POSCO Holds '2021 Corporate Citizenship POSCO Culture Day'

Publication of the Book 'Corporate Citizens, Becoming the Path to Future Management' Featuring Corporate Citizenship Practice Cases

[Asia Economy Reporter Hwang Yoon-joo] POSCO held the '2021 Corporate Citizenship POSCO Culture Day.'

POSCO announced on the 1st that it held POSCO Culture Day and unveiled the practice manual of the corporate citizenship management philosophy, 'Corporate Citizenship, Becoming the Path of Future Management.' This is a follow-up to last year's conceptual book on corporate citizenship management philosophy, 'Corporate Citizenship, Drawing Future Management.'

The Corporate Citizenship POSCO Culture Day is an event that summarizes the achievements of practicing the corporate citizenship management philosophy over the year and shares the direction to move forward, marking its third year this year. The event, themed 'Corporate Citizenship, Becoming Culture,' was prepared as a festival to reflect on the value of corporate citizenship, which has become a culture at POSCO, by sharing and encouraging excellent cases where POSCO Group employees practiced corporate citizenship in their work and daily lives.

This book features 14 scholars in management and humanities and social sciences, including Professor Emeritus Kwak Soo-geun of Seoul National University, Professor Yoo Kyu-chang of Hanyang University, Chair Professor Song Ho-geun of POSTECH, and Professor Emeritus Moon Hyung-gu of Korea University. They participated as authors and highlighted POSCO's corporate citizenship management philosophy and practice cases in four parts: ▲Transformation of business models ▲Innovation of industrial ecosystems ▲Creation of social impact ▲Change in organizational culture.

At the event, an audition-style presentation contest called 'GEM Connecting Story' was held, where group employees directly presented excellent cases of practicing corporate citizenship. 'GEM Connecting Story' carries the meaning of connecting (connect) the corporate citizenship management philosophy (Go the Extra Mile) that takes one step further for stakeholders and the employees' practice cases (story).

▲'Smart Safety Ball,' which can detect the presence of harmful gases in confined spaces in advance ▲A method to recycle discarded oyster shells in the steelmaking process ▲An 'Export Logistics Consolidation Platform' that helps ship small quantities of customers' cargo together with POSCO's volume ▲Development of 'Green STS,' which increased the scrap usage rate in electric furnaces (POSCO Zhangjiagang Refractory) to 90% and expanded sales through international certification ▲Strengthening the autonomous safety system by utilizing 3D visualization safety content?All five cases received equally high evaluations, and the highest award was given to all five teams.

POSCO plans to actively discover excellent practice cases so that the corporate citizenship management philosophy can take root as POSCO's unique culture, and to widely promote corporate citizenship management domestically and internationally through continuous research and education on corporate citizenship.

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