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ESG Strategy
When it comes to sustainable business growth,
environmental protection is a foremost priority.
environmental protection is a foremost priority.
To deliver on our vision to help build a sustainable, low-carbon and eco-friendly economy,
we strive to stay ahead of the rapidly shifting business landscape
and conduct campaigns to improve the local environment.
we strive to stay ahead of the rapidly shifting business landscape
and conduct campaigns to improve the local environment.
Our Approach to Environmental Protection and Energy Conservation
To help build a sustainable, low-carbon and eco-friendly economy as a corporate citizen, POSCO Group adopts the following practices:
- Operate an integrated system of environmental protection and energy conservation programs that meets both ISO 14001 and ISO 50001 requirements. Comply with applicable laws and regulations
- Continuously improve the system through goal-setting and resource allocation
- Reduce greenhouse gas emissions and minimize climate impact by increasing the use of clean energy and introducing low-carbon processes
- Reduce the environmental impact of products throughout their entire lifecycles by making efficient use of natural resources and by-products, and developing products with low carbon footprint
- Minimize pollutant emissions by applying eco-friendly production processes and best available techniques for pollution abatement
- Regularly review environmental protection and energy conservation activities, report outcomes to management and consult with stakeholders
Net Zero by 2050
To achieve net zero by 2050, we have outlined a short-term and a long-term roadmap.
In the near term, we will reduce coal inputs and energy use in steelmaking by installing electric furnaces, applying low-carbon raw materials to the BF-BOF process and developing more energy-efficient techniques.
Over the long run, we will gradually transition to HyREX, our proprietary hydrogen-based ironmaking technology, and electric furnaces powered by clean energy. The exact timeline for each milestone will depend on the speed of our HyREX research progress. This is how we aim to take our net carbon emissions to zero.
In the near term, we will reduce coal inputs and energy use in steelmaking by installing electric furnaces, applying low-carbon raw materials to the BF-BOF process and developing more energy-efficient techniques.
Over the long run, we will gradually transition to HyREX, our proprietary hydrogen-based ironmaking technology, and electric furnaces powered by clean energy. The exact timeline for each milestone will depend on the speed of our HyREX research progress. This is how we aim to take our net carbon emissions to zero.
CO2 reduction target (10,000 tons) *Scope 1&2 emissions
