POSCO E&C

our promise to preserve nature.

We commit to operating sustainably

Since the adoption of the Paris Agreement, a growing number of businesses and governments have been vowing to achieve carbon neutrality. Climate has become an overarching agenda reshaping the global economic landscape. At POSCO E&C, we see climate action as an imperative. To make sure our business is sustainable, we commit to our responsibility as a corporate citizen.

2050 Carbon Negative Roadmap

Our Commitment to 2050 Carbon Neutrality

To ensure organized and consistent response to climate change, we have developed a mid- to long term roadmap to net zero by 2050. Our business strategies incorporate targets and tasks for both the near-term and the mid- to long-term that will help us achieve the 2050 carbon net-zero ambition.

2021
Developed net-zero strategies.
Analyzed climate impact and defined strategies.
- To establish a system of governance for climate response initiatives; to define the roles and responsibilities of relevant departments and launch the Carbon Neutrality Council
- To monitor performance of low-carbon pilot projects at construction sites and buildings
- To define mid- to long-term business strategies aligned with climate goals
- To upgrade GHG emissions control system
- To define emissions scope and targets across the value chain
- To sign up to the Carbon Disclosure Project (first CDP score in 2022)
2022~2030
Develop and launch a low-carbon business scheme.
Implement climate response strategies.
- To join Korea RE100 (2022 onwards)
- To deliver significant emissions savings through renewable energy projects (2025 onwards)
- To enter global markets for GHG emissions reduction projects
- To develop technologies to combat climate change to acquire more projects
- To monitor and quantify emissions savings along the value chain; to track value chain emissions and set more ambitious goals
2030~2050
Become a top-tier construction company responding to climate change
Lead the climate change market from competitive edges
- Securing a leading position in low-carbon management and contributing to POSCO Group’s carbon neutrality
- Leading domestic and overseas low-carbon businesses - Hydrogen infrastructure, smart water management, etc.
- Leading the domestic zero-energy building market
- Commercializing technologies related to climate change and securing market advantages
- Contribution to carbon neutrality by major supply chains, customers and suppliers

Low-Carbon Business Strategies

Redevelop business model to lead the way to low-carbon future.

To stay ahead in the new climate regime, we will transition to a low-carbon business model based on our 1.5℃ scenario analysis to assess how we can get to that goal aligned to market change. Our business is guided by five objectives: to sharpen our competitive edge in existing businesses; to explore new sustainable business opportunities; to find business opportunities in a changing climate; to expand global presence; and to lead the future construction market. To achieve these goals, we will strengthen R&D capabilities in climate technologies and leverage green financing for low-carbon projects. By doing so, we will identify global business opportunities in climate response.

Make Existing Businesses
More Sustainable

Power generation
Low-carbon power generation
- Halt any new coal-fired power generation projects
- Launch renewable projects, e.g., gas-to-power (using existing LNG terminals), fuel cell power generation
Infrastructure
Climate response
- Secure an early advantage in local and global water service markets, e.g., seawater desalination, smart water management
- Promote organic waste recycling and launch waste-to-energy projects, e.g., biogas, waste heat
- Improve aging infrastructure by applying climate adaptation techniques
Construction
Energy efficiency improvement
- Initiate zero-energy buildings and green remodeling projects
- Support green construction projects
- Develop smart and green industrial complexes and cities that incorporate cutting-edge digital technologies

Develop New
Sustainable Projects

Renewable energy
Expand projects in Korea and abroad
- Enter new offshore solar and wind markets
- Increase emissions savings through global renewable projects and sell carbon credits
Hydrogen
Develop low-carbon technology breakthroughs
- Collaborate with POSCO to develop projects across the hydrogen value chain and gain an early market foothold
- Build the necessary infrastructure for hydrogen projects, e.g., byproduct hydrogen, ammonia storage tanks
Rechargeable batteries
Enhance engineering capabilities
- •Exploit the captive market for battery materials, e.g, lithium, anode and cathode materials, by acquiring core technologies

Build Green Hydrogen Production Facilities and Infrastructure

To deliver the Group-wide goal to develop core technologies and capacity to produce hydrogen, POSCO E&C will build hydrogen-based power generation facilities and a smart hydrogen city.

Green hydrogen Solar and wind systems, electrolyzers
Hydrogen storage Liquid hydrogen storage technology ensures safety
Hydrogen use infrastructure Smart hydrogen city equipped with hydrogen filling stations and power plants

Wind

Strengthen Offshore Wind Power Business

To deliver the Group-wide goal to develop core technologies and capacity to produce hydrogen, POSCO E&C will build hydrogen-based power generation facilities and a smart hydrogen city.

LNG

First-class Terminal Services For LNG, an Eco-Friendly Energy Source

Around the world, a number of aged coal-fired or heavy fuel oil power plants are being converted to combined cycle power plants or LNG terminals. To facilitate the transition, we developed gas-to-power project models for various power capacity levels.

•No. 6 LNG tank project, Gwangyang, Korea
•Combined cycle power plant and terminal project, Colon, Panama

Environmental Management

POEMS, our environment management system aligned with international standards

At POSCO E&C, we are keenly aware of the environmental impact of EPC business – particulate matter, noise, waste – and employ rigorous measures to address it. In particular, we operate the ISO 14001-certified POSCO E&C Environment Management System specifically designed for an EPC company.

Design
1. R&D
- Eco-friendly engineering processes
- Digital tools for sustainable construction
2. Design
- Eco-friendly design
- Risk prevention and removal
Purchase
3. Purchase
- Assistance to suppliers to help develop eco-friendly products
- Eco-friendly digital solutions
Construction
4. Construction
- Eco-friendly site management
- Environmental risk management
5. Waste disposal
- Waste management system
- Waste reduction
Communication
6. Marketing
- Idea and best practice contest
- Sustainability campaigns

Spray Truck Operation Cost Cut by 50%
By using eco-conscious dust control agent

The Infrastructure Research Group at our R&D Center collaborated with the Ministry of Environment, local universities and small enterprises to develop a low-cost, energy-efficient dust control agent that uses eco-friendly hybrid polymer.

* The agent has been applied to the Iksan-Pyeongtaek Expressway (section 11).

Smart Spray System
Wins Top Prize at the Construction Environment Management Best Practices Awards.

In partnership with smaller businesses, we developed an unmanned, remote controlled spray system. Fitted with an engine, the spray system automatically adjusts the angle of its nozzle, offering an effective alternative to manual dust suppression at dangerous construction sites.

CCTV Operation policy

CCTV Policy for the Protection of Personal Information

CHAPTER I GENERAL PROVISIONS

Article 1 (Purpose)

The purpose of this Policy is to fulfill appropriate duties and comply with applicable laws by setting matters POSCO E&C Ltd. (the “Company”) must comply with in relation to the installation and operation of closed-circuit televisions and protection of footages.

Article 2 (Definitions)

The terms used in this Policy shall be defined as follows:

1. The term closed-circuit television (“CCTV”) is a type of communication network, in which the footages recorded from the CCTVs located in specific sites are collected and transmitted to exclusive receivers through wired/wireless closed-circuit channels.
2. The term “footage” refers to CCTV recordings of which the recorded subject can be identified.
3. The term “data subject” refers to an individual who can be identified from the footage; that is, the subject of footage.
4. The term “processing” refers to the act of handling data collected through CCTVs, such as inputting, saving, editing, deleting, playing, and other similar acts, excluding the collection of such data.

Article 3 (Scope of Application)

(1) In relation to the installation and operation of CCTVs needed for crime prevention, facility security, and fire safety, as well as the protection of footages that are collected and processed by the aforementioned reasons, the provisions of this Policy shall be observed, unless special provisions are stipulated in other laws.
(2) Use of auxiliary cameras for CCTVs installed and operated by the Company shall also comply with this Policy, regardless of the fact whether their recordings are treated as actual footages or not.

Article 4 (Protection of Footages)

(1) The Company shall collect minimum scope of footages that meets the purpose of CCTV installation.
(2) The Company must have the data subject clearly aware of the installation purpose as mentioned in paragraph (1) of this Article. The footages shall not be used for other purposes than the said purpose.
(3) The Company shall secure accurate and the latest footages and manage them in a safe manner.
(4) The Company shall disclose general matters in relation to the handling of footages and protect the rights of data subjects.

CHAPTER II REQUIREMENTS FOR CCTV INSTALLATION

Article 5 (Notification of Installation Plans, etc.)

In the event of installing a CCTV, the Company shall prepare a CCTV installation and operation plan (“Plan”) that includes the following items:

1. Purpose of CCTV installation;
2. Division in charge of CCTV control: Handling officer and contact details;
3. Number of cameras, locations, performance, and scope of recording of the CCTV to be installed and operated;
4. Standard of the caution sign to be installed and the installation location in accordance with Article 7(1);
5. Contents, procedures, and methods regarding the data subject's exercise of rights and means of objection;
6. CCTV recording time, retention period of footages, methods of storage, management, and deletion of footages, and storage location of footages;
7. Actual location where footages transmitted from CCTVs are accessed and played, and access control to the said location;
8. Grounds, procedures, and methods of providing or granting access to footages to a third party; and
9. Other matters recognized to be necessary for the protection of footages

Article 6 (Designation of CCTV Managers)

(1) The head of the division in charge of the installation and operation of CCTVs shall be designated as the CCTV General Manager, while his or her staff shall be designated as CCTV Operation Manager(s) (“CCTV Manager(s)”).
(2) The CCTV Manager shall take charge of duties in relation to the installation and operation of CCTVs, reception and handling of complaints, and collection and processing of footages.
(3) The CCTV Manager shall designate and manage a separate Personal Information Handler and inform the CCTV General Manager of relevant information in the event of CCTV installation and/or other changes.

Article 7 (Installation of Caution Signs)

(1) In the event of installing a CCTV, the Company shall put up caution signs regarding CCTV operation and the collection of footages for the recognition of data subjects.
(2) The signs in relation to paragraph (1) of this Article shall mention the following items:
- 1. Purpose of CCTV installation;
- 2. Recording scope and time; and
- 3. Information on the CCTV handling division, CCTV Manager, and contact details
(3) The signs in relation to Paragraph (1) of this Article shall be installed within the recording scope where they are easily visible and understood by data subjects.
(4) Notwithstanding Paragraph (2), in the event of installing several CCTVs in the Company’s building, the sign that complies with Paragraph (1) may mention that the whole building is within the recording scope and can be attached only on the building exits.

CHAPTER III REQUIREMENTS FOR HANDLING FOOTAGES

Article 8 (Limitation on Collection)

(1) CCTVs shall not be arbitrarily manipulated or shoot other places beyond the purpose of their installation during collection of footages.
(2) Footage rotation and zooming features that have no relation to the purpose of CCTV installation may not be used during collection of footages.

Article 9 (Limitation on Processing)

Footages of a data subject may not be used for other purposes than the CCTV installation purpose or be granted access or provided to a person who has no access authority: Provided, That this shall not apply in any of the following circumstances:

1. Where consent is obtained from the data subject;
2. Where the data is given access or provided to the data subject;
3. Where special provisions exist in other laws;
4. Where the data is provided in a pseudonymized manner when it is required for the purposes of reporting by the media through newspapers or broadcasting;
5. Where there is an urgent reason for not obtaining the data subject's consent when the risk that the rights and interests of the data subject may be infringed is clear and present;
6. Where it is necessary for the investigation of a crime, indictment, and/or prosecution; or
7. Where it is necessary for the enforcement of punishment, probation, and custody.

Article 10 (Safeguards, etc.)

The Company shall designate a place where footages transmitted by CCTVs are actually accessed and played (“Control Center”) as a restricted zone and strictly limit the access of individuals apart from those who have been granted the authority.
(2) The Company shall limit the authority to access footages to CCTV Managers and the minimum number of designated personnel.
(3) The Company shall regularly inspect and check the normal operation of CCTVs and keep an accurate record regarding the matters.
(4) The Company shall seek for technical and managerial safety measures in response to illegal access, alteration, leakage, and damage of footages.
(5) The Company shall prepare a training course on the personal information protection of data subjects for those who are granted authority to access footages.

Article 11 (Request for Access, etc.)

(1) A data subject may request to confirm the existence, access, and/or delete footages to the Company.
(2) In relation to the request as mentioned in the paragraph (1) of this Article, the Company shall take immediate action in accordance with Article 5(5).
(3) Notwithstanding Paragraph (2) of this Article, the Company may refuse to take action in the event of any of the following circumstances. In this case, the grounds for refusal and objection method shall be informed (including information and communications networks) to the data subject within seven (7) days.
- 1. Where it may cause grave difficulties in performing investigation of crimes, prosecution, and conduct of trials;
- 2. Where deleting only the footages of a specific data subject is extremely difficult in technical manner;
- 3. Where taking appropriate action as prescribed in Paragraph (1) of this Article may infringe upon other's privacy rights; or
- 4. Where there are appropriate grounds to refuse the request for access, etc., that meet the public interest.

Article 12 (Retention and Deletion)

Footages collected through CCTVs shall be deleted without delay once the data retention period mentioned in the Plan expires: Provided, That when it is difficult to determine the minimum period of time required to achieve the purpose of data retention due to the nature of a division, the retention period shall be within thirty (30) days after the collection of footages.

CHAPTER IV SUPPLEMENTARY PROVISIONS

Article 13 (Consignment of Duties)

(1) In the event of consigning the duties in relation to the installation, operation, and management of CCTVs, the Company shall take necessary safety measures to prevent the abuse of footages and supervise the consignee.
(2) The consignee who is granted authority to access footages in relation to paragraph (1) of this Article shall undergo a training course as mentioned in Article 10(5).[lh1]

Article 14 (Confidentiality)

Those who handle or have handled footages shall not use the obtained data for inappropriate purposes, such as revealing, processing without authority, and/or providing for the use of another person.

Article 15 (Exclusion)

This Policy shall not be applied to CCTVs installed and operated to supervise the duties of individuals who are with the military regardless of their duties.

Make Existing Businesses More Sustainable

Develop New Sustainable Projects

Spray Truck Operation Cost Cut by 50%By using eco-conscious dust control agent