POSCO Future M included in DJSI Asia Pacific Index

It was chosen among the top 20% of companies in the region based on long-term economic, environmental, and social criteria

POSCO Future M included in DJSI Asia Pacific Index
Hyung-Kyu Kim 1
2023-12-12 15:53:07 khk@hankyung.com
ESG

South Korea’s battery materials maker POSCO Future M Co. announced on Tuesday that it was listed on Dow Jones Sustainability Asia/Pacific Index 2023 for the first time.

The Dow Jones Sustainability Index, published annually by S&P Global, is a sustainability index that evaluates companies on economic performance as well as environmental, social, and governance aspects.

This index is used globally by investors to make responsible investment decisions.

The Dow Jones Sustainability Asia/Pacific Index, which POSCO Future M has now joined, represents the top 20% of companies in environmental, social, and governance (ESG) management among 600 leading companies in the Asia and Pacific region.

Additionally, POSCO Future M has been included in the DJSI Korea for the second consecutive year, placing it in the top 30% of South Korea's 200 major companies.

POSCO FutureM is expanding its greenhouse gas management scope to include not only direct and indirect emissions (scopes 1 and 2) but also other indirect emissions (scope 3), encompassing its entire value chain.

This comprehensive approach is crucial for achieving its ambitious goal of carbon neutrality by 2050.

The company has published a corporate citizenship report and an ESG policy book that contains its ESG management performance.

Additionally, the company is enhancing its supply chain management by sourcing responsibly mined minerals for its key production materials, anode and cathode, ensuring these are certified free of human rights abuses.

Write to Hyung-Kyu Kim at khk@hankyung.com
#POSCO Future M #DJSI Asia Pacific Index #ESG #S&P Global

POSCO Future M sees cathode material prices falling 12% in Q4

POSCO Future M sees cathode material prices falling 12% in Q4

South Korean electric vehicle battery materials maker POSCO Future M Co. predicts that cathode material prices in the fourth quarter will drop as much as 12% year on year.  The falling prices of raw materials such as lithium are expected to continue the downturn in cathode material costs.

POSCO FutureM cuts carbon by recycling waste refractories

POSCO FutureM cuts carbon by recycling waste refractories

South Korea's battery materials maker POSCO Future M Co. announced on Monday its achievement in reducing significant carbon footprints by fully recycling waste refractories, a pivotal industrial material.Primarily extracted from seawater magnesia and shaped similarly to bricks, refractories

POSCO Future M aims to raise profit 20-fold by 2030

POSCO Future M aims to raise profit 20-fold by 2030

POSCO Future M President Kim Joon-Hyung unveils the company’s long-term business plan to employees on Aug. 28, 2023 (Courtesy of POSCO Future M) POSCO Future M Co., South Korea’s electric vehicle battery materials maker, aims to raise its profit by about 20 times and sales over tenf

POSCO Future M to produce nickel for cathodes in the Philippines

POSCO Future M to produce nickel for cathodes in the Philippines

POSCO Future M President Kim Joon-hyung (left), MC Group Chairman Michael Chen on Aug. 17 (Courtesy of POSCO Future M) South Korean battery materials maker POSCO Future M Co. is set to produce nickel in the Philippines to boost its cathodes supplies and improve profitability, the company said o
(* comment hide *}