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Social(S)
POSCO DX contributes to creating economic and social value through social contribution activities based on industry characteristics & expertise.
Social Contribution
POSCO DX contributes to creating economic and social value through social contribution activities based on industry characteristics & expertise.
Company business-related social contribution
Based on the characteristics and expertise of the business, such as AI technology, we are committed to business-linked social contribution activities for ecosystem restoration & biodiversity conservation.
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Spreading and establishing a roadkill prevention system
With a business memorandum of understanding formed with the National Park Service, we plan to roll out a roadkill prevention system on a pilot basis at Hallyeohaesang National Park and expand it to general roads by upgrading it in 2024. We contribute to preventing roadkill and traffic accidents, wild animals analysis by through AI-based intelligent CCTV, lidar sensors, & control systems.
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Pilot rollout of a forest fire detection system
We plan to roll out a pilot forest fire detection system within Gyeongju National Park under a business memorandum of understanding formed with Gyeongju National Park, and also work to support the frontline response to forest fires by quickly detecting forest fires, analyzing data, and notifying operating agencies in real time through AI-based intelligent CCTV and control systems.
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Promoting measures to utilize sea urchins, which cause ocean desertification.
To create social value, POSCO Group and major domestic universities plan to cooperate in leading a project to preserve the marine ecosystem and turn waste into resources by collecting sea urchins, which cause ocean desertification.
Developing future generation IT capabilities and supporting the growth of underprivileged people
By utilizing the company's core capabilities, resources, & technology, we create social value by developing future generation IT capabilities and supporting the growth of underprivileged people.
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Coding dream training class
Capitalizing on the characteristics of the IT/EIC industry, in-house instructors with specialized capabilities in each field provide coding education to elementary school students who lack equal access to IT education in cooperation with each municipality's education support office.
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AI technology mentoring for future generation youth
Since 2020, we have been holding an AI creativity contest for middle & high school students nationwide. Through technical mentoring support for executives & employees, we provide training opportunities for specialized technologies in the AI and big data fields and contribute to nurturing talent poised to lead the future IT industry.
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Training YouTube creators with disabilities
As part of the CI project in which a total of 10 public & private companies participate, since 2019, we have supported online/group education, follow-up growth, and national contests to help people with disabilities grow into professional YouTube creators and become independent.
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Support for the youth preparing for self-reliant livelihood
As part of the 1) CI project, we operate 1:1 customized job mentoring and employment competency strengthening programs for the youth who aspire to be IT field-related experts, supporting the self-reliant livelihood & social adjustment of underprivileged youth and constantly contributing to mitigating poor employment.
1) CI(Collective Impact) business? A business that creates a larger scale impact by presenting integrated solutions with the capabilities of group companies and external organizations to solve social problems.
Practicing eco-friendly social contribution
All executives & employees recognize the importance of environmental protection & ecosystem preservation and voluntarily participate in carbon-neutral & eco-friendly social contribution activities.
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Grow one potted plant per employee
With a business memorandum of understanding formed with the Hallyeohaesang National Park Office, this daily routine activity contributes to the preservation of the ecosystem by collaborating with the National Park Plant Conservation Center to distribute nationally protected plants to executives & employees, propagate them for one year, and return them to their original habitat.
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Marine ecosystem restoration activities
Having signed a business memorandum of understanding with the Korea Fisheries Resources Agency and the Hallyeohaesang National Park Office, we are transplanting seaweed, such as ecklonia cava, to the eastern coast and monitoring their growth through employees' talent donations,, and on the southern coast, we are staging various activities like conducting an ecological zone survey of endangered species, and leech seed collection.
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Carbon offset forest management
With a business memorandum of understanding formed with the Gyeongju National Park Office, we plan to pursue forest carbon offset certification upon establishing forests in the future through activities where executives & employees help improve the health of the ecosystem by planting oak trees & azaleas on bare land created artificially and naturally within Gyeongju National Park.
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Eco-friendly recycling craft production and support activities
Through recycling activities that upscale industrial waste, such as employees' unused clothing, into useful accessories, we are operating a hands-on craft experiential program that incorporates hand and brain exercises for vulnerable seniors.
Community sharing practice
Through voluntary talent donations by executives & employees, we are working with municipalities and NGOs to stage various activities such as improving the residential environment of vulnerable groups such as the elderly living alone and providing education on using digital devices.
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(Pohang/Gwangyang) Support for electrical repairs for cultural assets/vulnerable groups
By capitalizing on our executives & employees' talents, including their knowledge, technology, and experience, we are actively engaged in activities to preserve cultural assets in Gyeongju National Park and restore aging electrical equipment for vulnerable single-parent families and the elderly living alone.
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(Seongnam) Support for wallpapering/flooring to improve residential environment
With a business memorandum of understanding formed with the Seongnam Fire Station, and employees donate their talents to help replace wallpaper and flooring equipment for the elderly living alone & fire-susceptible households, with the fire Station pursuing joint contribution activities to support fire prevention sensors.
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(Seongnam) Digital device utilization training
As part of the CI project in which a total of 10 public & private companies participate, since 2019, we have supported online/group education, follow-up growth, and national contests to help people with disabilities grow into professional YouTube creators and become independent.
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(Seongnam) Support for audio book production by artists with disabilities
Employees participate in voice talent donation to produce and support audiobooks for the winning works of the ‘Happiness Festival’ essay contest, providing artists with disabilities with an opportunity to realize their dreams and further grow as distinctive artists.
Social Contribution Performance
POSCO DX Social Contribution Activities in Numbers (as of 2023)
- POSCO 1% Sharing
Donations (KRW) - 510M
- Other donations
(KRW) - 1070M
- Number of employee
volunteers - 1,631
- Hours of volunteer
service - 32,946
Safety Management
Making safety a top priority in its management, POSCO DX strives to create a workplace that protects the safety and health of its employees and suppliers' workers.
Safety and Health Management Policy
Based on the CEO's safety and health policy, POSCO DX continuously supplements and improves workplace safety and health through the process of planning, implementation, inspection, and action to raise the level of safety and health activities. We also strive to create a safe and healthy workplace by running health promotion programs, such as improving the working environment and managing stress.
Safety and Health Management Policy
POSCO DX recognizes the 'safety' and 'health' of all people working together as the top priority of its corporate management and actively implements the following to create a safe and healthy workplace for all employees and stakeholders.
- We prioritize safety over all other values, including project duration, quality, and deadline.
- We share our safety and health goals and values with management, employees, and suppliers and their workers at all times and cooperate with each other in a win-win manner.
- We are clearly aware of and fully comply with health and safety laws and internal policy.
- We proactively identify and address health and safety risks on a regular basis.
- We continuously review and improve our health and safety work processes.
- We implement and participate in infectious disease prevention and health promotion activities.
- We ensure that workers can participate in and be consulted about health and safety activities.
Health and Safety Management System
POSCO DX has obtained ISO45001 and KOSHA-MS certifications to establish a safety and health management system based on international standards and has been selected as an excellent workplace for worker health promotion activities based on its efforts to improve the healthy life of its employees.
ISO45001 KOSHA-MS
- Plan
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Establish health and safety goals and plans
Form a safety and health organization
Review legislation and document the system
- DO
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Assess risks and operate councils
Safety and health education and activities
On-site self-inspection/assessment
- Check
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Headquarters inspection/diagnosis/evaluation
Third-party evaluation
- Act
- Management review / corrective and preventive action
- Management Policy
- Amend and supplement the Safety and Health Management Policy
2023 Health and Safety Goals and Strategies
POSCO DX strives to build a unique safety and health culture where all employees and suppliers' workers can work in a safe environment based on the goal of zero major accidents and a TRIFR safety index of 0.39 or less to realize an accident-free workplace.
- Vision
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Safety With POSCO
Establish a safe and healthy workplace by internalizing company-wide safety
and health systems.
- Goal
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Zero major accidents,
and TRIFR safety index of 0.39 or less.
- Key strategies
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Establish autonomous prevention system.
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Enhance field-centric safety audits.
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Increase safety awareness and drive engagement.
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Expand proactive occupational health activities.
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- Safety performance KPIs
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Accident rate [Unit: %]
- KPI definition
- (Number of casualties / Number of full-time workers) X 100
- TRIFR goal for 2023: 0.39 or less
- Introduced the TRIFR Safety Index, which includes minor injuries to enhance proactive safety control.
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Major casualties [Unit: Persons]
- KPI definition
- Major casualties
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- Long-term KPI
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TRIFR in 2025: 0.69,
TRIFR in 2025: 0.79 or below
Shared Growth
POSCO DX aims to grow together with all stakeholders, including partners and customers, based on trust. We leap into the future together with SMEs through various training and technical support programs, as well as funds to alleviate their financing difficulties, and practical shared growth activities, such as sharing achievements and listening to their pain points.
Goal
POSCO DX is in line with 3T, POSCO Group's motto for shared growth.
3T means “Establishing Tomorrow-oriented relationship with our 1st tier to 4th tier partners based on mutual Trust to pursue growth Together.”
Technical Support
To secure the global competitiveness of the entire supply chain by improving the technological competitiveness of SMEs, we operate programs, such as Techno Partnership, new product development with purchase condition, and joint public-private R&D funds.
Support for Education and Training
Based on the POSCO Group's excellent human resources, we provide free educational opportunities to employees and their families of SMEs and support factory innovation activities through specialized personnel.
Financial Support
We operate programs such as the POSCO Family Financial Support Program and Network Loan to help SMEs resolve financing difficulties and support liquidity.
Purchasing Cooperation
Based on our trusting relationship with SMEs, we provide pro bono support, such as on-site innovation through our Benefit Sharing program and Shared Growth Support Group activities.
Partner Support Program Highlights for 2023
| Type | Programs | Results in 2023 |
|---|---|---|
| Partner revenue improvement |
Package deal support for SMEs. Buyer meetings to support sales of SMEs. |
5 companies / KRW 1.280 B 10 times / 47 companies |
| Financial support |
Favorable payment condition. Warranty fee waiver and win-win cooperation fund. Advance payment for Increasing liquidity. Operation of a transparent win-win payment system. |
Paying 2 times a week in cash KRW 39.745 B 32 cases / KRW 6.53 M KRW 6.760 B |
| Technical support and protection |
Collaborative R&D. ESG management support for SMEs (checklists, etc.). |
11 cases / KRW 3.12 M |
| Training |
Job training for partner employees. Productivity and quality improvement. |
17 companies / 288 persons 113 cases |
| Welfare support |
Flu vaccine. Family event support for excellent suppliers. |
8 companies / 40 persons 16 companies / 28 persons/ KRW 7.55 M |
| Processing results of partner's opinions |
VOC system Supplier communication room |
4 cases / 100% 1 cases / 100% |
Human Rights Management
POSCO DX pursues coexistence with customers, employees, shareholders and investors, partner companies, and local communities, and respects the human rights and diversity of all stakeholders.
POSCO Group Human Rights Commitment
POSCO Group is committed to respecting the human rights of all of our stakeholders, e.g., employees, investors, customers, business partners, and local communities. Our goal is to achieve lasting success by growing with the societies where we
operate.
Our commitment to respecting human rights is informed by POSCO Group’s Human Rights Policy*, which defines our basic principles and action plans. Hence, systems are in place to implement and monitor our human rights practices in compliance
with international standards, e.g., the Universal Declaration of Human Rights, the International Bill of Human Rights, the UN Guiding Principles on Business and Human Rights, the Core Conventions of the International Labour Organization, the
OECD Guidelines for Multinational Enterprises, the UN Convention on the Rights of the Child, the UN Declaration on the Rights of Indigenous Peoples, the UN Declaration on Human Rights Defenders, and other international norms specifying the
rights of migrant workers, women, and people with disabilities.
* The Policy compiles sections on Human Rights Business Management, Diversity, Equity and Inclusion (DEI), Responsible Minerals, Supply Chain, and Stakeholder Engagement.
This Commitment articulates our firm resolve to protect and advance the human rights of all our stakeholders that include, but are not limited to, POSCO Group employees.
1. Key Areas for Human Rights Protection
Non-Discrimination, Prohibition of Child and/or Forced Labor, Freedom of Association and Collective Bargaining Just Transition, Occupational Health and Safety, Prevention of Workplace Harassment Responsible Supply Chain Management, Prevention
of Corruption and Bribery, Environmental Rights Human Rights in the Local Community, Consumer Human Rights
2. Human Rights Management System
Human Rights Governance, Human Rights Due Diligence, Grievance Mechanism, Stakeholder Engagement
Human Rights Management Policy
POSCO DX complies with international standards related to human rights, such as the UN Guiding Principles on Business and Human Rights, the UN Global Compact, the Universal Declaration of Human Rights, and the OECD Guidelines for Multinational Enterprises, and aims to implement human rights management based on respect for labor principles recommended by the International Labor Organization (ILO) and ratified by countries.
Diversity, Equity, and Inclusion Policy
POSCO DX believes that diversity, inclusion, and equity are important cultures and strives to improve them in all workplaces. We provide opportunities for diverse members to freely express their opinions, and we continuously discover and improve problems to build a fast and flexible organizational system. In addition, we prohibit discrimination based on gender, nationality, race, disability, etc., and by acknowledging and considering diversity and cultural differences, we create a workplace where all members are respected.
