Sustainability

Sustainability Management System

POSCO defines sustainability as achieving economic performance built on environmental and social responsibility. To this end, the company's sustainability policy is to carry out responsible business activities based on trust with its stakeholders, and provide sustainable solutions for both customers and society.

Building trust with stakeholders

We are aware that a company's sustainability can only be achieved through a long-term and trusting relationship with stakeholders such as society, investors, partners, customers, and employees. Each department of the company constantly communicates with internal and external stakeholders to find ways to improve the values of stakeholders, through which we will strive to create values that can be directly experienced by them.

Responsible management

As a member of society, POSCO strives to carry out responsible management activities. To this end, POSCO strictly complies with sustainability policies such as an internal code of conduct, safety and health policies, and human rights policies, while also seeking to ensure that these regulations are compatible with global standards. Accordingly, POSCO respects and supports internationally accepted sustainability management standards such as the UN Global Compact, OECD Guidelines for Multinational Enterprises, and ISO 26000. In addition, POSCO prohibits child labor and forced labor in both domestic and overseas business sites based on the code of conduct and aforementioned global standards, and also supports international regulations and norms related to human rights such as the Universal Declaration of Human Rights and United Nations Guiding Principles on Business and Human Rights.

  • UN Global Compact, The 10 principles of the United Nations Global Compact (Joined on May 31, 2012)
  • OECD Guidelines for Multinational Enterprises
  • The Universal Declaration of Human Rights and United Nations covenants on human rights
  • ISO 26000 (Guidance on social responsibility)

Providing sustainable solutions

POSCO strives to enhance customer value by constantly developing new, innovative products. In 2017, POSCO carried out solution marketing to improve fundamental steel competitiveness, and continued making efforts to secure a global competitive edge and achieve win-win growth with customers in 2018. To this end, POSCO will achieve two goals - improved profitability and enhanced competitiveness - by developing global-leading premium products and advanced solution marketing, delivering high added value to customers. In addition, POSCO will continue to research and develop eco-friendly and highly energy-efficient technologies and products that can contribute to sustainable global development.

References about sustainability