Scope and boundary of the report
This is our first integrated annual report prepared in accordance with the guidelines of the King Code of Governance for South Africa 2009 (King III). It is based on the solid foundation of our 2010 annual report. We acknowledge that accomplished integrated reporting is a journey and that this Integrated annual report is a step towards that end.
This report covers the period from 1 January 2011 to 31 December 2011 and contains most material issues of concern to all our stakeholders. Companies in which the ArcelorMittal South Africa group has a joint interest, minority shareholding or contractual interest are not included in the scope of this report, although we may work with these companies to provide guidance and assistance with aspects of their economic, social and sustainable development.
This report should be read in conjunction with the Sustainability Report and the Financial Report. References to supporting information contained on our website (www.arcelormittal.com/southafrica) are provided in this report.
Our aim is to achieve disclosures of the highest standard to provide meaningful, accurate, transparent and balanced information to stakeholders. We have been guided by the principles of King III and the Global Reporting Initiative (GRI). The Board and Board committees were actively involved in finalising disclosures made in this report.
The financial information contained in this report has been independently assured by Deloitte and Touche, but the nonfinancial information has not been assured. We have commenced on our external assurance journey, and expect to begin obtaining limited non-financial assurance in time for the 2012 reporting. |