Supporting resilient and thriving communities
How our business creates shared value
Many people share in the success of our business. In 2016, we employed over 198,000 people directly, and over 43,000 contractors (full time equivalent) many of them in highly skilled jobs, and in communities where other employment opportunities are scarce. Thousands of businesses are supported in our supply chains, on which we spent over US$41 billion through our procurement of goods and services in 2016. We also paid US$741 million to governments in income and local taxes, supporting public spending and economic growth.
We publish more information about our local economic contributions in our country sustainability reports – see the report from ArcelorMittal Poland as an example, and we will continue to improve this reporting at local level in 2017.
Driving local economic development
To support economic development in the countries where we operate, we have established a number of local supplier initiatives, including the Integrated Program for Supplier Development and Qualification in Brazil, the Minority and Women Business Enterprises Programme in the US and the Enterprise and Supplier Development Programme in South Africa.