POSCO E&C Achieves Highest Grade in Win-Win Growth Index for Two Consecutive Years

POSCO E&C announced on the 18th that it has achieved the highest grade in the Win-Win Growth Index evaluation for two consecutive years.

Incheon Songdo POSCO E&C Building / Photo by POSCO E&C

The Win-Win Growth Index was introduced in 2011 to promote win-win growth between large and small-to-medium enterprises. It is a quantified indicator that evaluates large companies' efforts for mutual cooperation and the level of win-win growth, combining the results of the Win-Win Growth Committee's comprehensive evaluation and the Fair Trade Commission's agreement compliance evaluation, and is announced once a year. It is classified into five grades: highest, excellent, good, average, and poor. Companies selected for the highest grade receive government-level incentives such as exemption from the Fair Trade Commission’s ex officio investigations and the Ministry of SMEs and Startups’ regular surveys on consignment transactions, as well as additional points in public bidding pre-screening.

Since 2020, POSCO E&C has operated practical win-win growth programs for small and medium-sized partners based on the five major win-win growth brands (Fairness, Coexistence, Empathy, Sharing, and Symbiosis). That year, it became the first construction company to abolish the lowest bid system and introduced a low-price limit bidding system to guarantee appropriate profits for partners. In 2021, in preparation for the spread of Environmental, Social, and Governance (ESG) management and the enforcement of the Serious Accident Punishment Act, it jointly developed an ESG evaluation model suitable for partners with a credit rating agency.

Last year, POSCO E&C supported consulting in ESG, safety, and finance as needed by partners, and this year, in line with its new mission, launched the 'Eco & Challenge Together Win-Win Growth Support Group,' operating six specialized programs in three areas: safety, quality, and technology. In addition, POSCO E&C provides financial support to improve partners’ liquidity, including interest-free loans for operating funds, Win-Win Growth and ESG funds, and cooperative loans, as well as technical support to enhance partners’ order competitiveness and sales growth through performance-sharing systems, technology cooperation contests, and technology escrow.

A POSCO E&C official said, "We will continue to add value to the world through challenges toward space while growing together with our business partners, the cooperating companies."

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