POSCO Future M has been recognized for its ESG management performances by being named an Industry Mover in the 2023 Corporate Sustainability Assessment (CSA) of S&P Global, one of the world’s three largest credit rating agencies.
S&P Global conducts the Corporate Sustainability Assessment annually and gives the Industry Mover title to the top companies in each industry that improve their ESG scores by at least 5 percent year over year. POSCO Future M received a score of 69 in the assessment, a 33 percent year-on-year improvement. More than 9,400 companies from 62 industries around the world participated in the 2023 assessment and only 41 of them received the Industry Mover honor.
In addition, POSCO Future M was listed as a member of The Sustainability Yearbook for the first time. S&P Global approves companies in the top 15 percent of their respective industries and within the top 30 percent of scores in their respective industries as members.
POSCO Future M was highly recognized for its objective and practical ESG management activities that can be understood by various stakeholders including carbon emission reduction, supply chain management, and compliance.
With the goal of achieving carbon neutrality by 2050, POSCO Future M is expanding its GHG management indicators from current direct and indirect emissions (Scopes 1and 2) to other indirect emissions (Scope 3), which includes all corporate activities such as partnerships and logistics systems.