POSCO Energy Wins Excellence in Reporting Award at the 2020 Korea Sustainability Conference

[Asia Economy Reporter Hwang Yoon-joo] POSCO Energy received the Excellence Award in the manufacturing category of the "Korea Sustainability Report Awards (KRCA, Korea Readers’ Choice Awards)" at the "2020 Korea Sustainability Conference" hosted by the Korea Standards Association, held on the 16th at the Lotte Hotel in Seoul.

Since its inception in 2008, the "Korea Sustainability Conference" recognizes companies that contribute to sustainable development and the realization of social value through social responsibility.

The Sustainability Report Awards (KRCA), which POSCO Energy won, select a total of 10 companies annually across four categories: manufacturing, service, integrated, and first-time reports. Notably, stakeholders and actual report users participate directly in an online survey to evaluate the quality of the reports and whether they are prepared according to the international standard GRI (Global Reporting Initiative) framework.

This year, the evaluation was conducted on 126 domestic sustainability reports published between August 2019 and July 2020. Although POSCO Energy is not a listed company with high demands for ESG (Environmental, Social, and Governance) disclosure, a non-financial corporate factor, it voluntarily disclosed ESG information in the "POSCO Energy 2019 Corporate Citizenship Report," receiving excellent evaluations from stakeholders.

Since POSCO announced the management philosophy of "Corporate Citizenship for Shared Growth" in 2018, POSCO Energy has strived to enable its executives and employees to voluntarily practice this philosophy in their work and daily lives. In particular, all executives have provided direction for implementing the corporate citizenship management philosophy in their work areas and established processes reflecting this in work procedures, institutionalizing it as a system.

Based on this, POSCO Energy detailed the achievements made through communication and empathy with stakeholders in the areas of ▲Business ▲Society ▲People, reflecting its genuine efforts toward sustainable management in the "POSCO Energy 2019 Corporate Citizenship Report."

Jung Ki-seop, President of POSCO Energy, stated, "We are pleased that the Corporate Citizenship Report, which records the changes and innovations we have made over the past year, has received favorable evaluations," adding, "POSCO Energy will continue to be a company that proactively proposes solutions as a corporate citizen contributing to society, rather than passively following changes in systems or environments."

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