POSCO Group Launches 'S.A.V.E. Challenge' to Tackle Energy Crisis

All 19 Domestic Affiliates Join Company-Wide Campaign Starting April 6 · Everyday Actions Such as Taking Stairs and Carpooling Encouraged · Rewards Program Aims to Drive Voluntary Employee Participation

Finance|
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By Jung Hye-jin
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null - Seoul Economic Daily Finance News from South Korea

POSCO Group is rolling out a company-wide energy conservation campaign in step with national efforts to address the energy crisis.

POSCO Group said it will launch the "S.A.V.E. Challenge," a group-level action campaign, starting March 30. The challenge was designed to help employees make energy saving a daily habit through small everyday actions and to embed the practice into corporate culture.

The challenge consists of activities that anyone can easily carry out in daily life and at the workplace: △Step Up (taking stairs instead of elevators), △Active Transit (using public transportation or walking for commutes), △Vehicle Share (carpooling for commutes), and △Energy Off (reducing energy use by switching off power sources).

POSCO Group's 19 domestic affiliates will accept sign-ups for one week starting March 30, with full-scale participation beginning on April 6. The challenge will be conducted through "CHAlleNGE," a dedicated app for group employees. POSCO Group plans to continue running the challenge until the energy crisis eases, aiming to drive voluntary participation among employees.

To encourage active participation, employees can earn up to 50,000 won (approximately $37) in points based on verified completion of activities. Accumulated points can be exchanged for mobile gift vouchers.

The CHAlleNGE app is an ESG (environmental, social, and governance) practice support platform that POSCO Group developed in-house in 2022. The group has used the app to run various employee participation campaigns, including tumbler use and walking 10,000 steps a day.

POSCO Group has been steadily practicing energy-saving measures closely tied to daily routines since 2008, including a vehicle rotation system limiting car use to certain days of the week, maintaining appropriate indoor temperatures, and turning off lights during lunch breaks and after work hours.

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