ArcelorMittal is one of three new companies to receive the 2008 Energy Management award and the first steel company ever to achieve the distinction. ArcelorMittal joins a group of distinguished past ENERGY STAR(R) winners including Toyota, PepsiCo, Ford, Merck, J.C. Penney, McDonald's and Raytheon. ArcelorMittal will be honored at an awards ceremony hosted by the U.S. Environmental Protection Agency on April 1, 2008, in Washington, D.C.
In late 2005, ArcelorMittal was challenged to reduce energy intensity by 6 percent over a three-year time period using 2005 as the baseline. This equates to a reduction of $192 million in energy costs by 2009.
"ArcelorMittal's commitment to energy reduction is viewed as an ongoing process and does not end after year three or when reduction goals are achieved. This initiative is a companywide, continuous commitment to energy reduction and sustainability," said Mike Rippey, president and CEO, ArcelorMittal USA. "This distinction demonstrates ArcelorMittal's commitment to maintaining operational excellence while reducing energy intensity -- truly exemplifying our company's commitment to transforming tomorrow through Sustainability, Quality and Leadership."
The ArcelorMittal Energy Committee was established in late 2005 with representatives from every U.S. facility. At each plant, energy teams -- made up of the plant manager, plant energy champion, departmental energy leaders, and other key department leaders from accounting, procurement, environmental and human resources -- were created to engage employees in the energy awareness effort and to identify strategies to improve energy efficiency in their facility. Each facility was responsible for setting energy reduction goals at their respective plants.
In January 2006, the energy committee launched the ArcelorMittal Energy Reduction Initiative, a three-year program that provided an energy plan for the immediate future that would allow ArcelorMittal to decrease its energy and carbon intensity and, at the same time, improve its bottom line. The initiative was designed to attain energy reductions quickly and to build a base for continuous improvement in energy reductions.
"ArcelorMittal's leadership in managing their energy use is a model for other businesses looking for ways to protect the environment," said Robert J. Meyers, principal deputy assistant administrator for EPA's Office of Air & Radiation. "Because commercial and industrial facilities account for half of all energy consumption in the U.S. and are responsible for nearly half of U.S. greenhouse gas emissions, energy management is a critical element in our efforts on climate change."
A key element for making the ArcelorMittal Energy Reduction Initiative a success from the start was the support that was given to this effort -- from the Group Management Board, to USA and plant management, to those working on the shop floor.
ArcelorMittal also worked hard to spread the word about energy conservation -- and the ENERGY STAR(R) program -- to its employees, families, suppliers and end users, even the general public. Since 2006, ArcelorMittal has distributed more than 20,000 compact fluorescent light bulbs to its employees in the United States as well as community and business leaders. For 2006-2007, ArcelorMittal (then Mittal Steel) was ranked as one of the top 10 companies in the nation to collect the most pledges for the ENERGY STAR(R)'s "Change a Light" pledge campaign.
About ArcelorMittal
ArcelorMittal is the world's number one steel company, with 310,000 employees in more than 60 countries. The company brings together the world's number one and number two steel companies, Arcelor and Mittal Steel.
ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 28 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
ArcelorMittal key unaudited financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
