ESG Introduction

POSCO E&C adopted ESG management that pursues sustainable growth in terms of environmental, social, and governance factors. Our objective is to respond to the rapidly changing business environment, including the climate crisis and COVID-19 pandemic, and fulfill our social responsibility.

To ensure systematic management, we have set key areas according to our ESG strategy system as follows and established quantitative targets for the medium to long term (2023) to measure our performance.

Environment

Environment

Response to Climate Change

Commitment to 2050 Carbon Negative, Conservation of biodiversity

Key KPIs Performance in 2020 Goals for 2023
Greenhouse gas (GHG) emission 47,882 tons (45,892 tons)
Waste recycling rate 99.9% (99.9%)
On-site application
of environmental technology package
10 cases (30 cases)
Biodiversity-related amounts paid KRW 10 million (KRW 80 million)
No. of animal shelters supported 15 shelters (100shelters)

Eco-Friendly Business

Enhancement of eco-friendly portfolio

Key KPIs Performance in 2020 Goals for 2023
Amount of eco-friendly businesses order KRW 445.1 billion (KRW 1,46 trillion)
Green financing ratio to total borrowings 23% (50%)
Social

Social

Safety and Health

Safe and pleasant workplace

Key KPIs Performance in 2020 Goals for 2023
Injury rate 0.10% (0.10%)

Product responsibility

Improving customer satisfaction
with the best quality and service

Key KPIs Performance in 2020 Goals for 2023
Korean Standard Quality Excellence Index
(KS-QEI) ratings
1st (1st)
Korean Standard Well-being
& Environment Index (KS-WEI) ratings
1st (1st)
Enhancement of THE SHARP brand awareness 5th (3rd)
Smart construction application rate 74% (95%)
Floor impact sound insulation performance Grade 4 Securing Grade 2 or higher technology

Shared Growth

Shared growth through the establishment
of a sustainable supply chain

Key KPIs Performance in 2020 Goals for 2023
Number of annual agreements 11 cases (30 cases)
Amounts of eco-friendly products purchased KRW 43 billion (KRW 150 billion)
Amounts of financial support for suppliers
(Shared Growth Fund)
KRW 46.8 billion (KRW 50 billion)

Local Community

Reinforcement of CSR in consideration of social and environmental impacts

Key KPIs Performance in 2020 Goals for 2023
Proportion of carbon-neutral CSR activities
from an ESG perspective
5% (30%)
Number of Collective Impact Design (CID)
cases among group companies
- (3 cases)
Running total od overseas youth trained
for skilled construction workers
295 persons (895 persons)
* CID : Collective Impact Design

Employee

Nurturing global good citizenship

Key KPIs Performance in 2020 Goals for 2023
Developing key talents of core technologies 30 persons (70 persons+α)
Employment ratio of the disabled 2.5% (3.1%+α)
Great Work Place (GWP) index 84 points (87 points)
* GWP : Great Work Place
Governance

Governance

Risk Management

Advancement of ESG risk management system

Key KPIs Performance in 2020 Goals for 2023
Proportion of ESG review in project deliberation 39% (100%)

Business Ethics

Instilling of fair trade culture

Key KPIs Performance in 2020 Goals for 2023
Employee training hours on fair trade and ethics 15,851 hours (18,000 hours)
Korea Fair Trade Commission’s CP rating Grade AA (Grade AA)

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