Menu My space
Global Automotive & Mobility Solutions

ArcelorMittal ranked at global leadership level on climate action

 

Company maintains A- CDP grade for second consecutive year

December 2020

ArcelorMittal has once again been recognised by CDP for its strong performance in corporate transparency and action on climate change. ArcelorMittal successfully retained its A- score in the 2020 CDP Climate Change assessment, putting the company within the top quartile of all metal smelting, refining and forming companies and the top 10% of the steel industry.

CDP, a not-for-profit charity that runs a global disclosure system for investors, companies, cities, states and regions, scores thousands of companies which disclose climate data through its platform each year. By doing so, the competitive spirit of business to raise ambition and spur action on corporate climate action is harnessed for positive change. 

ArcelorMittal’s A- grade is testament to the company’s efforts and contributions towards building a thriving economy that works for people and the planet in the long term. The grade compares favourably to the global average D grade for metal smelting, refining and forming companies, and C grade for the steel sector specifically. ArcelorMittal’s efforts are further reflected in the A grade scores achieved for governance, disclosure of climate related financial risk and opportunities, strategy and planning and emissions reduction initiatives.

Earlier this year, the company announced a group-wide commitment to becoming carbon neutral by 2050, while it is targeting a reduction of 30% by 2030 in its European business. ArcelorMittal recognises the important role of disclosing climate related financial risks and opportunities in achieving this goal, as well as developing the company’s two low-emissions technology pathways, Smart Carbon and Innovative DRI.

 

“Receiving an A- from CDP for the second consecutive year is testament to the significant efforts we are making to lead the industry’s efforts to decarbonise steelmaking. Having previously outlined our commitment to the objectives of the Paris agreement, earlier this year we set ourselves the target of being carbon neutral by 2050. To achieve this, we are developing a broad range of ground-breaking, low-emissions steelmaking technologies, with several industrial-scale projects across our European operations at an advanced stage. Our target is ambitious and will be challenging. Meeting it will require a supportive policy framework, but the progress with have made with our technologies provides us with confidence that we are on the right path.”

Brian Aranha, Executive Vice President and Head of Strategy, CTO, R&D, CCM, Global Automotive, Communications and Corporate Responsibility

 

The full list of companies assessed, as well as other publicly available climate change scores are available on CDP’s website

 

Discover ArcelorMittal's smart carbon technology and climate actions

You may also be interested in

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.