Sustainability and business results align in “Innovating for Impact,” ArcelorMittal’s 2018 United States Integrated Report
ArcelorMittal announces the publication of its annual United States Integrated Report, Innovating for Impact. This marks ArcelorMittal’s tenth year of reporting on our corporate responsibility and sustainability initiatives in the United States. This integrated report continues our dedication to transparency and directly connecting our 10 sustainable development outcomes with our business outcomes and financial drivers.
“Innovation and sustainability are at the core of ArcelorMittal’s business strategy. Just as our products are the material of choice for more sustainable lifestyles, we continue to make progress toward elevating the sustainability of our operations," said John Brett, president and chief executive officer, ArcelorMittal USA. "Our work in sustainability is made possible through innovation, which drives us to continually improve the experiences of our employees, strengthen our operational processes and revolutionize our products. Our 2018 United States Integrated Report demonstrates how we innovate for impact.”
Highlights of the 2018 United States Integrated Report include:
Achieved our best-on-record lost time injury (LTI) frequency rate of .66, which includes full-time employees and contractors at ArcelorMittal USA LLC facilities, Monessen and AM/NS Calvert – a 31 percent improvement over 2017
Produced 14.9 million tons of raw steel and invested $348 million for the ArcelorMittal USA business unit and $44 million for joint venture AM/NS Calvert to enhance production capabilities and improve efficiency
Contributed $10.7 billion in total economic impact, including more than $2.3 billion in employee wages and benefits alone at ArcelorMittal USA LLC facilities and AM/NS Calvert. This does not include expenses related to active and inactive pension and retiree health care.
Implemented 30 energy projects with enough energy savings to power 11,600 homes for a year
Spent $285 million with Diversity Enterprises in the United States – a 9 percent increase over 2017
Contributed $6.9 million in community investment in the U.S., including cash grants and company matching gifts – more than 40 percent in support of education, particularly science, technology, engineering and math (STEM)
“Our products have the opportunity to significantly improve modern lives. We also recognize that the process of making steel and securing the raw materials required to do so can inevitably have negative impacts,” said William C. Steers, president, ArcelorMittal USA Foundation and Corporate Responsibility Governance Board. “The key to addressing all of our impacts, both our opportunities and our challenges, is innovation. By implementing the initiatives associated with our 10 sustainable development outcomes, we are putting innovation into practice.”
The scope of the 2018 integrated report includes all of ArcelorMittal’s wholly-owned operations located in the United States as well as joint ventures where ArcelorMittal holds a meaningful ownership percentage. In the United States, ArcelorMittal facilities, offices and joint venture partnerships can be found in 15 states and the District of Columbia.
In support of the company’s efforts to minimize its impact on the environment, the 2018 integrated report is available online to all stakeholders within the sustainability section of usa.arcelormittal.com. The report can be viewed completely online or downloaded in its entirety as a PDF.
The 2018 integrated report aligns with the content elements suggested by the International Integrated Reporting Framework and the International Integrated Reporting Council (IIRC). Wherever possible, data also aligns with the Global Reporting Initiative (GRI) guidelines. This report and its indicators also align with Sustainability Accounting Standards Board (SASB) for the Metals and Mining sector. Environmental data captured in this report aligns with ArcelorMittal’s Basis of Reporting and in some cases U.S. EPA regulations.
ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.
Through our core values of sustainability, quality and leadership, we operate responsibly with respect to the health, safety and well-being of our employees, contractors and the communities in which we operate. For us, steel is the fabric of life, as it is at the heart of the modern world from railways to cars and washing machines. We are actively researching and producing steel-based technologies and solutions that make many of the products and components people use in their everyday lives more energy efficient.
We are one of the world’s five largest producers of iron ore and metallurgical coal. With a geographically diversified portfolio of iron ore and coal assets, we are strategically positioned to serve our network of steel plants and the external global market. While our steel operations are important customers, our supply to the external market is increasing as we grow. In 2017, ArcelorMittal had revenues of $68.7 billion and crude steel production of 93.1 million metric tons, while own iron ore production reached 57.4 million metric tons.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). For more information about ArcelorMittal please visit corporate.arcelormittal.com or usa.arcelormittal.com.