Choi Jung-woo "Overcoming COVID-19 through Corporate Citizenship Practice"... POSCO Announces 'Corporate Citizenship Practice Guide'

2nd Anniversary of Corporate Citizenship Management Philosophy Declaration and 1st Anniversary of Corporate Citizenship Charter Establishment: Guide for Full-Scale Corporate Citizenship Practice Established

[Asia Economy Reporter Hwang Yoon-joo] POSCO has declared its commitment to sustainable growth as a 100-year company through the practice of corporate citizenship.

On the 28th, POSCO held the '2020 First Half Corporate Citizenship Strategy Meeting' and announced the 'Corporate Citizenship Practice Guide (CCMS)'.

At this meeting, POSCO analyzed its overall management activities from the perspective of corporate citizenship and added significance by establishing and unveiling for the first time the 'Corporate Citizenship Practice Guide (CCMS)', which helps employees properly practice corporate citizenship in their work and daily lives.

POSCO declared corporate citizenship as its management philosophy in July 2018, and a year later, in July last year, it proclaimed the Corporate Citizenship Charter as a 'compass' to guide employees toward the destination of corporate citizenship. Marking the first anniversary of the charter proclamation, POSCO established the 'Corporate Citizenship Practice Guide (CCMS)' as a concrete map to guide toward the destination of corporate citizenship.

Over the past year, through the Corporate Citizenship Charter, POSCO has communicated the concept and aspirations of corporate citizenship and led employees to internalize corporate citizenship through various education and activities. The establishment of the 'Corporate Citizenship Practice Guide (CCMS)' goes 'one step further' by presenting standards for actions and decision-making so that employees can practice corporate citizenship in all tasks and daily life and achieve tangible results.

The 'Corporate Citizenship Practice Guide (CCMS)' was designed to serve as a practical guide for employees to sustain growth as a 100-year company. It categorizes all company-wide tasks such as planning and finance, production, marketing, purchasing, and R&D into 13 modules. The content was drafted and revised through discussions involving executives and staff, containing module-specific missions, cases, backgrounds, guides, and summaries in the language of the field.

Choi Jeong-woo, Chairman of POSCO, emphasized, "Let us review the footsteps of corporate citizenship POSCO has taken over the past two years and overcome the difficult management environment caused by the novel coronavirus (COVID-19) through the practice of corporate citizenship and achievement of results."

Meanwhile, the meeting was attended via video not only by domestic sites in Seoul, Pohang, and Gwangyang but also by overseas subsidiaries worldwide. About 100 participants including POSCO executives, group company CEOs, overseas subsidiary heads, and corporate citizenship dedicated organization leaders discussed the six major corporate citizenship representative projects, key activities of group companies and overseas subsidiaries, past achievements, and future strategies.

The officially announced 'Corporate Citizenship Practice Guide (CCMS)' will be continuously disseminated through e-learning and departmental discussions to be internalized by employees.

Additionally, several scholars who attended the event, including Professor Lee Kyung-mook and Professor Kim Seok-ho from Seoul National University, Professor Yoon Jung-gu from Ewha Womans University, and Professor Han Jong-su, plan to use the 'Corporate Citizenship Practice Guide (CCMS)' to study POSCO's management approach oriented toward corporate citizenship and research sustainable management models for the post-COVID era. The research results will be shared at the POSCO Forum in September and the corporate citizenship performance sharing event to be held in December.

This content was produced with the assistance of AI translation services.