POSCO Company Overview 2020

POSCO Overview POSCO Vision POSCO Business Key Activities POSCO Affiliates Environmental Management Top Priority in Management Activities Top Priority in Management Activities: Environment POSCO Low Carbon Future Strategy Green Process Development of Carbon Capture, Utilization, and Storage (CCUS) technology Commercialization of Hydrogen Reduction (HyREX) technology Green Product Low-carbon steel products Lithium-ion battery materials Green Partnership Public disclosure of carbon information Climate change partnership POSCO's 2050 Carbon Neutrality Declaration In December 2020, POSCO declared its commitment to become carbon neutral by 2050. We are proactively responding to climate change. Based on hydrogen reduction steelmaking technology, POSCO's carbon net-zero roadmap at operation sites aims to reduce emissions in phases: 10% by 2030, 50% by 2040, and net-zero by 2050. In parallel with work site carbon abatement efforts, we have set a goal to achieve avoided emissions (10% by 2030) by introducing low-carbon alternatives and recycling manufacturing by-products. 10% 2030 50% 2040 Net-Zero 2050 * Reduction against the average operation site emissions (78.8 MtCO2) in 2017-2019 10

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