Environmental Groups Accuse ArcelorMittal of Greenwashing Ahead of Olympic Flame Arrival

Environmental groups accuse ArcelorMittal of greenwashing by using low-carbon steel for the Olympic torch, criticizing the steelmaker’s PR move to enhance its environmental image. Despite facing scrutiny for failing to meet decarbonization pledges, the firm has focused on shareholder returns over climate action, as revealed by a recent report from SteelWatch. Activists question ArcelorMittal’s commitment to sustainability, citing its disproportionate returns to shareholders compared to decarbonization investments.