ArcelorMittal Begins To Tackle Climate Change
Published: 20 April 2010
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7 pages, 4 figures
Executive Summary
This case study is one in a series of Verdantix reports on corporate climate change strategies. ArcelorMittal is the largest steel company in the world with operations in 28 countries. In 2008, ArcelorMittal launched a climate roadmap which includes targets for greenhouse gas reduction and a commitment to work with the EU steel industry on investment in technologies that will reduce the sector’s carbon emissions. To achieve these objectives, the firm has implemented a number of initiatives, including investments in energy efficiency improvements and in research & development of technologies such as carbon capture and storage. Required investments in efficiency improvements will depend on a pragmatic approach balancing business and environmental objections. In 2012, the firm will begin to face the costs of climate regulations such as the EU Emissions Trading Scheme, increasing the need to develop technologies for long-term carbon reductions.
TABLE OF CONTENTS
ARCELORMITTAL DEVELOPS CARBON REDUCTION PLAN
ArcelorMittal Establishes Clear Roadmap For Climate Strategy
Portfolio Of Initiatives Delivering Brand, Cost And Revenue Benefits
Challenges Ahead As The World Moves Towards A Low Carbon Economy
TABLE OF FIGURES
Figure 1. ArcelorMittal Develops Strategy With The Climate Change Roadmap
Figure 2. ArcelorMittal Corporate Responsibility Governance Structure
Figure 3. Emissions Per Tonne Of Steel Increased Between 2007-2008
Figure 4. Initiatives Support Multi-Faceted Approach To Climate Change
COMPANIES MENTIONED
CEMEX, Corus, DuPont, EDF Energy, Hewlett Packard, Gaz de France, Philips, Saarstahl, ThyssenKrupp