We regard integrity and reputation as key assets that must be preserved at all times, and aim to comply fully with our obligations as the site of a listed company that provides clear global direction and policies for each site to follow.

Demonstrating responsibility and respect for our colleagues and all stakeholders, and actively listening and responding to their concerns, is central to our business. Our code of business conduct sets out the standards of behaviour we expect from our directors, officers, and employees, and anyone who acts on our behalf.

Compliance is becoming more demanding, and the voluntary codes driven by stakeholders or regulated by law are broadening the scope of what governance covers. For example, disclosure of how we implement human rights and environmental standards, and how we plan to align with the Paris agreement on climate change, are all now part of good corporate governance.  

So, while compliance with regulations is a core responsibility, this alone is not enough. Organizations today must strive to create a positive culture in which everyone wants and knows how to do the right thing. 

Sustainable development governance

We understand that fully integrating sustainable development (SD) into the business is essential to creating long-term value for ArcelorMittal's shareholders and other stakeholders, while maintaining a profitable market share.

Our progress at our site and on specific projects is overseen by our local and regional senior management as well as the ArcelorMittal Board. 

The ArcelorMittal Board of Directors is ultimately accountable for our sustainable development performance and strategic direction.

Sustainable Development is integrated into ArcelorMittal's annual business plan and our Environmental Social Governance (ESG) Management System is reviewed annually by our site's Senior Leaders (Executive Team). 

Climate governance

The company’s response to climate change is coordinated and progressed at senior management level by the Group Climate Change and Environment Committee (CCEC), chaired by one of the five executive officers of the group. Updates on segment plans are provided by the Group CO2 Technology Committee, and on stakeholder expectations and engagement by the ArcelorMittal Dofasco communications, sustainability, strategy, commercial and government relations and trade teams.

Sustainable development risk management

We take into account risks that can affect our business and our stakeholders, including those arising from not achieving our environmental, social and ethical objectives. Risks are identified through several processes, including an annual Materiality Assessment, and considered by ArcelorMittal Dofasco's Senior Leaders (Executive Team), and subsequently ArcelorMittal's Senior Leaders.

Sustainable development reporting and disclosure

At a global level our forward-looking approach to sustainability, how it links to our financial objectives as well as our progress each year through ArcelorMittal's Integrated Annual Review. Key issues are addressed in the quarterly Sustainable development leadership review. In addition, a comprehensive list of sustainability metrics are published in a Factbook annually. Recently the second Climate Action report (CAR2) was published, given the particular importance of this topic to our ability to create value.

At a regional level, we publish an annual North American Sustainability report, which provides disclosure against several Global Reporting Initiative (GRI) measurements, as well as our plans to reach our climate action goals. At a site level, we will begin publishing an annual fact book to correspond with the publishing of the North America Sustainability Report (June of each year).