Climate Governance
Climate Change Management System
Climate change response is integrated into POSCO’s overall decision-making system. The ESG Committee under the Board of Directors reviews and discusses climate change response strategies and facility investment plans. The Carbon Neutrality Committee, chaired by the CEO of POSCO, acts as the control tower for climate change response, checking the carbon neutrality implementation status by department and addressing issues arising in the implementation process. At the monthly management briefing, GHG emission performance and the financial impact of climate change response are monitored.
The Carbon Neutrality Strategy Office, responsible for carbon neutrality strategy formulation and implementation monitoring, was integrated with the Steel Production and Technology Strategy Office directly under the CEO of POSCO in January 2024, enhancing the execution power for carbon neutrality implementation. The Steel Production and Technology Strategy Office develops technologies needed to implement the carbon neutrality roadmap and addresses issues arising in the production process. Additionally, to effectively transition to a low-carbon steel production system, the ‘HyREX Project TF Team’, which operated as a temporary organization in January 2024, was expanded and reorganized into the ‘HyREX Project Team’ directly under the CEO of POSCO in January 2024. Similarly, the existing ‘Electric Arc and Smelting Furnace Project TF Team’ was expanded and reorganized into the ‘Electric Arc and Smelting Furnace Project Team’ under the Gwangyang Steelworks, strengthening the business execution power.