POSCO Chemical Publishes Corporate Citizenship Report Highlighting ESG Achievements

[Asia Economy Reporter Hwang Yoon-joo] POSCO Chemical has published a Corporate Citizenship Report detailing its ESG (Environmental, Social, and Governance) achievements and strategies, including responses to climate change and strengthening safety management.

On the 1st, POSCO Chemical announced that the Corporate Citizenship Report, released on the 30th, disclosed the sustainable management achievements pursued from 2019 to 2020 and included key activities and data in each ESG area.

In particular, this year's report selected climate change response and workplace safety enhancement as core issues important to stakeholders and introduced related achievements in detail through the 'Sustainability Focus Areas.'

First, to address climate change, POSCO Chemical focused its capabilities on developing cathode and anode materials, which are secondary battery materials that can innovate the eco-friendly mobility industry, contributing to carbon neutrality and enhancing sustainability.

POSCO Chemical achieved results in developing key materials such as high-nickel NCMA cathode materials for batteries capable of driving over 500 km on a single charge to enhance electric vehicle performance, artificial graphite anode materials that extend the lifespan of electric vehicle batteries, and low-expansion anode materials that improve charging speed and stability. Additionally, it is developing silicon-based anode materials with four times the energy storage capacity and solid-state battery materials. It is also advancing production technology for electric furnace electrodes using needle coke, a coal byproduct from steel mills, as raw material.

Greenhouse gas reduction was also presented as a major environmental achievement, and the safety management system was further strengthened. To improve governance, the number of outside directors was increased from two to three this year to enhance board diversity.

Meanwhile, POSCO Chemical plans to actively promote ESG management in line with the global trend of strengthening corporate social roles and POSCO Group's corporate citizenship management philosophy. The newly published Corporate Citizenship Report can be viewed on the POSCO Chemical website.

This content was produced with the assistance of AI translation services.