Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 66

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 66
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 all business units, to provide more comprehensive oversight starting in the first quarter of 2025. The third line will directly report to the Board Audit and Risk Committee. • Progress in the development of ‘One Safety Culture’ across the Group will be measured in June 2025. • Consequence management standards are becoming stronger across the Group as a result of the Company's ‘Just and Fair Expectations’ rolled out in January 2025. Furthermore, the Company is tracking and auditing the compliance of local policies mirroring these expectations. It also continues to strengthen the health and safety focus in all its human resource processes and practices. Performance in 2024 In 2024, there were 13 fatalities in 13 events, of which 6 were ArcelorMittal employees and seven were contractors. The Company fatality frequency rate ("FFR") was 0.03; and Lost Time Injury Frequency Rate (" LTIFR ") was 0.70. The Company has not delivered the progress on safety for which it had hoped in 2024. The whole Company is working hard on the dss+ audit recommendations and it is now moving from the planning phase to full implementation in 2025. This combined with swift action taken by business unit CEOs where issues are identified will support the Company in its journey to zero fatalities. 6 of the 13 fatalities were in the EU region which comprises Europe Flat Products, Europe Long Products and the European operations of Sustainable Solutions. Within the EU region, the Europe Flat Products operations were fatality-free for the first time in 2024 while the Europe Long Products operations had 4 fatalities after a period of two years with no fatalities. The fatalities within Europe Long Products have led to immediate action taken across this part of the business. All site CEOs stepped back from operational role duties for a period of four weeks to focus 100% of their time on safety at their site, led by the ArcelorMittal Europe Long Products CEO, who decided to take on the additional role of Head of H&S, which continues today. During this period, all site CEOs were required to put together and publish a Workplace Safety Assessment roadmap with clear actions and accountabilities. This four-week period, culminated in all site CEOs and H&S heads attending a two day seminar to present their roadmap (which incorporates the dss+ recommendations) and share best practices. The roadmaps are now in execution mode and are tracked on a bi-weekly basis with every site by the ArcelorMittal Europe Long Products CEO.