ArcelorMittal S.A. — Ethics Grade D

ArcelorMittal S.A. receives an overall ethics grade of D (32/100) on CancelCo's corporate accountability database. Sector: Mining & Metals. Market cap: Large Cap.

Category scores

• labor: 15
• privacy: 80
• consumer: 70
• environment: 20
• humanRights: 30

Documented incidents (3)

• Ilva Plant Health Crisis (high, 2019) — The company faced intense legal battles over its Ilva steel plant in Italy, which was linked to high rates of cancer and respiratory diseases in the local community due to toxic emissions.
• South Africa Labor Violations (medium, 2022) — ArcelorMittal South Africa was criticized for mass layoffs and failing to provide safe working conditions during prolonged labor strikes at its Vanderbijlpark works.
• Kostenko Mine Disaster (high, 2023) — A methane explosion at a mine operated by the company's Kazakh subsidiary killed 46 workers, sparking a nationalization move by the government due to safety negligence.

Documented good deeds

• XCarb Innovation Fund — Investment of $100 million in startup technologies aimed at decarbonizing the steel production process.

Ethical alternatives

• SSAB AB — Pioneer in fossil-free steel (HYBRIT) with significantly lower carbon footprint and better safety records.