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ArcelorMittal Outlines Corporate Responsibility Performance in Report
05/10/2012 - ArcelorMittal published its Corporate Responsibility (CR) report for the 2011 financial year, detailing highlights such as a fourth successive year of improvement in its health and safety record: its Lost Time Injury Frequency Rate fell to 1.42 days per million hours worked, a 20% reduction compared to 2010.
ArcelorMittal published its Corporate Responsibility (CR) report for the 2011 financial year, detailing recent progress made by the steel and mining company against its responsible business and sustainable growth plans.
Highlights of this latest CR Report include a fourth successive year of improvement in ArcelorMittal’s health and safety record: its Lost Time Injury Frequency Rate fell to 1.42 days per million hours worked, a 20% reduction compared to 2010.
The company also rolled-out its S-in-motion steel product for the automotive industry, which has the potential to deliver a 15% reduction in emissions while the vehicle is being made, and a further 13.5% while it is being driven.
ArcelorMittal reported investments of $306 million into researching and developing new products to support a low carbon world and an investment of $329 million into environmental capital expenditure.
A reduction in its CO2 output per tonne of steel was another highlight—down to 2.09 tonnes from 2.15 tonnes in 2010, moving toward the company’s target of an 8% reduction by 2020 against a 2007 baseline.
In 2011, the company held its first global health week with over 103,000 employees and contractors participating in activities. In addition, more than 147,000 employees were trained on the human rights policy.
“With industry leadership comes responsibility—responsibility to our employees and contractors; to our shareholders and customers; to the environment; and, not least, to the communities in which we operate,” said Lakshmi N. Mittal, Chairman and CEO, ArcelorMittal. “I hope the 2011 CR Report demonstrates that we are delivering against this responsibility by making tangible progress against key targets, particularly in the all-important area of health and safety.”
Other key elements of ArcelorMittal’s CR performance in 2011 include commissioning Deloitte to provide assurance over the report and conduct the first-ever external verification of the Group’s CO2 footprint, providing a benchmark against which to measure emissions performance in future years. The company also reports that 98% of its steel operations have now been certified against the ISO 14001 international standard for environmental management systems, up from 95% in 2010.
This year also saw ArcelorMittal’s CR reporting improve to level B+ in the application of the Global Reporting Initiative (GRI) G3.1 guidelines, due to increased disclosures.
ArcelorMittal has been a member of the Extractive Industries Transparency Initiative (EITI) since January 2009 and is an active participant in the World Business Council for Sustainable Development (WBCSD). The company is also a signatory of the United Nations Global Compact (UNGC) and a member of the CSR Europe network.
With a presence in more than 60 countries, ArcelorMittal is the leader in all major global carbon steel markets, including automotive, construction, household appliances and packaging, with leading R&D and technology. In 2011, ArcelorMittal had crude steel production of 91.9 million tonnes, representing approximately 6% of world steel output. The Group's mining operations produced 54 million tonnes of iron ore and 8 million tonnes of metallurgical coal.
