ArcelorMittal

"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 …"

Current Score (vs. LY)

39.0 pts (-)

Last Update: Dec. 12, 2023

Current Rankings

Global: #105

Materials: #4

80.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

31.3%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

8.3%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 131,100,000140,400,000169,700,000
Scope 2 - location-based NANA12,100,000
Scope 2 - market-based 7,500,0009,500,000NA
Scope 1-2 - location-based 131,100,000140,400,000181,800,000
Scope 1-2 - market-based 138,600,000 149,900,000 NA
Scope 3 8,100,0009,800,00013,400,000
Total - location-based 139,200,000150,200,000195,200,000
Total - market-based 146,700,000 159,700,000 NA

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 147,988,655146,700,000
Methodology Pre-calculated sector intensity (revenue)As reported

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

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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.

ArcelorMittal belongs to the sector Materials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2050

Science-based Targets (SBTI)

Date Published / Updated :01/02/2022

Near-term Long-Term Net Zero Standard
Removed No target No
Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for ArcelorMittal by zerotracker.net: Feb. 15, 2023
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

Data source from zerotracker.net - For more information, see methodology

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 -
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 -
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 -
Transparency 24.0 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 -
7 Targets are science-based as validated by SBTi 2.5 10.0 -
Commitments 12.5 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 2.5 10.0 -
Results 2.5 30.0 -
Total 39.0 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 -
Does the net zero target include all the emissions? yes 4.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2050 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? 2050 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Committed NA 2.5 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 2.7°C 2.5 / 10.0 -
Total 39.0 / 100.0 -


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

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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