POSCO FUTURE M

- Achieved the first A+ ESG rating since establishment, followed by the first selection as an Excellent Company

- Recognized for ESG improvement efforts and accomplishments, such as establishing a supply chain based on responsible minerals policy, maintaining healthy labor-management communication, and strengthening safety and health management

POSCO Future M has again been acknowledged for its ESG management performance through a leading domestic certification body.

On December 5th, POSCO Future M received the ‘ESG Excellent Company’ award at the ‘KCGS Excellent Company Award Ceremony’ held at the Korea Exchange in Yeouido, Seoul. The Korea Institute of Corporate Governance and Sustainability, the most reputable ESG evaluation institution in Korea, annually selects awardees by identifying three times the number of award companies based on total ESG evaluation scores and then conducting deliberations to finalize the recipients. This year, out of 1,066 companies, 13 companies (top 1.2%) were selected, including five ESG Excellent Companies, seven Corporate Governance Excellent Companies, and one Honorary Company.

POSCO Future M was selected as an ESG Excellent Company for the first time, recognized for its ESG improvement efforts and achievements, including △ the establishment of a sustainable raw material supply chain based on a responsible minerals policy, △ the operation of regular communication channels between labor and management to foster healthy labor-management relations, △ the strengthening of safety and health management, △ continuous community symbiotic activities and accomplishments, and △ the establishment of a compliance-based management system. Additionally, in the 2024 evaluation by the Korea Institute of Corporate Governance and Sustainability announced last October, POSCO Future M received a comprehensive grade of ‘A+’ (Very Excellent), placing it in the top 1.9% (20 companies). This achievement has heightened expectations for its inaugural selection as an ESG Excellent Company.

Meanwhile, in December last year, POSCO Future M was newly included in the ‘DJSI Asia Pacific’ index during the ‘2023 Dow Jones Sustainability Index (DJSI)’ evaluation, acknowledging its ESG management performance. The ‘DJSI Asia Pacific’ index comprises the top 20% ESG-performing companies among 600 major companies in the Asia-Pacific region. Furthermore, in February this year, POSCO Future M was selected as an ‘Industry Mover’ by S&P Global’s 2023 Corporate Sustainability Assessment, awarded to companies that improved their ESG scores by more than 5% compared to the previous year among top companies in each industry.