ArcelorMittal's Leadership Takes Bold Step with $10 Billion ESG Commitment
Encouraging news from ArcelorMittal, with its announcement over the last few days that it will invest $10 billion to cut global #carbon emissions by 25% by the end of the decade.
It’s taken some time for ArcelorMittal to put forward specifics around its ambitions: what it takes to deliver #sustainability transition on this scale is not for the fainthearted.
However, as a steel manufacturing giant, the company finds itself in a sector and position which has sizeable contribution to GHG #emissions.
Moreover, as a global leader, Arcelor Mittal is strongly suited not only to drive its own low-carbon and #circulareconomy solutions, lever #innovation in manufacturing to support its ambitions and invest in #technology to enable its targets to be met but also to act as champion in the sector, pressing for systemic change.
Aditya Mittal, ArcelorMittal’s Chief Executive Officer said “As the world’s most prolific material, steel can make a huge contribution to the #decarbonisation of the global economy.”
As the world’s largest steel manufacturer so, too, can ArcelorMittal shape a #sustainable #future.
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