POSCO "Corporate Citizenship to Achieve Results This Year"... Holds Strategy Meeting

Choi Jung-woo, Chairman of POSCO

[Asia Economy Reporter Choi Dae-yeol] On the 16th, POSCO held its first half corporate citizenship strategy meeting of the year, chaired by Chairman Choi Jeong-woo, reviewing the progress made so far and the major plans for this year. Following an advisory meeting held on the 8th with external experts, on this day, presidents of 22 group affiliates and heads of 11 overseas subsidiaries gathered both online and offline for the meeting.

Song Jae-yong, a visiting professor at Seoul National University who presented POSCO’s corporate citizenship practice cases, said, "Since the management philosophy was declared in 2018, I was surprised that it has not remained just a declaration but is being practiced through practical guides." He added, "This should be theoretically organized and actively communicated both internally and externally." Yang Won-jun, head of POSCO’s Corporate Citizenship Office, encouraged employees to participate in ways that enable easier daily practice and to contribute to creating synergy at the group level.

To more effectively communicate the outcomes of its activities, the company reorganized the six major projects announced in December 2019 into five brand systems: carbon neutrality, mutual growth, venture nurturing, childbirth-friendly policies, and coexistence with local communities.

Chairman Choi Jeong-woo stated, "The driving force behind building POSCO as a 100-year company is the sincere empathy and participation of employees." He added, "In a situation where ESG (environment, social, governance) management is emphasized, practicing corporate citizenship is the way to enhance the group’s sustainability."

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