ArcelorMittal announced the publication of its inaugural Corporate Responsibility Report for the year ending 2007: Taking Responsibility for Transforming Tomorrow.

Following on from the publication of a Corporate Responsibility review in January 2008, ArcelorMittal has published a more detailed report describing the approach and objectives over the coming years to address new challenges for the steel industry. The report is based around ArcelorMittal's four pillars of corporate responsibility: Workplace, Environment, Communities and Governance.

Highlights of the report include:

Workplace
1. USD 216 million invested in safety measures in 2007
2. Reduction in lost time incident rate on the previous year
3. Rolled-out new safety standards, 'golden rules' and behavioral safety audit program
4. Doubled the ArcelorMittal University budget in 2008 supported by new training, development and performance management initiatives.

Environment
1. USD 306 million invested in environmental measures in 2007
2. Increased level of environmental management certification across the Group
3. USD 214 million investment for Research & Development in 2007, including products for the renewable energy market
4. Increased use of High Strength Steels for construction and automotive sectors delivering savings in carbon dioxide emissions.

Communities
1. Socio-economic studies completed for our Greenfield projects in India
2. Social action program underway in Liberia and Senegal
3. In 2007, the ArcelorMittal Foundation supported 587 projects with a monetary value of USD 47.9 million.

Governance
1. New corporate responsibility committees and governance structure in place
2. Continued training in the Group Code of Business Conduct for all employees
3. High rankings in 2007 external metals and mining investor relations studies recognizing good shareholder dialogue.

Mr Gonzalo Urquijo member of ArcelorMittal's Group Management Board in charge of Corporate Responsibility said that "This new report underlines our commitment to making Corporate Responsibility an everyday part of the way we do business. The process of annual reporting will help provide greater transparency and accountability to our key stakeholders, including our employees, customers, investors and more broadly the communities in which we operate."