Risk Management Policy

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Amid the escalating uncertainty brought about by the rapid changes taking place across the business environment, POSCO acknowledges the importance of risk management as something no less valuable than securing strengthened competitiveness. POSCO places all efforts to identify and prevent any potential risks at the company level.

The risk management policy shows the direction of risk management activities at POSCO and sets out the goal of the activities.

Risk Mission Statement

The management acknowledges risk management as one of the key business management systems that POSCO continues to carry out, on a par with its environmental business, ethical business and quality business; and also acknowledges the importance of interest and commitment by the management to achieve it.

Risk Management Policy
Risk Mission Statement
  • The management acknowledges risk management as one of the key business management systems that POSCO continues to carry out, on a par with its environmental business, ethical business and quality business; and also acknowledges the importance of interest and commitment by the management to achieve it.
Strengthen Risk Management Capability
  • The purpose of risk management activities is to secure corporate values; risk management policy should include activities that can establish risk management as an integral part of the corporate culture.
  • A systematic risk management structure should be formed and the clear roles and responsibilities of its members should be defined to increase the efficiency of the risk management policy.
Continuous Monitoring & Management / Positive Response from Employee
  • Key risks for special management should be identified and continue to be managed in a well-established management procedure. The result should be regularly reported to the management through an efficient reporting system.
  • Voluntary participation from employees in risk management activities; such activities should be communicated to stakeholders so that the market is kept up to date about the risk management activities undertaken by POSCO as part of its IR activities.

The key message of the risk management policy carries the ISO 31000 requirements and POSCO's core value.

Core message of risk management policies, ISO31000 requirements, core values, POSCO message

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