"ArcelorMittal's net zero target is to achieve group-wide carbon emissions neutrality by 2050. Net Zero Tracker An interim target is set to reduce emissions by 25% relative to 2021 levels by 2030. Net Zero Tracker The company's environmental policy includes a roadmap to net-zero, which outlines five key levers: steelmaking transformation, energy transformation, increased use of scrap, sourcing clean electricity, and offsetting residual emissions. Net Zero Tracker Interestingly, ArcelorMittal plans to offset less than 5% of 2018's scope 1 and scope 2 emissions with 'high-additionality' credits to achieve the 2050 target. Net Zero Tracker In addition, you can check out …"
Carbon emissions are estimated according to comparable years, intensity and sector
benchmarks
Performance vs. Target
Note: Targets without baseline are ignored. In case several targets
exist, only the shorter-term target is
displayed.
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
Sector Benchmark
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG
emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1
million USD revenue).
Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary
business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer
Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and
Materials.
Last update for ArcelorMittal by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits
Yes
Separate targets for emission reductions and removals
No
Conditions on use of offset credits
No conditions specified
Plans for carbon dioxide removal (CDR)
Yes (CCS-based removals e.g. BECCS, DACCS)
Additional notes: Offsets: 'E. Offsetting residual emissions' (p27
CCS-based: 'Carbon capture, utilisation and storage infrastructure will take time to be built at scale. While Europe is expected to take the lead, CCUS infrastructure has the potential to expand quickly in the US and Canada – providing some potential upside to our assumptions' (p27)
"Plans to offset less than 5% of 2018 s1 and s2 emissions with 'high-additionality' credits, to achieve 2050 target." --> https://newclimate.org/sites/default/files/2023-02/NewClimate_CorporateClimateResponsibilityMonitor2023_Feb23.pdf
Score Summary
Ref
Principle
Score
(points)
Max
(points)
Delta
(points)
1
At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified
10.0
10.0
0.0
2
Scope 3 emissions are fully reported and externally-verified
5.0
10.0
0.0
3
CDP score demonstrates the level of transparent disclosures
9.0
10.0
0.0
Transparency
24.0
30.0
0.0
4
Net Zero Commitments by 2050 include an intermediate target and cover all the emissions
10.0
10.0
0.0
5
Net Zero targets demonstrate a high-level of emergency
0.0
10.0
0.0
6
Emission reduction targets on a forward-looking basis are ambitious
Is the company aligned with global climate targets?
ITR: 3.2°C
0.0 /
10.0
2.5
-2.5
Total
34.0 /
100.0
39.0
-5.0
Available Data Sources
Reporting Year
2022
2021
2021
2020
2020
2019
Source
Wikirate (NV)
Public
Wikirate (NV)
Public
Wikirate (NV)
Wikirate (NV)
Publication Year
2023
2023
unknown
2023
unknown
2020
Scope 1
112,900,000
131,100,000
131,100,000
140,400,000
140,400,000
169,700,000
Scope 2 - location-based
6,200,000
NA
7,500,000
NA
9,500,000
12,100,000
Scope 2 - market-based
NA
7,500,000
NA
9,500,000
NA
NA
Scope 1-2 - location-based
119,100,000
131,100,000
138,600,000
140,400,000
149,900,000
181,800,000
Scope 1-2 - market-based
NA
138,600,000
NA
149,900,000
NA
NA
Scope 3
6,100,000
8,100,000
8,100,000
9,800,000
9,800,000
13,400,000
Total - location-based
125,200,000
139,200,000
146,700,000
150,200,000
159,700,000
195,200,000
Total - market-based
NA
146,700,000
NA
159,700,000
NA
NA
Sources
Wikirate: Data from Wikirate.org.
Scope 1,
Scope 2 and
Scope 3
emissions metrics designed by Global Reporting Initiative
and contributed by the Wikirate community, adaptation by the Net0Tracker team, licensed under
CC BY 4.0. Wikirate-NV means non-verified
data sourced in Wikirate. See explanation here
Please refer to the library for viewing the supporting documentation