bold spirit - ArcelorMittal South Africa

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106 ArcelorMittal South Africa Annual Report 2010 GRI Index continued Item Section Page 3.13 Policy and practice for seeking independent assurance Not applicable for the report 4 Governance, commitments and engagement 4.1 Governance structure Governance report 30 4.2 Indicate if chairman of the highest governance body is also an executive officer Chair is non-executive 90 4.3 Independent members of the highest governance body 4.4 Mechanisms for shareholders and employees to provide recommendations or direction to the board 4.5 Linkage between compensation and the organisation’s performance governance 4.6 Processes in place for the highest governance body to ensure conflicts of interest are avoided 4.7 Process for determining the qualifications and expertise of the members of the highest governance body for guiding the organisation’s strategy 4.8 Statements of mission or values, codes of conduct, and principles and the status of their implementation 4.9 Procedures of the highest governance body for overseeing the organisation’s identification and management of economic, environmental, and social performance Board memberships – Corporate Governance appendix 89 Stakeholder engagement 96 Remuneration report 122 Conflict of interest section – Corporate Governance appendix Not reported Introduction 4.10 Evaluation of the highest governance body Not performed 4.11 Explanation of whether and how the precautionary Not reported approach or principle is addressed by the organisation 4.12 Externally developed economic, environmental, and social charters, principles, or other initiatives to which the organisation subscribes or endorses Not reported 4.13 Memberships in associations (such as industry associations) and/or national/international advocacy organisations in which the organisation operates 89 II – IV Directing the company responsibly 30 Not reported 4.14 List of stakeholder groups engaged by the organisation Transparency with stakeholders 33 4.15 Basis for identification and selection of stakeholders Transparency with stakeholders 33 with whom to engage 4.16 Approaches to stakeholder engagement, including frequency of engagement by type and by stakeholder group Transparency with stakeholders 33 4.17 Key topics and concerns that have been raised through stakeholder engagement, and how the organisation has responded Economic Performance Indicators Socio-economic equity 54
107 ArcelorMittal South Africa Annual Report 2010 Item Section Page EC1 Direct economic value generated and distributed, including revenues, operating costs, employee compensation, donations and other community investments, retained earnings, and payments to capital providers and governments Value added statement 54 EC2 EC3 EC4 EC5 EC6 EC7 EC8 Financial implications and other risks and opportunities for the organisation’s activities due to climate change Coverage of the organisation’s defined benefit plan obligations Significant financial assistance received from government. Range of ratios of standard entry level wage compared with local minimum wage at significant locations of operation Policy, practices, and proportion of spending on locally based suppliers at significant locations of operation Procedures for local hiring and proportion of senior management hired from the local community at significant locations of operation Development and impact of infrastructure investments and services provided primarily for public benefit through commercial, in-kind, or pro bono engagement Not reported 184 Note 28 of the financial statements N/A Not reported Preferential procurement 53 Not reported Socio-economic equity 54 EC9 Understanding and describing significant indirect Not reported economic impacts, including the extent of impacts Environmental Performance Indicators EN1 Materials used by weight or volume Environmental section 80 EN2 Percentage of materials used that are recycled input Environmental section 79 materials. EN3 Direct energy consumption by primary energy source Energy and climate change 85 EN4 Indirect energy consumption by primary source Energy and climate change 85 EN5 Energy saved due to conservation and efficiency Not reported improvements EN6 Initiatives to provide energy-efficient or renewable energy-based products and services, and reductions in energy requirements as a result of these initiatives Not reported EN7 Initiatives to reduce indirect energy consumption and Energy and climate change 85 reductions achieved EN8 Total water withdrawal by source Environmental section 77
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Annual Report 2010 bold spirit
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I in brief
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Brand values Our goal is to provide
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Financial features Headline earning
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Commercial matters entrepreneurial
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bold spirit - ArcelorMittal South Africa

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