POSCO Future M Strengthens ESG Capabilities of Suppliers for 'Shared Growth'

POSCO Future M is supporting the enhancement of ESG (Environmental, Social, and Governance) capabilities of its suppliers to strengthen mutual growth across the entire supply chain.

On the 19th, POSCO Future M held a mutual growth information exchange meeting at its headquarters in Pohang, sharing recent trends related to ESG and mutual growth policies. Over 150 companies attended, including suppliers from the Pohang region as well as the Gwangyang and Sejong business sites.

The Purchasing and Contract Office of POSCO Future M explained the supply chain ESG management system, key purchasing policies, and POSCO Group’s corporate citizenship management philosophy. Additionally, the Legal Office and external ESG experts gave lectures on fair trade policies and technology protection systems, the latest ESG management frameworks, and global trends.

Furthermore, POSCO Future M provided detailed introductions to mutual growth programs such as the Performance Sharing System (BS), low-interest and interest-free loan programs for excellent suppliers, and win-win payment systems. The Performance Sharing System is a symbolic mutual growth program of POSCO Group, where technology development is jointly conducted with suppliers and the resulting cost savings and other benefits are shared.

Gu Ja-hyun, head of the Purchasing and Contract Office at POSCO Future M, stated, "We are systematically supporting the enhancement of suppliers’ ESG capabilities by establishing a step-by-step roadmap. Based on the corporate citizenship management philosophy, we will lead substantial mutual growth with our suppliers."

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