Overview

2016 was a year of important progress for ArcelorMittal.

Action 2020

Action 2020 is ArcelorMittal's commitment to structurally improving profitability and cash flow generation.

Governance

Good corporate governance is about compliance, continuous stakeholder dialogue and being a good corporate citizen.

Fact book

Details of our steel and mining operations, financials, production facilities and shareholder information.

This annual review is for all our stakeholders, and continues our journey, begun last year, towards integrated reporting. It brings together key elements of our financial reporting with reporting against our 10 sustainable development (SD) outcomes, drawing on elements of integrated reporting indicated by the International Integrated Reporting Council.

International integrated Reporting framework

With this Annual Review we take our second step towards integrated reporting, evidencing our approach to the creation of optimal long-term value for all our stakeholders. This year we endeavor to report in closer alignment with the guiding principles and content elements of the International Integrated Reporting framework this year as outlined in our Reporting index. The report, and in particular the Beyond 2020 theme, draws heavily on presentations I have made to employees and external stakeholders over the year. Both myself and the chief finance officer have reviewed the contents of the report and believe we are well on our way to integrated reporting.

Lakshmi Mittal
Chairman and chief executive officer

GRI

We continue to report against the Global Reporting Initiative’s G4 guidelines across our reporting landscape – including this Annual Review, our ongoing online narrative reporting, and our local sustainability reports – and you can find details in our reporting index. We consider many aspects within the G4 guidelines to be material to stakeholders in certain countries, and most meaningfully reported within our country sustainable development reports, which are also produced in line with the GRI guidelines. See our Reporting index page.

UN Global Compact

We have supported the United Nations Global Compact since 2008. This Annual Review serves as our Communication on Progress of our implementation of the ten UN Global Compact principles.

Lakshmi Mittal
Chairman and chief executive officer

Assurance

This is the eighth year that our sustainable development reporting has received independent assurance.

Reporting format

We believe that online reporting is the most practical and efficient way to communicate with the widest number of stakeholders. We provide this website for those who wish to browse online, and we have a pdf download function for each page or section for those who prefer to download, print and read the review offline.

Country reporting against the 10 outcomes

We have for some time aimed to ensure we report to stakeholders meaningfully on the issues that matter to them and to us and to this end we published 17 country sustainable development reports in 2015.

Part of delivering on this ambition is for our local operations to align these reports with best practice, against GRI G4 as well as the 10 outcomes, and 74% used the GRI G4 guidelines in 2016. These reports can be accessed on our main website. All these SD reports included a leadership message on sustainable development from the chief executive or highest official(s) and, where they are demonstrating best practice, highlight a case study of their achievements. This will evolve over time to include local sustainable development performance data.

For further information please see also: