Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 339

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 339
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, India's leading energy transition company, began commissioning with power supply commenced in September 2024. The 975 MW nominal capacity facility represents a 0.7 billion investment and combines solar and wind power. It is supported by Greenko’s hydro pumped storage project, which helps to overcome the intermittent nature of wind and solar power generation. The project provides for uninterrupted renewable power to be supplied annually to AMNS India (ArcelorMittal’s joint venture company in India) resulting in over 20% of the electricity requirement at AMNS India’s Hazira plant coming from renewable sources, reducing carbon emissions by approximately 1.5 million tonnes per year. In May 2023, ArcelorMittal formed a joint venture with Casa dos Ventos, one of Brazil’s largest developers and producers of renewable energy projects, to develop a 554 MW wind power project aiming to secure and decarbonize a considerable proportion of the Company's wholly-owned subsidiary ArcelorMittal Brasil’s future electricity needs and which is set to be commissioned in 2025 . In August 2024, ArcelorMittal Brasil also signed contracts with Casa dos Ventos and Atlas Renewable Energy for the development of two joint ventures for solar energy projects with a combined capacity of 465 MW, equivalent to 14% of its current electricity requirements in Brazil. Project commissioning is expected before the end of 2025 . Considering the risks related to climate change and the Company's commitment established under the Paris agreement, ArcelorMittal provides explicit information in the notes to these consolidated financial statements regarding how climate change affects the Company's financial information. The Company presents below the references to the various notes where issues associated with climate change are addressed:

204

| Consolidated financial statements                          |
| (millions of U.S. dollar, except share and per share data) |

| Topic                                                                           | Note                                                                                                                                                    | Content                                                                                                                                                                                                                                                                                                     |
| Estimate and judgment                                                           | Note 1.3 Use of judgment andestimates                                                                                                                   | Judgments and estimates made in assessing the impact of climate change and thetransition to a low carbon economy: useful lives of property, plant and equipment,estimates of future cash flow projections for impairment of non-financial assets,decommissioning costs, renewable power purchase agreements |
| Sustainable investment                                                          | •Note 2.2.4 Acquisitions•Note 2.4.1 Joint ventures•Note 2.5 Other investments•Note 5.2 Property, plant andequipment and biological•Note 9.4