POSCO FUTURE M said on the 23rd that it was listed as a "member" for the third consecutive year in S&P Global's "Sustainability Yearbook," earning recognition for its ESG (environmental, social responsibility, corporate governance) management performance.
Since 1999, S&P Global has conducted the Corporate Sustainability Assessment (CSA) each year by comprehensively evaluating performance and risk management levels in the areas of environment, society, and governance, and selects and releases top corporations by industry.
S&P Global's corporate sustainability assessment is recognized internationally as a credible ESG indicator. POSCO FUTURE M noted that it is used as a tool to verify corporations' global ESG leadership.
Last year, S&P Global evaluated about 9,200 listed corporations across 59 industries worldwide and assigned a total of 848 corporations to the "Top 1%," "5%," "10%," and "Member (15%)" tiers. In this assessment, POSCO FUTURE M was selected as a "member" corporation, ranking in the top 15% within the global electrical components and equipment industry.
A POSCO FUTURE M official said, "We received high marks for systematic ESG management activities such as reducing carbon emissions, managing supply chains, and strengthening safety and health management," adding, "Aiming to achieve decarbonization by 2050, we are expanding renewable energy, switching to low-carbon fuels, and improving process efficiency, and we use responsible minerals recognized as free from human rights abuses, such as tungsten and cobalt, as raw materials."