Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 78

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 78
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. Refer to 'Enabling the transition of key sectors' covered above. P hysical risks ArcelorMittal conducted further analysis of its climate change related physical risks in 2024 to assess exposure of its assets to climate hazards. A total of 170 assets, including mining, iron and steelmaking, downstream processing, recycling, and forest management sites, were covered. To conduct this assessment, a third-party climate data analytics tool was used to analyze the exposure of assets to flood, extreme precipitation, heat, cold, fire, drought, wind, and hail related risks. This analysis considered three IPCC scenarios and was based at the asset-specific geospatial coordinate levels. Climate hazards were evaluated over three-time horizons: short-term (2025), medium-term (2030), and long-term (2050). The short- and medium-term time horizons align with ArcelorMittal’s 5-year strategic planning, while the long-term horizon covers the lifespan of most assets. The three key risks identified included: • Heat stress, concentrated primarily in the tropical and subtropical regions where high temperatures are already common and are likely to worsen (Mexico, Brazil, Liberia and India). Heatwaves can also have a significant impact in Europe. • Flood exposure risk mainly concentrated in the Northern Europe region, specifically in areas located in close proximity to rivers or in coastal areas. Sites in Mexico, Brazil, India and Europe have severe to high exposure to precipitation, which also presents flooding risk. • High water stress caused by a combination of high heat and low precipitation primarily concentrated in the Northern Europe, North America, Southern Africa and South Asia regions. Since this assessment, the Company has conducted segment- level capacity building training exercise to increase awareness about the results of this assessment and the key principles to be considered for site-specific plans to reduce such risks. Carbon performance (based on 2024 data) In 2024, the Company’s adjusted group intensity KPI was 1.75 tonnes of CO 2 emissions per tonne of crude steel ("tCO 2 e/tcs"). Significant reductions are only likely to be made with the successful deployment of steelmaking and energy transformation projects. In order to view the trend for CO 2 e intensity of steel only, the Company also reports the data for 2018, adjusted for structural changes to its portfolio to enable a like for like annual comparison. This shows a reduction of 5.4% since 2018, from 1.85tCO 2 e/tcs to 1