- Global economic slowdown and volatile steel and iron ore prices.
- Energy supply and cost issues in Europe.
- Fragility of the Chinese economy.
- Excess capacity and oversupply in the steel industry.
- Unfair trade practices and import tariffs.
- Labor disputes.
- Disruptions to manufacturing processes and mining operations.
- Severe weather conditions and natural disasters.
- Volatility in raw material, energy, and transportation costs.
- Climate change and decarbonization challenges.
ArcelorMittal
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 117.8 Million tonnes (Adjusted absolute CO2e footprint) |
| 2019 | 24.7 million metric tons CO2e direct |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Commenced ethanol production from CCU project at Ghent, Belgium, reducing carbon emissions by 125,000 tonnes annually.
- Commissioned Torero plant in Belgium, converting waste wood into bio-coal, reducing annual carbon emissions by 112,500 tonnes.
- Reduced CO2 emissions intensity by 4.3% since 2018 (steel only).
- Reduced adjusted absolute emissions (Scope 1 and 2, steel and mining) by 22.2% compared with 2018.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce carbon emissions intensity by 35% in Europe and 25% globally by 2030 (Scope 1 and 2).
📅 Medium-term
- Achieve further reductions in carbon emissions intensity beyond 2030 targets.
🔭 Long-term
- Achieve carbon neutrality by 2050.
🌱 ESG Focus Areas
Decarbonization of the steel industrySafetySustainabilityHuman RightsCommunity EngagementResponsible Value Chains