ArcelorMittal has shown that not just meeting regulatory requirements is necessary but

extending them to “good corporate citizens” commitment is essential. ArcelorMittal is

keen to following best-practice guidelines in corporate governance, dealings with
shareholders, and disclosure and reporting transparency and quality. This business’s
corporate governance structure includes critical components such as shareholder rights
and investor dialogue. Furthermore, ArcelorMittal aim to act in the interests of every
one of their stakeholders through a corporate responsibility framework and constant
engagement with all stakeholders. This firm examine regulatory requirements and
business processes in the Luxembourg, United States and the European Union on a
regular basis in order to update their corporate governance practices and regulations as
needed.

This company pays close attention to stakeholders on a local and global level, as well as
recognizing a pattern of escalating expectations. This entails laying out what has to be
done now in order to safeguard and grow stakeholders value in the future. This entails
continuing to develop novel iron products and solutions whilst also keeping operating
standards that satisfy or exceed customer and investor expectations. This company also
assumes that steel must be the material of choice in the transition to a circular and low-
carbon economy, therefore sustainable development must be integrated into the
business.

Steel must be the material of choice in the transition to a circular and low-carbon
economy, therefore sustainable development must be integrated into the business.

In accordance this company’s human rights policy, Community Relations Procedure, and
other international commitments, they ensure that human rights principle are
integrated into all of their activities and that appropriate staff acquire up-to-date
education on individual rights.

With that being said, it is clear that ArcelorMittal present in that way to the public due
to the way they implement those social objectives into their products, staff,…

The most significant move ArcelorMittal undertook in 2020 was indeed a new
worldwide commitment to achieve net zero emissions before 2050. Next objectives
build upon early pledges in their export markets in Europe and acknowledge that, as a
corporate sector, they must step up efforts on decarbonization.
And we're making good progress with several commercial-scale pilot projects spanning
two low-emissions steelmaking routes – Smart Carbon and Innovative DRI. The first
projects are scheduled to go into production next year. We also unveiled our first three
XCarbTM projects to assist ourselves, our customers, and our industry in accelerating
low-carbon steelmaking. While ArcelorMittal is increasingly optimistic that these efforts
will result in carbon-neutral steel, they will have to be accompanied by positive policy
decisions if this firm is to attain net zero emissions.

In terms of wider ESG development, ArcelorMittal re-energized the SDC, that comes
once a quarter to supplement the ARCGS. They also continue to participate in both of
this industry's major standard-setting organizations: ResponsibleSteelTM and the
institute IRMA. This active involvement on the ResponsibleSteelTM board of directors,
as well as the organization's continued development, which includes coming up with a
new benchmark to provide customers with certainty much about the natural resources
being used and the carbon incorporated in verified steel industrial products is
something to be pleased of.

Apart from that, this company is working har to meet their sustainability goals:

⁃ Steel is an essential component of modern life. It's among the most essential
materials in construction, manufacturing and engineering with applications ranging from
less light electric automobiles to structures and aluminum cans. It is becoming a more
important enabler for emerging technologies and sustainable transportation and
logistics solutions including wind generators, solar panels, buildings with reduced
energy, and gas mechanisms. Its worth is also found in the recycling and reusing
economy, since its by-products aid in the decarbonization of other sectors, like reduced
carbon cement and coming biofuels. Steel certainly has an important role inside a
sustainable future, given its highly recoverable characteristics and recycled rates of
between 85 and 90 percent. Nonetheless, producing basic steel is a high-energy
operation. It remains a huge barrier to use renewable energy technology on a
commercial basis while remaining competitive. Today, this firms industry is responsible
for about 7-9 percent of global carbon pollutions. And, because demand for steel is
likely to rise as countries develop, we must produce the steel the planet requires in
methods that are compatible with a reduced carbon society. We think we have a duty to
give rise to initiatives to decarbonize the steel production process, specially in primary
steel, in order to meet the goals of the Paris Agreement. That's why, in 2019, they
released the first Climate Action Report, outlining the technologies this business is
developing to reduce carbon emissions in the production of steel. In the same year, we
made a commitment to cut CO2 emissions in their European operations by 30 percent
by 2030, and ArcelorMittal followed up with a report in 2020 outlining our strategy for
achieving this goal. They later announced a team goal of becoming carbon neutral
before 2050 in September. This company will release their next Climate Action Report in
the second period of the year 2021, that could explain ArcelorMittal 2030 objective and
specifics on how they aim to accomplish it. These objectives will necessitate a large
expenditure. In the associated report, we will offer further insights on the expenses
related with a team 2030 objective. We'll keep working with authorities, professionals,
business groups, and stakeholders to develop policies that satisfy these requirements.
Like this company is part of the Mission Possible Partnership, they are working on the
Net Zero Steel Initiative within Energy Transition Commission among others to figure
out how to get the steel sector to decarbonize. In this project, the firm aimed to build
agreements throughout the steel sector upon the concepts of evaluating scientific
objectives, which will help the Science based Target Initiative develop a new industrial
strategy.

⁃ A long-term aim is legislative improvement which achieves the high expectations

stakeholders want together while leveling the power balance for the whole industry in
that location. Stakeholders understand that they can't do everything at the same time in
every place, but they do want ArcelorMittal to treat these challenges seriously. This
company recognize the importance of sustainable management in retaining their
operating authorization and producing long-term profitability. They are, of course,
following a sustainable investment strategy. Their IAC allocated 396 million dollars to 32
environmental initiatives in 2020. These figures are lower than those reported in 2019.
Some of the drop may be attributed to Covid-19, but it also because it clearly indicates
that they have authorized two significant projects in that year. And this firm is working
on five-year strategies with specialized investment initiatives for their facilities that face
the most severe environmental issues, particularly in the CIS. If this firm reach that goal
on these sites over the next five years, it will have a significant impact on their total
impact.To that aim, over these last three years, their corporate area of environment has
worked with top management at some of this firm most challenging locations to
develop sustainable action plans. ArcelorMittal also meet with site executives on a
quarterly basis to review progress and next actions.

⁃ In the steelmaking process, water is a vital resource. However, because of their

sophisticated water recovery and reuse, they require very little fresh water. Net water
usage per unit of iron in 2020 was 2.4m3/t, up from 2.3m3/t in 2019. Due to a change in
methodology, the results for 2020 and 2019 have been restated. But this firm still
working with their R&D teams to come up with innovative techniques to minimize the
water usage (see box: Investing in R&D to lower our footprint). Meanwhile, their
operations are guided by local water circumstances. Our location in Tubaro, Brazil, for
example, is constructing a $17 million water system to ensure a more reliable water
supply for future operations. Brazil's Atlantic Forest. They have took place in two EU-
funded initiatives to promote larger industry measures to minimize water use. Both
looked into innovative technology and water control methods that may aid our sector in
reducing consumption, energy use, and waste generation. ArcelorMittal R&D
environmental team is presently analyzing the data, which will be completed in 2020.

Due to all of this, it has been clear that this company follows UN Global Compact
guidelines on Communication on Progress (COP) reporting and how sustainability
reports of the companies studied reflect their contribution to the SDGs.