- The first among Korean non-financial companies.
Participation in the development of standards for disclosure of
financial information related to biodiversity
- POSCO Holdings takes the lead in protecting the endangered
species "Vicuña" near the salt lake of Hombre Muerto in
Argentina
SEOUL, South Korea,
May 24, 2022 /PRNewswire/ -- POSCO
Holdings has joined TNFD (Taskforce on Nature-related Financial
Disclosures), which sets standards for biodiversity-related
information disclosure.
TNFD is a global consultative body that was officially launched
in June last year under the leadership of the United Nations
Development Programme (UNDP) and the World Wildlife Fund Inc. (WWF)
to establish standards for biodiversity-related information
disclosure. Currently, about 420 companies and organizations such
as BlackRock and BHP are participating. Among domestic companies,
POSCO Holdings is the fourth company to join after several domestic
financial companies and is the first among non-financial
companies.
By joining the TNFD, POSCO Holdings plans to participate in the
development of standards for biodiversity-related financial
information disclosure and strengthen biodiversity preservation
activities near the business site.
POSCO Holdings is discussing multiple measures with the local
government to protect Vicuña, an endangered species that lives near
the salt lake of Hombre Muerto in Argentina. Starting this year, POSCO Holdings
plans to comply with the TNFD guidelines by regularly inspecting
and managing the current status of protection activities for
animals and plants near the salt lake while transparently
disclosing relevant information to stakeholders.
POSCO is taking the lead in restoring the marine ecosystem
through the creation of a sea forest using the artificial reef
Triton and participating in the Clean Ocean Volunteer Group
activities that collect marine litter. POSCO E&C has been
promoting the urban beekeeping business since last year. POSCO
International has acquired RSPO (Roundtable on Sustainable Palm
Oil), an eco-friendly international certification related to
Indonesian palm farms, and strictly complies with standards
governing environmental protection and community obligations in all
stages of the palm business.
Starting this year, POSCO Group plans to set carbon-neutral and
work site safety including biodiversity as its core agenda, and
will raise awareness of ESG management and ability to respond to
ESG issues through the Group's ESG Council.
Logo -
https://mma.prnewswire.com/media/1824495/02_POSCO_HOLDINGS__English.jpg