ArcelorMittal recognised for sustainability work in circular economy report
ArcelorMittal has been named a leading 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.
A ‘circular economy’ is an alternative to a traditional ‘make, use, dispose’ economy. In a circular economy, resources are kept in use for as long as possible, extracting the maximum value from them while in use, then recovering and regenerating products and materials at the end of their life.
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.