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ArcelorMittal

ArcelorMittal is a multinational steel company founded in 2006 and based in Luxembourg City, Luxembourg. The company is among the biggest steel producers in the world, manufacturing steel in 16 different countries and serving 150 countries around the globe. In 2022, it had around 154,000 employees and earned USD 80 billion in revenue, including USD 22 billion from joint ventures.

Summary

Arcelor Mittal ranks 51st overall and 30th in the Extractives sector. Its best performance is on governance and policy commitments. It has an opportunity to improve on its disclosure on embedding respect and human rights due diligence.

Arcelor Mittal is one of the 16 extractives companies that is a member of the EITI and transparently reports the tax and revenue payments for all countries in which it operates. The company also describes how it assigns responsibility for decision making around human rights and day-to-day implementation of its human rights policy commitments.

The company has an opportunity to disclose its due diligence process for identifying, assessing and mitigating human rights risks linked to its activities and locations of operation. It could also be more transparent around the process and outcomes of its grievance mechanism, and demonstrate engagement with workers and communities on human rights issues.

Ranking position: #51 /110
Total score: 19.6 /100

Measurement theme	Score	Rank (0-110)
Governance and policy commitments	#1 3.6 /10	#26
Embedding respect and human rights due diligence	#1 2.5 /25	#70
Remedies and grievance mechanisms	#1 3.5 /20	#58
Performance: Practices	#1 6.3 /25	#35
Performance: Responses	#1 3.8 /20	#36

Sector
Extractives	#30

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2020

This company is part of the SDG2000, the 2,000 most influential companies

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