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ArcelorMittal and the Responsibility of Stakeholders in the Steel Value Chain
The report examines the carbon-intensive nature of steel production, highlighting ArcelorMittal South Africa's (AMSA) increasing emissions and its impact on local communities in the Vaal triangle. It argues that ArcelorMittal Group maintains a double standard by prioritizing decarbonization in Europe over the Global South. The document identifies financial institutions (such as ABSA and the IFC) and the automobile industry (including Ford and Toyota) as key stakeholders with the leverage to push for a fossil-free transition. It recommends that ArcelorMittal end coal use by 2040 and provide verifiable asset-by-asset transformation plans by 2025.
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Document type: Report