ESG Strategy
POSCO¡¯s ESG policies and guidelines outline our approach to environmental protection, social responsibility and good governance.
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ESG Strategy
ESG Approach
Guided by our corporate citizenship management philosophy, POSCO is promoting an eco-friendly leadership, fostering a sustainable social community, and practicing an ESG management philosophy via an advanced management system. As part of this commitment, we have developed a five key ESG initiatives, encompassing Environmental (E), Social (S), and Governance (G) under the keyword GREEN, a term symbolic of our focus on sustainable future materials. To implement and systematically manage these ESG commitments, POSCO has identified nine core areas linked to the GREEN framework. These efforts are designed to build a consensus on ESG management practices throughout the organization while enhancing and embedding employee understanding
ESG Approach
- Green Competency / We commit to combating climate change by advancing low-carbon production processes, improving energy efficiency, and developing environmentally friendly products. In this process, we aim to minimize our impact on the environment, driving towards a future where humans and nature can thrive together.
- Responsible Value Chain / We are committed to assisting our business partners in attaining the highest standards in all ESG areas, as we view the ongoing efforts of fostering sustainability from a value chain perspective.
- Employee Happiness / We are dedicated to fostering a safe work environment in a culture that respects human rights and diversity, cultivating innovative and skilled personnel that can navigate the ever-changing industry landscape with the goal of making our company a place of happiness for all employees.
- Ethics & Integrity / Every business decision we make must be rooted in stringent ethical beliefs, as we continuously work to advance our ethical standards and compliance levels while diligently striving to foster a fair trading environment.
- New Governance for Real Value / Through enhancing our management system and transparency in our information disclosures, we believe we can strengthen ESG communications and substantially increase the real value of POSCO.
- Green Competency / Achieving carbon neutrality, Sales of eco-friendly materials, Minimizing environmental impact
- Responsible Value Chain / Managing a sustainable supply chain, Implementing strategic CSR
- Employee Happiness / Enhanced safety and health, Establishing a Workplace Culture of Respecting Human Dignity
- Ethics & Integrity / Ethics/Compliance
- New Governance for Real Value / Enhanced Transparency
Materiality Assessment
Every year, POSCO carries out a materiality assessment, identifying material issues based on the risks and opportunities faced by the steel industry. In our recent assessment, we have implemented the concept of double materiality. This approach takes into account not just the external environmental and social factors that can impact our financial status, but also the effect of our business operations on both the environment and society.
ESG Approach
- Green Competency / We commit to combating climate change by advancing low-carbon production processes, improving energy efficiency, and developing environmentally friendly products. In this process, we aim to minimize our impact on the environment, driving towards a future where humans and nature can thrive together.
- Responsible Value Chain / We are committed to assisting our business partners in attaining the highest standards in all ESG areas, as we view the ongoing efforts of fostering sustainability from a value chain perspective.
- Employee Happiness / We are dedicated to fostering a safe work environment in a culture that respects human rights and diversity, cultivating innovative and skilled personnel that can navigate the ever-changing industry landscape with the goal of making our company a place of happiness for all employees.
- Ethics & Integrity / Every business decision we make must be rooted in stringent ethical beliefs, as we continuously work to advance our ethical standards and compliance levels while diligently striving to foster a fair trading environment.
- New Governance for Real Value / Through enhancing our management system and transparency in our information disclosures, we believe we can strengthen ESG communications and substantially increase the real value of POSCO.
- Green Competency / Achieving carbon neutrality, Sales of eco-friendly materials, Minimizing environmental impact
- Responsible Value Chain / Managing a sustainable supply chain, Implementing strategic CSR
- Employee Happiness / Enhanced safety and health, Establishing a Workplace Culture of Respecting Human Dignity
- Ethics & Integrity / Ethics/Compliance
- New Governance for Real Value / Enhanced Transparency
※ All contents on the POSCO website and related materials such as the Corporate Citizenship Report(POSCO Sustainability Report) apply only to POSCO, a steel company.