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Posco has become the first South Korean steelmaker to join the Responsible Minerals Initiative. Posco said it will be able to manage procurement and supply network responsibly under the guidance of RMI, and access information related to the country of origin of the minerals, and solutions and mechanisms to identify and reduce risks in the mineral supply chain. By joining RMI, Posco said it seeks to expand its attention to illegal labor issues, including forced and child labor, and environment-related agendas for responsible sourcing.
The RMI, which was founded by members of Responsible Business Alliance and the Global e-Sustainability Initiative in 2008, is a global consultative group of companies from a range of industries, addressing responsible mineral sourcing in supply chains. About 380 companies, including Apple, Tesla and Samsung Electronics, are members of the initiative.