POSCO Publishes Corporate Citizenship Report... Addresses Strategies for COVID-19 and Other Challenges

[Asia Economy Reporter So-yeon Park] POSCO published the '2019 Corporate Citizenship Report' on the 22nd.

In the Corporate Citizenship Report, POSCO summarized the major achievements in each activity area of its management philosophy, Corporate Citizenship, and introduced detailed performance results from economic and ESG (environment, social, governance) perspectives.

In particular, this year's report selected issues faced by the company considering global guidelines such as the Global Reporting Initiative (GRI), Task Force on Climate-related Financial Disclosures (TCFD) recommendations, Sustainability Accounting Standards Board (SASB) standards, and the United Nations Sustainable Development Goals (SDGs), and disclosed mid- to long-term strategies regarding these issues.

A new focus page was also established to deeply address POSCO's strategies and changes on current issues faced by the steel industry, such as response to the novel coronavirus disease (COVID-19), business strategies through eco-friendly products, and the evolution from conflict minerals to responsible minerals.

Choi Jeong-woo, Chairman of POSCO, emphasized in the CEO message, "Experiencing the COVID-19 situation has once again made us recognize that 'companies grow through harmony with society.' POSCO will strive to fulfill its responsibilities and roles as a global steel company under the management philosophy of 'Corporate Citizenship Growing Together,' overcoming the crisis and contributing to a better society."

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