ArcelorMittal Seeks Responsible Steel Certification for European Flat Products Sites
November 26 2019 - 10:01AM
Dow Jones News
By Maitane Sardon
ArcelorMittal (MT.AE) said Tuesday that it aims to secure a
responsible steel certification for all its sites in Europe that
produce flat steel.
The move comes as the steel sector--which is responsible for up
to 9% of global emissions, according to the International Energy
Agency--faces growing pressure to reduce its carbon and social
footprint.
The Luxembourg-based steelmaker said it will roll out a 12-month
program that will enable each site to prove that its production
processes meet certain standards across social, environmental and
governance criteria.
To be awarded with a responsible steel certification,
ArcelorMittal said each site will undergo a third-party audit and
an independent certification committee will make the final
decision.
The standard is based on 12 principles with a variety of
underlying requirements aimed at improving steel production's
impact on climate change and emissions, water and biodiversity,
human rights and community relations.
"Responsible production techniques and high ethical and business
standards have become increasingly important to our customers and
consumers," said Geert Van Poelvoorde, CEO at ArcelorMittal Europe
Flat Products.
The company's sites in Belgium, Germany, Spain and France will
be the first to be audited, it said, adding that it plans to
include other sites in the program after the initial phase.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
November 26, 2019 09:46 ET (14:46 GMT)
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