Luxembourg, July 2008 - ArcelorMittal announces the publication of its inaugural Corporate Responsibility Report for the year ending 2007: "Taking Responsibility for Transforming Tomorrow". The report is available at www.arcelormittal.com > Corporate Responsibility
Following on from the publication of a Corporate Responsibility review in January 2008, ArcelorMittal has published a more detailed report describing the approach and objectives over the coming years to address new challenges for the steel industry.
The report is based around ArcelorMittal's four pillars of corporate responsibility: Workplace, Environment, Communities, and Governance.
Highlights of the report include:
Workplace
US$ 216 million invested in safety measures in 2007;
A reduction in lost time incident rate on the previous year;
Rolled-out new safety standards, 'golden rules' and behavioural safety audit programme; and
Doubled the ArcelorMittal University budget in 2008 supported by new training, development and performance management initiatives.
Environment
US$ 306 million invested in environmental measures in 2007;
Increased level of environmental management certification across the Group;
US$ 214 million investment for Research & Development in 2007, including products for the renewable energy market; and
Increased use of High Strength Steels for construction and automotive sectors delivering savings in carbon dioxide emissions.
Communities
Socio-economic studies completed for our greenfield projects in India;
Social action programmes underway in Liberia and Senegal; and
In 2007, the ArcelorMittal Foundation supported 587 projects with a monetary value of US$ 47.9 million.
Governance
New corporate responsibility committees and governance structure in place;
Continued training in the Group Code of Business Conduct for all employees; and
High rankings in 2007 external metals and mining investor relations studies recognising good shareholder dialogue (1st by buy-side; 3rd among sell-side analysts).
Commenting on the launch of the new report, Gonzalo Urquijo, Member of ArcelorMittal's Group Management Board, in charge of Corporate Responsibility, said:
"This new report underlines our commitment to making Corporate Responsibility an everyday part of the way we do business. The process of annual reporting will help provide greater transparency and accountability to our key stakeholders, including our employees, customers, investors and more broadly the communities in which we operate."
About ArcelorMittal
ArcelorMittal is the world's largest integrated metals and mining company, with over 310,000 employees in more than 60 countries.
ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in over 20 countries across 4 continents exposes the company to all the key steel markets, from emerging to mature.
ArcelorMittal key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris ( MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
Following on from the publication of a Corporate Responsibility review in January 2008, ArcelorMittal has published a more detailed report describing the approach and objectives over the coming years to address new challenges for the steel industry.
The report is based around ArcelorMittal's four pillars of corporate responsibility: Workplace, Environment, Communities, and Governance.
Highlights of the report include:
Workplace
US$ 216 million invested in safety measures in 2007;
A reduction in lost time incident rate on the previous year;
Rolled-out new safety standards, 'golden rules' and behavioural safety audit programme; and
Doubled the ArcelorMittal University budget in 2008 supported by new training, development and performance management initiatives.
Environment
US$ 306 million invested in environmental measures in 2007;
Increased level of environmental management certification across the Group;
US$ 214 million investment for Research & Development in 2007, including products for the renewable energy market; and
Increased use of High Strength Steels for construction and automotive sectors delivering savings in carbon dioxide emissions.
Communities
Socio-economic studies completed for our greenfield projects in India;
Social action programmes underway in Liberia and Senegal; and
In 2007, the ArcelorMittal Foundation supported 587 projects with a monetary value of US$ 47.9 million.
Governance
New corporate responsibility committees and governance structure in place;
Continued training in the Group Code of Business Conduct for all employees; and
High rankings in 2007 external metals and mining investor relations studies recognising good shareholder dialogue (1st by buy-side; 3rd among sell-side analysts).
Commenting on the launch of the new report, Gonzalo Urquijo, Member of ArcelorMittal's Group Management Board, in charge of Corporate Responsibility, said:
"This new report underlines our commitment to making Corporate Responsibility an everyday part of the way we do business. The process of annual reporting will help provide greater transparency and accountability to our key stakeholders, including our employees, customers, investors and more broadly the communities in which we operate."
About ArcelorMittal
ArcelorMittal is the world's largest integrated metals and mining company, with over 310,000 employees in more than 60 countries.
ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in over 20 countries across 4 continents exposes the company to all the key steel markets, from emerging to mature.
ArcelorMittal key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris ( MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
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