POSCO Charter of Corporate Citizenship

Companies achieve lasting growth and sustainability by pursuing harmony within the society where businesses operate. As a member of the social community, companies who have benefitted from resources provided by the society should look beyond profit, engage in addressing social issues and contribute to the prosperity of mankind and to making the world a better place. We believe that this is the right way to move forward.

POSCO, under its management philosophy of ‘Corporate Citizenship: Building a Better Future Together’, will engage and communicate with all stakeholders including customers, employees and shareholders, and continually seek changes and innovation in pursuit of sustainability by ultimately creating greater value for the company.

Accordingly, POSCO that embraces Corporate Citizenship complies with the following principles when conducting business.

1. 1. We nurture a robust business ecosystem with business partners.

   We practice the values of fairness, transparency and ethics across all business activities

   We pursue collaboration and mutual growth with partners and suppliers based on a culture of consideration and respect

   We support customer success by providing the finest products and services

2. 2. We are at the forefront in addressing social issues and making society better.

   We take a leading role in confronting social challenges at the corporate level with a sense of empathy

   We carry out activities for the common good for the development of local communities and environmental protection

   We actively participate in philanthropy as part of our commitment to sharing with our neighbors and the society

3. 3. We foster a happy and fulfilling workplace by creating a corporate culture based on trust and creativity.

   We create a safe and pleasant working environment to promote the health and well-being of our employees

   We pioneer a corporate culture of trust and harmony through fair HR management practices and stable labor relations

   We pioneer a corporate culture of trust and harmony through fair HR management practices and stable labor relations

July 25, 2019 POSCO