Global warming poses danger to the life on earth, risking fresh water, food, and energy supplies. Greenhouse gas (GHG) emissions are the primary cause of global warming. Carbon dioxide (CO2), methane (CH4), and nitrogen oxides (NOx) are GHGs produced by the combustion of oil, fossil fuels, and other sources.
The metals and mining industry accounts for approximately 4% to 7% of worldwide greenhouse gas emissions. GHG emissions are produced by industry operations such as energy generation, heat or steam, and fuel use. The International Council on Mining and Metals (ICMM) has committed to a goal of net zero Scope 1 and 2 emissions by 2050.
ArcelorMittal SA (ArcelorMittal) is an integrated steel manufacturing company. It manufactures and markets a range of finished and semi-finished steel products. In 2021, the company reported total GHG emissions of around 138.6 million tonnes CO2 equivalents (MtCO2eq), up 13% from 2020.
Scope 1, 2, and 3 emissions are the three categories of GHG emissions. Scope 1 emissions are direct emissions by the company, such as fuel use, on-site electricity generation, and process emissions. Indirect GHG emissions from the generation of purchased or acquired electricity are referred to as Scope 2. Scope 3 emissions refer to the company's other indirect emissions beyond the company’s direct operations and occur in the company’s value chain, including upstream and downstream activities. The company has not reported its Scope 3 emissions in its latest climate action report published by it.
ArcelorMittal is working to expand their coverage of and improve the quality of Scope 3 data, so that they can analyze and report on these emissions more completely in future. The company published its second climate report in 2021 and has reported Scope 1 and 2 emissions collectively.
ArcelorMittal has set a new target to carbon emissions intensity by 25% globally by 2030. The company has planned world's first full-scale zero carbon-emissions steel plant in Sestao, Spain, by 2025
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