first for having the most comprehensive emissions and energy disclosures of its peer group, reporting emissions according to Worldsteel’s guidelines
  • Low carbon innovations – ArcelorMittal is ranked first for pioneering a number of breakthrough technologies such as the SIDERWIN project to produce iron ore via electrolysis. The report also highlights our $65 million investment on an industrial scale DRI hydrogen-based plant in Hamburg.
  • Renewable energy use – ArcelorMittal is ranked first with a number of renewable assets including 75MWe solar capacity, for multiple PPAs to acquire solar and wind power and for actively exploring the potential for further PPAs to supply its steel plants.
  • Board and executive climate management – ArcelorMittal ranked first and recognised for having a sustainability committee at a board level overseeing the company’s sustainability issues and low-carbon transition strategies.
  • Climate governance and strategy – ArcelorMittal is ranked second and is recognised for our ambition to be carbon neutral in its Europe operations by 2050 and for officially supporting the TCFD and other climate initiatives in the industry

Alan Knight, Corporate Responsibility General Manager, at ArcelorMittal, says: “While steel has a lower carbon intensity that many other materials, the large volumes produced globally mean that the industry emits more than three gigatons of CO2 annually. With the demand for steel ever increasing, we know we have a role to play and a clear responsibility to significantly reduce the carbon footprint of steel.”

Knight says: “We’re very pleased that the CDP League Tables have recognised our efforts, with our ranking going up from fifth to second place. We are trialling new technologies in our steel plants, making significant investments in R&D and working with our customers to provide the most sustainable products.”

Knight continues “We know that there is more work to be done to achieve our ambition of being carbon neutral in Europe by 2050, and to significantly reduce our carbon emissions worldwide. Working with stakeholders to create supportive policies to ensure a global level playing field, access to renewable energy at affordable process and access to finance will be critical in achieving greater impact.”

  • ArcelorMittal's Climate Action report

     

    ArcelorMittal recently published its first Climate Action report in which it announced its ambition to significantly reduce COemissions globally and be carbon neutral in Europe by 2050. To achieve this goal the company is building a strategic roadmap linked to the evolution of public policy and developments in low-emissions steelmaking technologies. A target to 2030 will be launched in 2020, replacing the company’s current target of an 8% carbon footprint reduction by 2020, against a 2007 baseline. You can read more here.

Read more about our smart carbon technologies

 

You may also be interested in

Explore our best-in class steel solutions

Search our products

Create your personal catalogue

By strength

0MPa 2000MPa
0MPa 2000MPa

By product reference




Results


Strength

700 500 MPa 2000 MPa

Tailor your ArcelorMittal Automotive web experience

I am ...

I am especially interested in information about automotive steel for…

My ArcelorMittal Automotive space

This is your personal space on ArcelorMittal's global automotive website. You can keep your favorite ArcelorMittal automotive web pages and documents in a safe place

My space

Configure this website

If you want, you can tailor your web experience on this automotive website to your personal needs. By selecting your job profile and/or region (both optional) you enable us to personalize the content you see on this website.
No matter which job profile or region you select, you will always have unlimited access to all the information on this website. The only thing that changes is that you will be offered more tailored content. As well as your profile and region, we also use your browsing history on this website to remember your personal preferences and identify the most appropriate content for you.
We are confident that this will help you to find the inspiration you are looking for on the ArcelorMittal automotive website.