ArcelorMittal has been named a top company in a new sustainability study.
The Dutch Association of Investors for Sustainable Development (VBDO) has published its 2015 study, Benchmark of Circular Business Practices, which is a comparative study of 52 Netherlands-listed companies. ArcelorMittal, which is listed on the Amsterdam stock exchange, was ranked ninth in the report’s overall league table, in recognition of the company’s alignment with the concept of a circular economy.
Steel’s recyclability gives it an inherent advantage in this respect. ArcelorMittal’s recycling rate of end of life/obsolete steel products is 87%, while steel is the most recycled material in the world. The company was singled out in VDBO’s report for its good practice in steel recycling: “ArcelorMittal is working on steel recycling and optimal reuse of by-products and other residues. The company is one of the biggest recyclers of steel in the world, recycling around 30 million tones every year. When developing new products, it ensures that the steel in it is recyclable. ArcelorMittal also develops new processes that will help recovering more steel from waste streams. Additionally, the company has life cycle analysis experts and a dedicated R&D team working on the reuse of residues from the steelmaking process.”