Special Story Carbon Neutrality to preserve

for the future

POSCO E&C’s Pledge for Eco-friendly Management

In line with the new climate regime, more companies and countries across the world are declaring carbon neutrality. In addition, the global economic system is being restructured focusing on climate action. Having recognized eco-friendly management as a survival issue, POSCO E&C is dedicated to fulfilling its responsibilities and duties as a corporate citizen in order to lead sustainable business activities.

2050 Carbon Negative Roadmap

POSCO E&C’s Promise for the 2050 Carbon Negative

To ensure a systematic climate change response, POSCO E&C developed a roadmap that aims for carbon negative by 2050. Moreover, based on our corporate governance, we develop strategies and manage our risks and quantitative goals.

2021 2030 2040 2050
2050년 탄소중립 실현을 위한 포스코건설의 약속
  • 2021
    Launch carbon neutral strategies

    Climate change impact assessment and strategy establishment
    • Building governance to respond climate change (Strengthen organizational R&R, operate Carbon Neutral Council)
    • Monitoring GHG reduction pilot sites and buildings
    • Launching mid- to long-term order-winning strategy to respond to climate change
    • Advancing GHG management system
    • Setting scope and target of value chain reduction
    • Applying for participation in CDP (to respond to the evaluation starting 2022)
  • 2021~2030
    Establish and activate a low-carbon management system

    Implementation of climate change response strategies
    • Participation in Korea’s RE100 (2022 onwards)
    • Reduction through renewable energy projects (2025 onwards)
    • Advancing into overseas GHG reduction business
    • Developing climate change response technologies and winning related orders
    • Promoting value chain reduction management and performance quantification - Expanding the scope of reduction and strengthening the target
  • 2030~2050
    Become a top-tier construction company responding to climate change

    Lead the climate change market from competitive edges
    • Securing a leading position in low-carbon management and contributing to POSCO Group’s carbon neutrality
    • Leading domestic and overseas low-carbon businesses - Hydrogen infrastructure, smart water management, etc.
    • Leading the domestic zero-energy building market
    • Commercializing technologies related to climate change and securing market advantages
    • Contribution to carbon neutrality by major supply chains, customers and suppliers
Low-carbon business strategies

Business Model Innovation to Lead a Low-carbon Society

POSCO E&C promotes conversion to low-carbon business and implementation of carbon-negative strategies with consideration given to its key competencies and sustainability. In particular, we plan to strengthen our global competitive power and lead the future construction market through new business items, such as renewable energy, hydrogen, and carbon capture and storage (CCUS), in the energy and infrastructure business sectors. We will actively engage in climate-related business activities abroad by expanding our R&D activities and through green financing for low-carbon and eco-friendly businesses.

저탄소 비즈니스 전략

Sustainability improvement
of the existing projects

  • Power generation

    Low-carbon power generation
    • Suspend entry to new coal-fired power generation projects
    • Expand entry to the LNG power generation market in Korea and abroad
  • Infrastructure

    Response to climate change
    • Dominate domestic and overseas water markets for seawater desalination and smart water management
    • Promote the use of organic waste resources (biogas) and energy from domestic wastes (waste heat)
    • Improvement of aging infrastructure reflecting climate change response design technology
  • Building works

    Energy efficiency improvement
    • Strengthen green building projects, such as zero-energy buildings and green remodeling
    • Develop smart green industrial complexes and cities using the fourth industrial revolution technologies

Development of new projects
with high sustainability

  • Renewable energy

    Expansion of projects in Korea and abroad
    • Expand entry to new markets for offshore solar and wind power generation
    • Secure and sell GHG reduction credits through overseas projects
  • Hydrogen

    Innovative carbon-free technology
    • Develop hydrogen project value chain with POSCO and dominate the markets earlier on
    • Build infrastructure for hydrogen projects, such as byproduct hydrogen and ammonia storage tanks
  • Rechargeable batteries

    Engineering competency advancement
    • Preemptive measures for the captive market of rechargeable battery for lithium and anode and cathode materials by securing core technologies
h2

POSCO Group’s Green Hydrogen Production Facilities and Infrastructure Development

According to the POSCO Group’s plan to secure key hydrogen-related technologies and production capacity by 2030, POSCO E&C plans to build hydrogen-based renewable energy production facilities and establish a smart hydrogen city using smart construction technologies.

  • 그린수소 생산설비 Green hydrogen production facility Electrolysis facilities for solar and wind power generation and green hydrogen production
  • 수소 저장시설 Hydrogen storage facility Safe storage facility using a liquid hydrogen storage technology
  • 수소 활용 인프라 Infrastructure for hydrogen use Development of a smart hydrogen city through hydrogen charging stations and power plant construction
Wind

Enhancement of Offshore Wind Power Business Capacity to Advance into a Global Eco-friendly Company

Offshore wind power generation is an eco-friendly business with large growth potentials as the value chain can be expanded to green hydrogen production. In particular, POSCO E&C will develop an offshore wind power generation complex in order to contribute to local development, such as income source creation. We aim to provide an eco-friendly and self-sufficient energy environment to fishing villages.

  • Having entered into a strategic memorandum of understanding (MoU) with Orsted Group, which is ranked No. 1 in the global offshore wind power generation market, POSCO Group engages in the engineering, procurement, and construction (EPC) of offshore wind power generation in Korea as well as the development of optimal steel materials for offshore wind power generation.
Orsted X POSCO
LNG

LNG, an Eco-friendly Energy Source - Global Leader of LNG Terminal Business

Having developed the standard gas-to-power project models per power generation capacity, POSCO E&C actively responds to the recent trend abroad to transform the old coal-fired and heavy oil-fired power plants to combined gas power plants and LNG terminals.

  • Gwangyang No. 6 LNG Tank Project, Korea
  • Colon Combined Cycle Power Plant and Terminal Project, Panama
Eco-friendly Management

Operation of a POSCO E&C Environment Management System (POEMS) according to international standards

POSCO E&C recognizes the importance of managing factors in the construction industry that cause harm to the environment, such as fine dust, noise, and waste, and take strict countermeasures against them. In particular, we are independently operating the ISO 14001-certified POEMS, optimized to the construction industry.

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  • Design stage
    1. R&D
    • Development of an eco-friendly construction method
    • Development of eco-friendly information technology
    2. Design
    • Eco-friendly design
    • Prevention and removal of environmental risk factors
  • Purchase
    3. Purchase
    • Support for the development of eco-friendly product by subcontractors
    • Expansion of green partnerships
  • Construction
    4. Construction
    • Eco-friendly site management
    • Environmental risk-centered management
    5. Disposal
    • Operation of a waste management system
    • Reduction of waste generation
  • Communication
    6. Marketing
    • Best practice and idea contests for eco-friendly construction
    • Eco-friendly campaigns

Cost Reduction by 50% Compared to Water Spray Trucks
Scattering Dust Reduction Agent

The Infrastructure Research Group of POSCO E&C R&D Center partnered with the Ministry of Environment, a local university, and SMEs to develop a scattering dust reduction agent using eco-friendly hybrid polymer. The scattering dust agent is evaluated as a low-cost and high-efficiency product.

* Applied to Seobu Inland Expressway (section 11)
친환경 비산 먼지 저감제

Top prize at the Best Practice Competition for Construction Environment Management
Smart Water Spray System

Together with the SMEs, POSCO E&C developed a smart water spray system equipped with automatic spray angle adjustment and remote-control functions through the embedded engine. This system contributes to reducing dust in construction sites where there are limitations in manual water spraying.

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