POSCO Holdings Publishes 2024 Sustainability Management Report

Growth Strategy Based on ESG
and Biodiversity Disclosure

POSCO Holdings announced on July 2 that the group’s major affiliates have published the “2024 Sustainability Management Report,” which details their ESG (Environmental, Social, and Governance) management performance and future strategies.

Cover of POSCO Holdings Sustainability Management Report. Provided by POSCO Holdings.

In this report, POSCO Holdings introduces its “2 Core + New Engine” growth strategy?which includes steel, secondary battery materials, infrastructure, and new businesses?from an ESG perspective, and presents both quantitative and qualitative indicators for 15 major domestic and overseas business companies. In particular, this year the company has significantly strengthened its disclosure of information related to biodiversity. Following last year’s report, which was prepared in accordance with the Task Force on Climate-related Financial Disclosures (TCFD) standards, a dedicated page has been newly established this year applying the Taskforce on Nature-related Financial Disclosures (TNFD) standards.

Based on the “LEAP Framework” suggested by the TNFD, POSCO Holdings jointly analyzed, together with the National Institute of Ecology, the impact and dependency on natural capital for 193 consolidated subsidiaries and 207 business sites. The LEAP Framework is a method that sets the interface between business sites and nature, and then derives dependency, impact, risks, opportunities, and response strategies.

POSCO Group has been publishing sustainability management reports since 2004. Since the transition to a holding company structure in 2022, POSCO Holdings has published a group-wide integrated report. In addition, six major business companies?POSCO, POSCO International, POSCO Future M, POSCO DX, POSCO Steelion, and POSCO M-Tech?have each published separate reports detailing their own ESG performance and strategies. POSCO E&C is scheduled to release its report on July 4.

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