Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 98

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 98
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 for Sustainable Product Regulation (“ESPR”) is a cornerstone in the European Green Deal for more environmentally sustainable and circular products. The new regulation acts as a framework and complements existing product regulation. The regulation is implemented following a workplan through secondary legislation by Delegated Acts. As part of the new Commission work plan, the Joint Research Centre (“JRC”) is expected to finalize a preparatory study on Iron and Steel Products by June 2025. The ESPR framework will make "Digital Product Passports" mandatory and must

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ensure that relevant environmental information is transferred along the supply chain on a need-to-know basis. Environmental requirements impacting industrial operations are also becoming more stringent in various jurisdictions. Argentina Argentina's goal is to achieve carbon neutrality by 2050, and it has outlined its NDCs compromises for 2030, reinforcing them through participation in COP 28. During 2023, the Argentinian government established two key strategies: one for the Carbon Trade Market (Resolution N° 385/2023) and another for Hydrogen Economy Development. The program was launched in 2023 with the participation of more than 120 participants, and the roadmap for the industrialization of hydrogen as a productive vector in the energy transition was presented. Additionally, the Renewable Energy Law has set mandatory national targets for electricity consumption from renewable energy sources: 8% in 2018; 12% in 2019/20; 16% in 2021/22; 18% in 2023/24; and 20% in 2025. All energy-intensive industries must contribute to these mandatory national targets, but no significant impact on the Company is expected. Acindar has outlined its renewable energy business plan as follows: (i) for the Villa Constitución Site, targets are being met by purchasing renewable energy from Cammesa. Brazil In Brazil, new federal laws have been established in 2024 to guide climate change adaptation plans and create a legal framework for low-carbon hydrogen, including incentives and programs for its production and development. The states of Minas Gerais, Ceará and Santa Catarina have also introduced their own green hydrogen policies. Additionally, federal laws have launched programs to promote sustainable low-carbon mobility, including green mobility, sustainable aviation fuel, green diesel, and biomethane. A national air quality policy has been established, setting standards and guidelines for air quality management. Forestry has been excluded from the list of potentially polluting activities,