Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 264

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 264
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 ArcelorMittal remains committed to delivering its people strategy, launched in 2022. The strategy is built around ArcelorMittal's fundamental purpose to create smarter steels for people and the planet. This strategy seeks to boost talent and continuously foster a safety- first, people-driven culture that ensures sustainable performance and enables the Company to deliver on its purpose. Employee development Attracting, developing and retaining the right people continues to be a strategic priority for ArcelorMittal in sustaining a high- performing organization. With strong competition for the best talent, ArcelorMittal is committed to ensuring the Company is an aspirational workplace—one where employees feel safe, respected and valued. This also means building a culture that constantly keeps employees engaged, motivated, and eager to learn and excel. Employee development, which includes succession planning and the development of early career talents plays a crucial role in building a high-performing organization. The Company strives to provide employees a clear career pathway, supported by continuous training and ongoing initiatives to develop both technical and behavioral skills. A dedicated process helps identify high potential employees ("HiPos") and manage the succession of key roles. In 2024, the Company intensified its efforts to develop employees' skills and accelerate the readiness of its HiPos to take on increased responsibilities. A strong focus was placed on having the right people in the right roles at the right time, strengthening key succession plans, and preparing future leaders. Efforts also included anticipating and filling vacancies; building a robust and qualified leadership pipeline; encouraging individual and sustained performance; and fostering talent retention through recognition, empowerment, and meaningful work. To further support career growth, ArcelorMittal enhanced its communications initiatives to increase the visibility of global career opportunities, ensuring employees are aware of potential paths for advancement within the organization. The Company also took steps to enhance the quality of its succession planning, ensuring stronger alignment between potential successors and their career aspirations. In 2024, the Company experienced a significant increase in virtual learning engagement at ArcelorMittal University ("AMU"), further expanding its global community. Employees a cross the Group invested an average of 5.1 hours each to online learning with more than 149,000 active learners (a 48% increase year- on-year) logging over 760,000 hours (a 27% increase year-on- year). The Company continued offering world-class leadership programs through AMU. Delivered in a blended format— combining face-to-face (where possible) with digital sessions— these programs support the development of talent and future leaders