Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 65

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 65
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 and assurance across all operations. The recommendations were focused on six main areas: 1 Improving the identification and understanding of operational risk exposure: Strengthening the identification and understanding of operational risk exposure by enhancing the governance framework to better identify and understand operational risk exposures and building on the existing fatality prevention standards to upgrade the “Plan Do Check Act” (PDCA) cycle, supported by additional governance practices (e.g., additional leading indicators and enhanced risk-management routines). 2 Strengthening the existing health & safety assurance model: Strengthening the assurance model with three-lines of assurance, and operationalizing the model through regular assurance reviews. 3 Continuing to embed safety values, mindsets and behaviors to strengthen the “one safety culture”: On-the-ground coaching and mentorship programs for all leaders (involving more than 10,000 people) to reinforce the existing safety training programs. 4 Improving contractor safety management standards: Standardizing and improving each contractor safety management element (e.g., contractor selection, evaluation, onboarding, execution and post-performance review) across all contractor cohorts (embedded and projects contractors) to bring any lagging contractor safety performance up to ArcelorMittal’s standard requirements. 5 Adopting industry best practices for PSM: Developing and implementing a common PSM framework and accompanying standards that further incorporates best practices in all relevant PSM elements while ensuring alignment with relevant management systems (e.g., operations and maintenance) to improve controls effectiveness and mitigate process safety-related risk. 6 Integrating H&S elements into supporting business processes: Further integrating supporting business processes into H&S with a focus on four processes: a)

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further integrate safety elements into all parts of the employee life cycle encompassing selection, onboarding, development and promotion; b) consistently rewarding and recognizing good performance and achievements, and increase consequences for not following processes and rules, e.g. consequence management; c) further enhance the identification of critical safety investments to support risk reduction efforts; and d) strengthening safety management practices throughout capital projects life cycle, from design, engineering, procurement, and contracting, to construction and start-up, including governance and assurance framework. Business specific plans have been developed to implement the recommendations of the dss+ safety audit and to be incorporated into the five-year planning cycle. Key highlights of the progress to date include: • The new Process Safety Framework has now been launched with a first wave of 12 assets. • The H&S assurance model has been strengthened, with three lines of assurance across