South Korean steel giant POSCO Holdings has joined Taskforce on Nature-related Financial Disclosures, which sets standards for biodiversity-related information disclosure. 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. TNFD is a global consultative body that was officially launched in June 2021 under the leadership of the United Nations Development Program and the World Wildlife Fund to establish standards for biodiversity-related information disclosure. Currently, about 420 companies and organizations such as BlackRock and BHP are participating.
South Korean steel giant POSCO Holdings has joined Taskforce on Nature-related Financial Disclosures, which sets standards for biodiversity-related information disclosure. 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. TNFD is a global consultative body that was officially launched in June 2021 under the leadership of the United Nations Development Program and the World Wildlife Fund to establish standards for biodiversity-related information disclosure. Currently, about 420 companies and organizations such as BlackRock and BHP are participating.
