POSCO FUTURE M is committed to establishing a responsible chain of mineral supply as our solution for solving social problems such as human rights violations that occur when mining minerals, environmental destruction, direct or indirect support to non state armed groups, money laundering, bribery and fraudulent misrepresentation of the origin of minerals. Thus, we have laid down a five-step process based on the OECD Due Diligence Guidance.

Responsible minerals are those that are mined such that does not fund armed conflicts, respects human rights and the environment, and fulfills social responsibilities. The international community attaches great importance to corporate responsibility for responsible minerals given the seriousness of conflict zones across the African continent (e.g. armed groups seizing distribution networks, child labor, human rights violations), the home of major responsible minerals. Accordingly, POSCO FUTURE M complies with the OECD Due Diligence Guidance for Responsible Supply Chain of Minerals and the RMI Responsible Minerals Assurance Process.

As a global company, POSCO FUTURE M takes into account the future of mankind and the environment, while staying committed to fulfill its responsibilities. We are establishing a responsible chain of mineral supply as our solution of solving social problems such as human rights violations that occur when mining minerals, direct or indirect support to non state armed groups, money laundering, environmental destruction, bribery and fraudulent misrepresentation of the origin of minerals.

Thus, POSCO FUTURE M is implementing the following process.

If POSCO FUTURE M does not receive sufficient information from the supplier to verify compliance with the Responsible Mineral Sourcing Policy, or if risks are found in the supplier’s supply chain and it does not take appropriate action, we will encourage the supplier to improve its capability by means of training or due diligence; POSCO FUTURE M may stop business with the supplier that intentionally provides false information or does not make efforts to correct the situation.

By conducting these activities, POSCO FUTURE M will actively participate in international efforts to source minerals responsibly, thereby fulfilling the social responsibility to protect human rights and the environment in conflict zones.