POSCO E&C

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
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.

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

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.

Green hydrogen production facility Electrolysis facilities for solar and wind power generation and green hydrogen production
Hydrogen storage facility Safe storage facility using a liquid hydrogen storage technology
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.

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.

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)

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.

CCTV Operation policy

CCTV Policy for the Protection of Personal Information

CHAPTER I GENERAL PROVISIONS

Article 1 (Purpose)

The purpose of this Policy is to fulfill appropriate duties and comply with applicable laws by setting matters POSCO E&C Ltd. (the “Company”) must comply with in relation to the installation and operation of closed-circuit televisions and protection of footages.

Article 2 (Definitions)

The terms used in this Policy shall be defined as follows:

1. The term closed-circuit television (“CCTV”) is a type of communication network, in which the footages recorded from the CCTVs located in specific sites are collected and transmitted to exclusive receivers through wired/wireless closed-circuit channels.
2. The term “footage” refers to CCTV recordings of which the recorded subject can be identified.
3. The term “data subject” refers to an individual who can be identified from the footage; that is, the subject of footage.
4. The term “processing” refers to the act of handling data collected through CCTVs, such as inputting, saving, editing, deleting, playing, and other similar acts, excluding the collection of such data.

Article 3 (Scope of Application)

(1) In relation to the installation and operation of CCTVs needed for crime prevention, facility security, and fire safety, as well as the protection of footages that are collected and processed by the aforementioned reasons, the provisions of this Policy shall be observed, unless special provisions are stipulated in other laws.
(2) Use of auxiliary cameras for CCTVs installed and operated by the Company shall also comply with this Policy, regardless of the fact whether their recordings are treated as actual footages or not.

Article 4 (Protection of Footages)

(1) The Company shall collect minimum scope of footages that meets the purpose of CCTV installation.
(2) The Company must have the data subject clearly aware of the installation purpose as mentioned in paragraph (1) of this Article. The footages shall not be used for other purposes than the said purpose.
(3) The Company shall secure accurate and the latest footages and manage them in a safe manner.
(4) The Company shall disclose general matters in relation to the handling of footages and protect the rights of data subjects.

CHAPTER II REQUIREMENTS FOR CCTV INSTALLATION

Article 5 (Notification of Installation Plans, etc.)

In the event of installing a CCTV, the Company shall prepare a CCTV installation and operation plan (“Plan”) that includes the following items:

1. Purpose of CCTV installation;
2. Division in charge of CCTV control: Handling officer and contact details;
3. Number of cameras, locations, performance, and scope of recording of the CCTV to be installed and operated;
4. Standard of the caution sign to be installed and the installation location in accordance with Article 7(1);
5. Contents, procedures, and methods regarding the data subject's exercise of rights and means of objection;
6. CCTV recording time, retention period of footages, methods of storage, management, and deletion of footages, and storage location of footages;
7. Actual location where footages transmitted from CCTVs are accessed and played, and access control to the said location;
8. Grounds, procedures, and methods of providing or granting access to footages to a third party; and
9. Other matters recognized to be necessary for the protection of footages

Article 6 (Designation of CCTV Managers)

(1) The head of the division in charge of the installation and operation of CCTVs shall be designated as the CCTV General Manager, while his or her staff shall be designated as CCTV Operation Manager(s) (“CCTV Manager(s)”).
(2) The CCTV Manager shall take charge of duties in relation to the installation and operation of CCTVs, reception and handling of complaints, and collection and processing of footages.
(3) The CCTV Manager shall designate and manage a separate Personal Information Handler and inform the CCTV General Manager of relevant information in the event of CCTV installation and/or other changes.

Article 7 (Installation of Caution Signs)

(1) In the event of installing a CCTV, the Company shall put up caution signs regarding CCTV operation and the collection of footages for the recognition of data subjects.
(2) The signs in relation to paragraph (1) of this Article shall mention the following items:
- 1. Purpose of CCTV installation;
- 2. Recording scope and time; and
- 3. Information on the CCTV handling division, CCTV Manager, and contact details
(3) The signs in relation to Paragraph (1) of this Article shall be installed within the recording scope where they are easily visible and understood by data subjects.
(4) Notwithstanding Paragraph (2), in the event of installing several CCTVs in the Company’s building, the sign that complies with Paragraph (1) may mention that the whole building is within the recording scope and can be attached only on the building exits.

CHAPTER III REQUIREMENTS FOR HANDLING FOOTAGES

Article 8 (Limitation on Collection)

(1) CCTVs shall not be arbitrarily manipulated or shoot other places beyond the purpose of their installation during collection of footages.
(2) Footage rotation and zooming features that have no relation to the purpose of CCTV installation may not be used during collection of footages.

Article 9 (Limitation on Processing)

Footages of a data subject may not be used for other purposes than the CCTV installation purpose or be granted access or provided to a person who has no access authority: Provided, That this shall not apply in any of the following circumstances:

1. Where consent is obtained from the data subject;
2. Where the data is given access or provided to the data subject;
3. Where special provisions exist in other laws;
4. Where the data is provided in a pseudonymized manner when it is required for the purposes of reporting by the media through newspapers or broadcasting;
5. Where there is an urgent reason for not obtaining the data subject's consent when the risk that the rights and interests of the data subject may be infringed is clear and present;
6. Where it is necessary for the investigation of a crime, indictment, and/or prosecution; or
7. Where it is necessary for the enforcement of punishment, probation, and custody.

Article 10 (Safeguards, etc.)

The Company shall designate a place where footages transmitted by CCTVs are actually accessed and played (“Control Center”) as a restricted zone and strictly limit the access of individuals apart from those who have been granted the authority.
(2) The Company shall limit the authority to access footages to CCTV Managers and the minimum number of designated personnel.
(3) The Company shall regularly inspect and check the normal operation of CCTVs and keep an accurate record regarding the matters.
(4) The Company shall seek for technical and managerial safety measures in response to illegal access, alteration, leakage, and damage of footages.
(5) The Company shall prepare a training course on the personal information protection of data subjects for those who are granted authority to access footages.

Article 11 (Request for Access, etc.)

(1) A data subject may request to confirm the existence, access, and/or delete footages to the Company.
(2) In relation to the request as mentioned in the paragraph (1) of this Article, the Company shall take immediate action in accordance with Article 5(5).
(3) Notwithstanding Paragraph (2) of this Article, the Company may refuse to take action in the event of any of the following circumstances. In this case, the grounds for refusal and objection method shall be informed (including information and communications networks) to the data subject within seven (7) days.
- 1. Where it may cause grave difficulties in performing investigation of crimes, prosecution, and conduct of trials;
- 2. Where deleting only the footages of a specific data subject is extremely difficult in technical manner;
- 3. Where taking appropriate action as prescribed in Paragraph (1) of this Article may infringe upon other's privacy rights; or
- 4. Where there are appropriate grounds to refuse the request for access, etc., that meet the public interest.

Article 12 (Retention and Deletion)

Footages collected through CCTVs shall be deleted without delay once the data retention period mentioned in the Plan expires: Provided, That when it is difficult to determine the minimum period of time required to achieve the purpose of data retention due to the nature of a division, the retention period shall be within thirty (30) days after the collection of footages.

CHAPTER IV SUPPLEMENTARY PROVISIONS

Article 13 (Consignment of Duties)

(1) In the event of consigning the duties in relation to the installation, operation, and management of CCTVs, the Company shall take necessary safety measures to prevent the abuse of footages and supervise the consignee.
(2) The consignee who is granted authority to access footages in relation to paragraph (1) of this Article shall undergo a training course as mentioned in Article 10(5).[lh1]

Article 14 (Confidentiality)

Those who handle or have handled footages shall not use the obtained data for inappropriate purposes, such as revealing, processing without authority, and/or providing for the use of another person.

Article 15 (Exclusion)

This Policy shall not be applied to CCTVs installed and operated to supervise the duties of individuals who are with the military regardless of their duties.

Sustainability improvement of the existing projects

Development of new projects with high sustainability

Cost Reduction by 50% Compared to Water Spray TrucksScattering Dust Reduction Agent