Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 282

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 282
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 stakeholders, including investors, customers, regulators, employees, and communities; • review the effectiveness of the process for assessing and managing catastrophic risks; • coordinate the SC’s impact, risk and opportunity management work with the Audit and Risk Committee, in relation to reporting to the Board of Directors ; • review the findings of important climate action reports and the management response; • support and provide guidance to management in developing and updating policies and procedures relating to employee health & safety, environment, climate change, social and supply chain and other material sustainability topics; • review and approve processes to establish effectiveness of policies, actions, metrics and targets related to sustainability material risks, impacts and opportunities; • monitor any current, pending or threatened legal actions with respect to health and safety, climate change, environment, social and supply chain and other relevant sustainability issues; • review and approve a report on sustainable development plan to be included in ArcelorMittal’s Annual Report; • review and recommend to the Board of Directors on the adequacy of the reporting on sustainability opportunities, risks, impacts and issues in the annual report, Sustainability Report, and other relevant public documents; • make recommendations to the Board of Directors with respect to trends in results and programs in all covered areas; • make recommendations on material sustainability impacts, risks and opportunities when overseeing strategy and decisions on major transactions; • ensure that the SC Chair (or in her absence, an alternative member) attends the Company’s annual general meeting to answer questions concerning sustainability matters and their development and/or implementation; and • oversee any investigation and/or undertake any thorough analysis which is within its scope. The three members of the SC are Mrs. Clarissa Lins, Mr. Etienne Schneider and Mr. Michel Wurth. Mrs. Lins and Mr. Schneider are independent in accordance with the Company’s corporate governance guidelines, the NYSE standards and the 10 Principles of Corporate Governance of the Luxembourg Stock Exchange. The Chairwoman of the SC is Mrs. Lins. The members have relevant expertise or experience relating to the objective of the SC. The responsible senior managers pertaining to their respective areas of responsibility - health and safety, environment, climate change, for community relations - are permanent invitees to the meetings of the SC. The Chairman of the SC makes a verbal report of the SC’s decisions and findings to the Board of Directors after each SC meeting. Other corporate governance practices ArcelorMittal is committed to adhering to best practices in terms of corporate governance in its dealings with shareholders and aims to ensure good corporate governance by applying rules on transparency