Our ambition in ArcelorMittal Europe is to be a carbon-neutral steelmaker by 2050, in line with the terms of the 2015 Paris Agreement on climate change. We have announced this ambition in the group’s first-ever Climate Action Report, in which ArcelorMittal Europe’s leadership in reducing our carbon footprint is outlined.
But the report does more than stating our ambitions; it tells the story of how we think the steel sector can decarbonise.
As a company, we are actively testing new technologies and exploring low emission steelmaking techniques which will help us meet our carbon-neutral ambition.
In short, we’re exploring the full range of possible technology pathways, depending on which becomes the most viable in the countries and regions where we operate.
For our business, it shows a credible commitment to meeting the objectives of the Paris Agreement.
To ensure we fulfil our carbon-neutral ambition by 2050, we are also asking for the support of regulators, technology partners, investors, and society to achieve that goal.
This report explains how steel is made today, what our carbon challenge is, how it can be successfully addressed and what policies and support are required to make this possible.