What are Mission Vision & Core Values of Posco Company?

The Posco Mission statement, "Corporate Citizenship: Building a Better Future Together," goes beyond mere profit-seeking. It signifies a commitment to societal contribution and sustainable development. This mission underscores Posco's dedication to creating value for all stakeholders.

A crucial aspect of the Posco Mission involves active engagement and communication with all stakeholders. This includes customers, employees, shareholders, and the broader community. Posco aims to foster strong relationships and mutual understanding.

The Posco Company emphasizes continuous change and innovation as essential drivers of sustainability and value creation. This focus enables the company to adapt to evolving market dynamics and technological advancements. Posco is constantly seeking new ways to improve its processes and offerings.

Posco actively seeks to create social value and promote mutual prosperity through its business operations. This approach ensures that the company's success benefits not only its shareholders but also society at large. This is a core tenet of the Posco Core Values.

Posco has set ambitious targets to reduce carbon emissions, demonstrating its commitment to environmental sustainability. The company aims to significantly cut emissions by 2030, 2035, and 2040, with a goal of achieving net-zero emissions by 2050. This is a key element of Posco's Vision for the future.

Posco's strategic expansion into rechargeable battery materials aligns with the growing demand for eco-friendly technologies, such as electric vehicles. This move supports the company's sustainability goals and positions it for future growth. This expansion is a key component of Posco Strategy.

The vision emphasizes a future-oriented outlook, focusing on long-term goals and anticipating industry shifts. This involves not only producing steel but also developing advanced materials that meet evolving market demands. This proactive stance positions POSCO to capitalize on emerging opportunities.

Innovation is a cornerstone of POSCO's vision. The company actively invests in research and development to pioneer new technologies and processes. This includes exploring sustainable steelmaking methods like hydrogen-based steelmaking (HyREX) to reduce carbon emissions.

A key element of POSCO's vision is its commitment to sustainability. This involves transitioning to a greener business portfolio and reducing its environmental footprint. This is crucial for long-term viability and aligns with global efforts to combat climate change.

POSCO's vision is supported by strategic investments in key areas, such as lithium production in Argentina and Australia, nickel operations in Indonesia, and graphite mines in Africa. These investments are vital for securing resources and expanding into new markets.

The vision aims to establish POSCO as a global leader in sustainable materials. This involves not only technological advancements but also a commitment to ethical and responsible business practices. POSCO's goal is to set industry standards.

POSCO's vision is not just theoretical; it's put into practice through various initiatives. For example, the company is investing heavily in the electric vehicle (EV) sector, supplying materials for batteries and other components. This demonstrates the practical application of its vision.

The "Materials for Tomorrow, Innovation for Excellence" vision directly informs POSCO's strategic investments in future growth engines. This is particularly evident in their expansion into rechargeable battery materials and hydrogen-based steelmaking, reflecting a forward-thinking approach to industry evolution.

POSCO's strategic decisions, such as the joint investment in a U.S. steel mill with Hyundai Motor Group, are a direct response to global trade challenges and a move towards securing a stronger foothold in the North American market. This demonstrates the company's adaptability and its vision for global leadership.

The restructuring of low-yield businesses and non-core assets, with a target of completing 106 projects by 2025, showcases a strategic focus on efficiency and resource allocation. This allows POSCO to channel investments toward high-growth areas aligned with its vision.

Emphasis on strategic alliances with global companies in the secondary battery materials business underscores POSCO's commitment to innovation. This approach ensures access to high-quality resources and technologies, crucial for future materials development and market competitiveness.

The reported KRW 5 trillion revenue from the battery materials segment in 2023 is a testament to POSCO's progress in diversifying beyond traditional steel. The planned mass production of advanced battery materials, such as Ultra Hi-Ni cathode materials by 2026 and silicon-carbon anode materials by 2027, further highlights the influence of its innovation-focused vision on product development.

These guiding principles shape day-to-day operations by fostering a culture of safety, ethical conduct, and continuous improvement. They also inform long-term planning for technological advancements and market expansion, ensuring that all activities align with the company's core values and strategic objectives.

Leadership plays a pivotal role in reinforcing POSCO's mission and vision. Chairman Chang In-hwa has outlined seven key tasks that directly reflect the company's strategic direction, emphasizing the importance of aligning actions with the overall Posco Strategy.

These tasks include strengthening the competitiveness of steel and secondary battery materials businesses, and accelerating the transition to a low-carbon steel production system, demonstrating the company's focus on sustainable growth and innovation. POSCO's leadership is committed to achieving its Posco Goals.

POSCO Holdings communicates its mission, vision, and core values to stakeholders through various channels, ensuring transparency and accountability. This approach builds trust and fosters strong relationships with investors, employees, and the public.

Key communication channels include annual reports, sustainability reports, investor relations presentations, and the company's ESG website, which provides detailed information on its sustainability performance and initiatives. POSCO's commitment to transparency is a core aspect of its corporate social responsibility.

POSCO demonstrates its core values through concrete business practices and operational decisions. This alignment between stated values and actual actions is crucial for building a strong corporate culture and achieving long-term success.

For example, stringent safety measures in POSCO's plants reflect the core value of Safety. Collaborations and joint ventures, such as the partnership with Hyundai Motor Group, demonstrate the pursuit of the 'Win-Win' value. Integrating ESG performance into executive remuneration highlights the importance of Ethics and responsible management.

POSCO Holdings utilizes formal programs and systems to ensure alignment between its mission, vision, and core values and its business operations. These systems provide a framework for sustainable growth and responsible business practices.

The Sustainable Financing Framework, aligned with international principles like the Green Bond Principles, guides investments in environmentally and socially beneficial projects. The company has an ESG Committee and an Audit Committee, including outside directors, to enhance governance and oversight of sustainability and ethical practices. POSCO's commitment to innovation and technology is also supported by these formal programs and systems.