Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 77

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 77
---
PS                                                                                                                                                                            | IPCC SSP5-8.5                                                                                                |
| Description                                        | •Holds warming toapproximately 1.5°C,aligned with the ParisAgreement.•Steel demand by 2050projected at 2 Gtonnesper year | •Assumes a strong globalcommitment to reducingGHG emissions, leadingto low levels of warming•Steel demand by 2050projected between 2.1and 2.7 Gtonnes peryear | •Assumes moderateefforts to reduce GHGemissions and balancedoutcome in terms ofsocio-economicdevelopment and climatechange impacts•Steel demand by 2050projected between 2.2-2.7 Gtonnes per year | •Assumes GHGemissions continue torise, leading to highlevels of warming andsignificant climatechange impacts |
| Used for physical risksassessment                  | No                                                                                                                       | Yes                                                                                                                                                           | Yes                                                                                                                                                                                               | Yes                                                                                                          |
| Used for transition risks/opportunities assessment | Yes                                                                                                                      | Yes                                                                                                                                                           | Yes                                                                                                                                                                                               | No                                                                                                           |
| Used for target analysis anddecarbonization plan   | Yes                                                                                                                      | Yes                                                                                                                                                           | Yes                                                                                                                                                                                               | No                                                                                                           |

These scenarios were used to conduct screenings to qualitatively identify material climate-related risks and opportunities. Main results are summarized below: Transition risks and opportunities For the transition screening assessment, the Company used three scenarios: 1.5°C, below 2°C and business as usual to stress-test the exposure to transition climate risks. Material climate change related transition risks and opportunities, are summarized below. The results are for 2030 under the 'below 2C' and the ‘1.5C’ scenarios, as these capture the most significant transition impacts: • Regulatory and Policy related risks: see "Introduction — Risk Factors and Control— Laws and regulations restricting emissions of greenhouse gases could force ArcelorMittal to incur increased capital and operating costs and could have a material adverse effect on ArcelorMittal’s results of operations, financial condition and reputation". • Opportunities arising from enabling low-carbon transition in key sectors: Low-carbon transition within the Company's core customer sectors presents an opportunity to improve and/or expand the product portfolios to meet customers' requirements. Some example of this include electrical steel

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| Management report |

for electric motors used to power battery electric vehicles; plug in hybrid electric vehicles and hybrid vehicles; low- carbon steel products; HyMatch® for hydrogen transport pipelines and supporting the implementation of hydrogen infrastructure