ArcelorMittal is the world's leading steel and mining company. It reports on its non-financial performance using several frameworks, including the International Integrated Reporting Framework. The summary discusses: 1. ArcelorMittal's business model of producing steel in a sustainable way and its presence in 60 countries. 2. The company's policies on environmental, social, employee and ethical issues including human rights, anti-corruption, and diversity. It identifies its top 10 risks. 3. Key non-financial performance indicators reported on including safety, emissions, water use, gender diversity and community engagement. 4. Analysis of the company's reporting against international standards, finding it reflects integrated reporting

1. 1
ArcelorMittal
ArcelorMittal is a public limited liability company (société anonyme) that was incorporated
for an unlimited period under the laws of the Grand Duchy of Luxembourg on June 8, 2001.
As a company registered in Luxembourg, for fulfilling its non-financial reporting
requirements and indicated in the Directive they are guided by the Luxembourg implementation
of the EU directive, using the IIRC (International Integrated Reporting) framework to guide its
reporting on risks and materiality.
Non-financial data – basis of reporting
Arcelormittal use the IIR (International Integrated Reporting) Framework in combination
with the other reporting frameworks, including, GRI (Global Reporting Initiative) Standards, the
CDP climate change and water questionnaire, emphasis on four key areas (health & safety,
environment and community relations, climate change and social issues).All data is reported for
the period 1st January to 31st December.
Reporting format are a suite of annual reports ensuring the need for transparency in their
corporate reporting. It is key to telling their value-creation story to investors and providing the
information they demand.We mention that ArcelorMittal corporate reporting is under the
regulatory spotlight.
These are:
 An integrated annual report,
 Annual value creation report , wich provides greater disclosure than is contained in
integrated report, such environmental matters or greater detail on its strategic
performance,
 Leadership report including full governance overview and full remuneration report
I. Business model – brief description
ArcelorMittal is the world’s leading steel and mining company wich are committed to
producing steel in a safe and sustainable way, being the leading supplier of quality steel
products in all major markets including automotive, construction,household appliances and
packaging.ArcelorMittal is present in 60 countries and we have an industrial footprint in 19
countries.
1. Business model, policies, risks related to CSR (Corporate Social Responsibility)
issues
The effectiveness of this disclosure (narrative and numerical presentation, at the same
time) derives from the connection between the business model and the economic transformation
process from inputs (natural capital like energy,water intake,Human and intellectual capital,
Financial capital),to outputs and outcomes.
Also described are the sourcing relationships with suppliers, the value creation strategy
across the projects’ life-cycles, and the use of specific resources.

2. 2
3.14 3.26 3.07Electricity
purchased (TWh)+
Financial capital
2016 2017 2018
Equity+ R7 961mR13 543m R8 058m
Natural capital
Raw materials consumed
2016 2017 2018
Iron ore 6 604kt 7 234kt 7 390kt
Coal 4 104kt 4 056kt 4 011kt
Consumed scrap* 684kt 781kt 779kt
Fluxes 1 063kt 1 677kt 1 795kt
* Externally procured and internally generated
and recycled.
Energy
2016 2017 2018
+ Externally assured.
Water intake
2016 2017 2018 Steel making
Steelmakingprocess
Raw materials
Iron making
Water intake (Ml) 15 475 15 505 14 754
Human and
intellectual capital
2016 2017 2018
Employees* 9 056 8 913 8 837
Hired labour 320 77 274
Service
contractors
2 997 2 890 2 851
Training spend R184m R154m R140m
* Permanently employed (including fixed term
contractors).
Caster
We produce three
types of products:
Borrowings+ R1 950m R6 400m R3 000m
Flatsteel
products
Cokeand
Chemicals
Longsteel
products
+ Externally assured.
Inputs ArcelorMittalworking business model

3. 3
2. Policies related to environmental, social and employee matters, respect for human rights,
anti-corruption and bribery matters;Mostly in the Lidership report
ArcelorMittal has devoted considerable effort to informing stakeholders about its
governance structure and diversity policy.
Human rights-The policy includes commitments to workers, local communities and
business partners and covers health and safety, labour rights and the rights of indigenous people.
In line with these undertakings, safety, the Company’s top priority, makes up 10% of the
incentive scheme for the CEO Office. Company requires all employees in appropiate functions to
undergo human rights training every three years. In 2018, 94.1% of the Company’s relevant
workforce had completed up-to-date human rights training, up from 66% in 2017.
Policies related to environmental –concentrate to the role of business in reducing carbon
emissions and mitigating climate change, as well as on preparedness for the risks and
opportunities of the transition towards to a low-carbon economy.
3. Principal risks related to environmental, social and employee matters
ArcelorMittal’s business and results are substantially affected by regional and global
macroeconomic conditions.
Volatility in the supply and prices of raw materials, energy and transportation, and
volatility in steel prices or mismatches between steel prices and raw material prices could
adversely affect ArcelorMittal’s results of operations.
Unfair trade practices in ArcelorMittal’s home markets could negatively affect steel
prices and reduce ArcelorMittal’s profitability, while trade sanctions and barriers may have an
adverse effect on ArcelorMittal's operations in various markets.
With this presentational framework those activities most subject to risk are clearly
identified top 10 risks :
 Solvency and liquidity Risk
 Operational stability Risk
 Environmental performance Risk
 Spread risk Risk
 Foreign-exchange exposure Risk
 Safety performance Risk
 Decrease in market demand Risk
 Increased imports Risk
 Increased input costs Risk
 Insufficient input material supply and quality of input material
4. Non-financial KPIs. (key performance indicators)
ArcelorMittal report currently on a large number of non-financial metrics .Integrated
reports in 2018 included KPIs related with all the capitals, as it follows:
 Financial capital: 71%
 Human capital: 10%

4. 4
 Natural capital: 8%
 Intellectual capital: 3%
 Manufactured capital: 3%
 Social and relationship capital: 5%
We Identify 15 KPIs (Non-financial key performance indicators):
 KPI 1 -Work-related fatalities
 KPI 2 Lost time injury frequency rate (LTIFR)
 KPI 3 Total injury frequency rate (TIFR)
 KPI 4 EBITDA per tonne (R/t)
 KPI 5 Return on capital employed (ROCE) (%)
 KPI 6 Steel market share
 KPI 7 Liquid steel production (000 tonne)
 KPI 8 Cash generated from operations before working capital (Rm)
 KPI 9 Net cash/debt position at year-end
 KPI 10 On-time deliveries (%)
 KPI 11 Preferential procurement spend
 KPI 12 B-BBEE (Broad-Based Black Economic Empowerment )compliance score
 KPI 13 Environmental spend (Rm)
 KPI 14 Total cost of employment (TCOE)
 KPI 15 Management control performance
The report presents a thorough analysis of the relationship of the EBITDA (Earnings before
interest, taxes, depreciation, and amortisation) with other KPIs,
The methodology behind the calculation and reporting of these indicators, and
reporting boundaries, are set out in their Basis of Reporting document.
For example the calculation and reporting for KPI 2- (LTIFR) is shown below
Lost time injury rate =Fatalities + number of Injuries with lost time x10^6 (Per
million hours worked) person hours worked
Figures reported express the frequency of injuries per million hours worked. A work-
related injury is one that results in the loss of at least one full working day (beyond the date of
the injury) and is measured from the first day after the event.
II. Environmental matters
ArcelorMittal are bound by environmental legislation,poor environmental performance
could have a significant impact on the company, leading to penalties, prosecution or even plant
closures.
The report contains annual targets and performance measurements for every kind of risk,
indicating the actions undertaken to address these risks or opportunities.

5. 5
1. Impacts on the environment regards ;
Environmental capital spend will limit Company environmental impacts.
2. Impacts on health and safety;
Company run a range of initiatives to prevent health issues arising from microclimatic
conditions and the handling of chemicals.
3. Use of renewable energy; Specific actions taken/planned are described
4. Use of non-renewable energy; No discussion of material issues
5. GHG emissions; Specific actions taken/planned are described
6. Water use; Specific actions taken/planned are described
7. Air pollution. Specific actions taken/planned are described
III. Social and employee related matters
Reporting methodology by use indicator Safe, healthy, quality working lives for people
All non-financial figures refer for health & safety it covers occurrences among both employees
and contractors
1. Actions taken to ensure gender equality;
The ArcelorMittal Board’s diversity not only relates to gender, but also to the region,
background and industry of its members.
In line with the worldwide effort to increase gender diversity on the boards of directors of
listed and unlisted companies, the Board met its goal of increasing the number of women on the
Board to at least three by the end of 2015. Out of 9 members of the Board of Directors, women
represent 33.33% in 2018.
In 2018, women held 12.4% of management positions; this comprised 6% of Vice-
President positions, 6% at General Manager level and 14% of Managers. 11.4% of senior
succession plan candidates - those who are foreseen to take over senior manager positions at
General Managers level and above - are women. A number of programs are in place to develop
women as leaders.
2. Implementation of fundamental conventions of the International Labour
The labour collective agreements – The Report provides Significant description at a
global and local level.
Temporary employment: Employees hired on a temporary basis by the company are
included in all health and safety statistics. Temporary employment may include: contracts
limited in time, temporary jobs, holiday jobs, student jobs or traineeships.
Emissions to air
Proposed carbon tax
and climate
change-related
developments
Water management
Rehabilitation of
legacy sites
Achieving
compliance

6. 6
3. Working conditions; Remuneration Report should be consulted
4. Respect for the right of workers to be informed and consulted;
Employee engagement is key and feedback is integrated into action plans, to address
employees’ concerns.
Every two years, a Company-wide engagement survey gauges employees’ opinions,
attitudes and levels of satisfaction.
This "Speak up!" survey seeks feedback in a range of areas, including organizational
direction, leadership and professional deployment and development.
It allows employees to relay feedback anonymously to the executive leadership and the
Company to build specific action plans to address employee’s concerns.
5. Respect for trade union rights;
Employees in various parts of the world are represented by trade unions and
ArcelorMittal is a party to collective bargaining agreements with organizations in certain
locations. The reporting summarizes and describe the status of certain of these agreements and
relationships. The Company is committed to open, respectful and transparent social dialogue at
all of its operations, to strong employee relations, and safe, healthy and quality working lives for
all its workers
6. Health and safety at work;
Policy Company focus on a healthy workforce also, safety for people has been its number
one priority. In 2018 lost-time injury frequency rate of 0.69 was the lowest level Company
have ever recorded.
Alongside its objective of eliminating accidents, its Journey to Zero programme aims to
encourage healthy lifestyles, foster wellbeing and reduce occupational diseases to zero.
7. The dialogue with local communities;Description of some elements of material issues
disclosure.
8. Actions taken to ensure the protection and the development of the local communities.
Reflection of culture and ethical values .However, we couldn t identified a KPIs on
culture.
IV. Ethical matters
1. Prevention of human rights abuses, instruments in place to fight corruption and briber
ArcelorMittal commitment to integrity is embodied in its Code of Business Conduct
and is supported by a comprehensive framework of policies and procedures in areas such as
human rights, anti-corruption and insider dealing.
These documents reflect the principles and concepts of the UN Global Compact, the
OECD Guidelines on Multinational Enterprises and UN Sustainable Development Goal 1.
It applies to all directors, officers and employees of ArcelorMittal S.A. and its
subsidiaries worldwide. Based on a training matrix, Company employees undergo training on the
Code of Business Conduct and other aspects of compliance every three years.

7. 7
In 2018, 87.5% of ArcelorMittal’s employees worldwide have completed the training on
the Code of Business Conduct, and 90.4% have done their mandatory anti-corruption training.
The following table shows which non financial data was measuring, and how to
understand it.
Checklist Element for ARCELORMITTAL
Reporting Item (narrative and numerical presentation, at the same time) Score
I 1.Business model 1
2.Policies related to environmental, social and employee matters, respect for human rights, anti-
corruption and bribery matters
1
3.Principal risks related to environmental, social and employee matters, respect for human rights,
anti-corruption and bribery matters
1
4.Non-financial KPIs-quantitative data 1
TOTAL I (Business model, policies, risks related to CSR issues)
4
100%
II 1.Actions taken to ensure gender equality 1
2.Implementation of fundamental conventions of the International Labor Organization 1
3.Working conditions 1
4.Respect for the right of workers to be informed and consulted 1
5.Respect for trade union rights 1
6.Health and safety at work 1
7.The dialogue with local communities 1
8.Actions taken to ensure the protection and the development of the local communities 1
TOTAL II (Environmental matters)
8
100%
III 1.Impacts on the environment 1
2.Impacts on health and safety 1
3.Use of renewable energy 1
4.Use of non-renewable energy 0
5.GHG emissions 1
6.Water use 1
7.Air pollution 1
TOTAL III (Social and employee related matters)
6
86.%
IV 1. Prevention of human rights abuses, instruments in place to
fight corruption and bribery
1
TOTAL IV (Ethical matters)
1
100%
TOTAL Score of maximum (20)
19
95%

8. 8
We considering the non-financial information of ArcelorMittal reflect the guiding
principles of the International Integrated Reporting Framework (IIRC). It ia a Transparent,
forward-looking reporting – based on a wider balance between financial and nonfinancial
information.
It forms part of a wider approach to reporting at a global and local level,wich means to
be transparent about providing nonfinancial information on a voluntary basis,supported by
reports that provide details on specific areas of ArcelorMittal work or are designed for the use of
specific stakeholder groups.