POSCO Selected as the World Steel Association's Top Sustainability Member

Declaration of Carbon Neutrality by 2050, Establishment of Dedicated ESG Organization, and Advanced Governance Structure Highly Praised

Chairman Choi Jung-woo Attends World Steel Association Executive Committee Meeting to Discuss Joint Developm

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik] POSCO announced on the 13th that it was selected as the top sustainability member for the first time among domestic steel companies at the World Steel Association's mid-year regular meeting held over two days from the 11th (Korean time) in London, UK.

Since 2018, the World Steel Association has been selecting companies leading sustainability in the steel industry as top members from among more than 140 member companies. Every year, all members are re-evaluated to encourage maintaining a high level of sustainable management, and until last year, a total of 15 steel companies were selected. This year, POSCO was the only newly selected company, while six existing top members were dropped and only nine companies were reselected.

To become a top member, five conditions must be met: ▲ selection as an excellent sustainability member ▲ final nomination for the Steelie Awards ▲ publication of a sustainability report ▲ submission of sustainability data ▲ submission of carbon emission data by material and process. Steel companies selected as top members are recognized as exemplary cases in ESG management and receive the highest honor.

POSCO not only met all five conditions above but was also recognized for its efforts and achievements in ESG management, including the 2050 carbon neutrality declaration, establishment of a dedicated ESG organization, and advanced governance structure, making it the only newly selected top member this year.

Choi Jeong-woo, Chairman of POSCO Group, said, “This is the result of POSCO Group's relentless efforts for carbon neutrality and the development of eco-friendly future materials,” and added, “We will continue to lead global trends in ESG management and sustainability in the steel industry based on the corporate citizenship management philosophy.”

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