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| Overall Assessment |
Comment |
Score |
| Comprehensive |
ArcelorMittal SA has demonstrated a comprehensive level of transparency regarding its climate lobbying activities. The company explicitly names specific climate policies it has engaged with, such as the EU's Carbon Border Adjustment Mechanism (CBAM), the EU ETS Innovation Fund, and the European Union's Important Projects of Common European Interest (IPCEI). It also references its advocacy for measures like carbon contracts for difference and carbon taxation, providing detailed context about its involvement and the policies' implementation timelines. ArcelorMittal has disclosed both direct and indirect lobbying mechanisms, including direct engagement with policymakers, hosting discussions with high-profile guests such as the European Commission's Executive Vice-President, and indirect lobbying through trade associations like Eurofer. The company identifies specific targets of its lobbying efforts, such as member states, MEPs, and national/regional governments, ensuring clarity in its approach. Furthermore, ArcelorMittal has been transparent about the specific outcomes it seeks, such as strengthening the CBAM to include steel-intensive finished products, advocating for public funding to cover 50% of decarbonization project costs, and ensuring access to affordable clean energy to enable green hydrogen steelmaking. These disclosures reflect a structured and detailed approach to its lobbying activities, aligning with the goals of the Paris Agreement and demonstrating a high degree of transparency in its climate policy engagement.
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4
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| Overall Assessment |
Comment |
Score |
| Comprehensive |
ArcelorMittal demonstrates a comprehensive governance process for climate lobbying alignment, both direct and indirect, through detailed disclosures and structured oversight mechanisms. The company has published a thorough lobbying audit, as evidenced by its "Mapping ArcelorMittal's advocacy alignment with the goal of net zero by 2050" report, which assesses the alignment of industry associations with its climate priorities and the Paris Agreement. This report includes a periodic assessment of 61 industry associations, evaluating their policy priorities and lobbying activities against ArcelorMittal's five policy priorities, such as "measures to incentivise the production of zero carbon emissions steel" and "access to sufficient, affordable clean energy." The methodology involves categorizing associations as "Aligned," "Partially Aligned," "Not Engaged," or "Misaligned," based on their stated support for the Paris Agreement and alignment with ArcelorMittal's policy priorities. The company also actively engages with industry associations found to be misaligned, as stated: "We continued to engage with industry associations that were found not to be fully aligned in the past reporting cycle and whose positions have not changed." This engagement includes clarifying policy positions, encouraging alignment, and creating dialogue between associations and third-party evaluators like InfluenceMap. Furthermore, ArcelorMittal plans to "review our action plan (e.g. potential escalation in the case of misalignment)" in its next report, indicating a structured approach to monitoring and enforcing alignment. Oversight responsibilities are clearly defined, with the company signaling its policy positions and alignment expectations to industry associations through reports and communications. For example, it states: "Alignment will be periodically tracked, with the aim of reflecting any changes in the industry association's position, and any changes in ArcelorMittal's policy priorities." This demonstrates a robust governance framework that includes monitoring mechanisms, accountability measures, and proactive engagement to ensure alignment with climate goals.
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4
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