POSCO Wins Asia's First Corporate Citizenship Innovation Award in Environmental Sector

POSCO was selected as the winner of the Innovation Award in the Environment category at the Global Corporate Citizenship Conference.

From April 30 (local time), POSCO presented exemplary cases of 'K-Corporate Citizenship' at the Global Corporate Citizenship Conference (ICCC) held over three days in Minnesota, USA. This conference is an annual event hosted by the Center for Corporate Citizenship at Boston College’s Carroll School of Management, featuring case presentations and thematic discussions on various topics such as sustainability, ESG (environment, social, governance), and carbon neutrality.

On the 30th (local time), POSCO was selected as the winner of the Innovation Award in the Environment category at the Global Corporate Citizenship Conference held in Minnesota, USA.

Ko Jun-hyung, President of POSCO Management Research Institute, participated in the "Enhancing Resilience" discussion session and introduced POSCO’s Real Value management, which contributes to increasing resilience. Real Value management is a business model that enhances the total economic, environmental, and social value provided to society through corporate activities, serving as a methodology to realize POSCO’s corporate citizenship management philosophy.

Choi Young, Head of POSCO Corporate Citizenship Office, also introduced the operational know-how of the POSCO 1% Sharing Foundation and various social contribution activities during a panel discussion on "Ways to Increase the Influence of Corporate Citizenship Departments within Organizations."

Choi stated, "The POSCO 1% Sharing Foundation, celebrating its 10th anniversary, conducts beneficiary selection, program monitoring, and foundation promotion through a 150-member project selection committee composed of donating employees. In one of the foundation’s representative projects, '1% Marichae,' employees can select institutions or organizations they wish to support and register them as donation recipients, thereby increasing members’ motivation to participate in social contribution activities."

The POSCO 1% Sharing Foundation was established on November 12, 2013, and operates as a nonprofit foundation supported by donations from about 35,000 people, including 98% of POSCO employees and partner company staff, along with company matching grants.

Choi Young, Head of POSCO Corporate Citizenship Office (fourth from the left), is taking a commemorative photo for winning the Innovation Award in the Environment category at the Global Corporate Citizenship Conference held on the 30th (local time) in Minnesota, USA.

POSCO’s presentations on Real Value management and the operational strategies of the POSCO 1% Sharing Foundation reportedly received high praise from experts attending the event.

Catherine Smith, Director of the Center for Corporate Citizenship at Boston College, said, "As evident from POSCO’s Corporate Citizenship Charter, the company is continuously evolving and innovating, setting and challenging various goals as a corporate citizen. This is a value that all companies should pursue beyond South Korea."

Meanwhile, POSCO was selected as the first Asian company to receive the Innovation Award from the Boston College Center for Corporate Citizenship at the conference. POSCO was highly recognized for its efforts to protect marine ecosystems, including creating sea forests through Triton and developing technology to recycle shells as raw materials for steel production, earning the Innovation Award in the Environment category. The award details will be featured in the Corporate Citizenship Journal published by the Boston College Center for Corporate Citizenship.

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