POSCO Future M Publishes Corporate Citizenship Report... Discloses ESG Management Achievements

Establishment of Carbon Neutrality Task Force
Expansion of Renewable Energy Use
Acceleration of Low-Carbon Fuel Transition

POSCO Future M announced on the 8th that it has published its first Corporate Citizenship Report, which includes its ESG management strategy and achievements since changing its company name last March.

POSCO Future M plans to achieve carbon neutrality across all business sectors, including battery materials, refractories, and lime chemicals, by 2050. To accomplish carbon neutrality, it has also established a dedicated organization. Having obtained the 'Environmental Product Declaration' certification for both anode and cathode materials last year, POSCO Future M has built a management system that monitors the environmental impact throughout the entire product lifecycle, from raw material mining to production, usage, and disposal. It increased its use of renewable energy by 27% compared to 2021 by additionally installing solar power facilities at its Sejong anode material plant. In March of this year, it switched the fuel at its Pohang firing refractory plant from heavy oil to LNG, which has lower carbon emissions.

POSCO Future M employees are reading the Corporate Citizenship Report.
[Photo by POSCO Future M]

POSCO Future M provides consulting to strengthen the ESG capabilities of its suppliers and has expanded its supply chain, focusing on social enterprises. It uses responsible minerals free from human rights violations for raw materials. In the governance sector, it established an Outside Director Candidate Recommendation Committee and an Audit Committee last year to enhance governance transparency. It also obtained ISO 27001 certification from the International Organization for Standardization for its information security management system, establishing security and management systems to protect core technologies.

Kim Jun-hyung, CEO of POSCO Future M, said, “Based on the 2050 carbon neutrality roadmap, we are fulfilling our responsibilities as an eco-friendly materials company,” adding, “We will strengthen ESG management based on the corporate citizenship management philosophy to enhance corporate value and increase communication with stakeholders.”

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