POSCO Future M Selected as an Excellent Company by Korea ESG Standards Institute

POSCO Future M has once again been recognized for its achievements in ESG (Environmental, Social, and Governance) management by a leading domestic certification body.

On the 5th, POSCO Future M received the 'ESG Excellent Company' award at the 'Korea ESG Standards Institute Excellent Company Awards Ceremony' held at the Korea Exchange in Yeouido, Seoul. The Korea ESG Standards Institute is the most credible ESG evaluation organization in Korea. Each year, based on the total ESG evaluation scores, it selects a pool of candidate companies three times the number of awardees and then finalizes the awardees through a review process. This year, out of a total of 1,066 companies, the Korea ESG Standards Institute selected 13 companies (top 1.2%), including 5 ESG Excellent Companies, 7 Governance Excellent Companies, and 1 Honorary Company.

POSCO Future M was selected as an ESG Excellent Company for the first time in recognition of its ESG improvement efforts and achievements, including ▲establishing a sustainable raw material supply chain based on a responsible minerals policy ▲operating regular communication channels between labor and management to foster healthy labor-management relations ▲strengthening safety and health management ▲continuous community coexistence activities and achievements ▲and building a compliance-based management system. Earlier, in the 2024 Korea ESG Standards Institute evaluation released in October, POSCO Future M received a comprehensive grade of 'A+ (Very Excellent),' ranking in the top 1.9% (20 companies), raising expectations for its first-ever selection as an ESG Excellent Company.

Meanwhile, in December last year, POSCO Future M was newly included in the '2023 Dow Jones Sustainability Index (DJSI) Asia Pacific' in the DJSI evaluation, recognizing its ESG management achievements. The 'DJSI Asia Pacific' index consists of the top 20% ESG management companies among the 600 largest companies in the Asia-Pacific region. Subsequently, in February this year, POSCO Future M was also selected as an 'Industry Mover' in the 2023 Corporate Sustainability Assessment by S&P Global, an award given to companies whose ESG scores improved by more than 5% compared to the previous year among the top companies in each industry.