{"id":20120,"date":"2023-07-07T10:16:00","date_gmt":"2023-07-07T01:16:00","guid":{"rendered":"https:\/\/iomtek.com\/posco-corporate-citizenship\/"},"modified":"2026-01-06T15:53:10","modified_gmt":"2026-01-06T06:53:10","slug":"posco-corporate-citizenship","status":"publish","type":"post","link":"https:\/\/iomtek.com\/en\/posco-corporate-citizenship\/","title":{"rendered":"[How Far Has ESG Come?] \u246b POSCO Group Sails Smoothly Toward Korea\u2019s \u201cPacific Valley,\u201d Beyond Silicon Valley, Guided by Its \u201cCorporate Citizenship\u201d Philosophy"},"content":{"rendered":"\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\u201cCorporate Citizenship\u201d for Shared Prosperity\u2026 Realized through ESG Management, Rolling Out \u2018Five Key Brand\u2019 Initiatives<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\u201cA Company People Want to Grow With \u2014 Challenge With POSCO\u201d\u2026 Evolving into a Korean-Style \u2018Silicon Valley\u2019<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\u201cVenture Platform\u201d\u2026 \u2018ChangeUP Ground\u2019 Builds a Venture Ecosystem through Band Fund Formation and Investment<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\u201cPoVentures,\u201d an In-House Venture Program Providing Startup Opportunities and Infusing a Creative Organizational Culture<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cESG\u201d is an acronym for Environment, Society, and Governance. Non-financial activities related to environmental protection and social responsibility have become key indicators in evaluating corporate value.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This publication aims to introduce the ESG management strategies and practices of Korean companies and examine how far they have expanded and taken root.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This installment, the twelfth case in the series, focuses on the POSCO Group, which is evolving into a Korean-style \u201cSilicon Valley.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In July 2018, POSCO declared its management philosophy of \u201cCorporate Citizenship that grows together with society,\u201d marking its sixth anniversary this year. With the vision slogan \u201cGreen Tomorrow, With POSCO\u201d toward becoming a 100-year company, POSCO has been strengthening ethical management and dedicating itself to sustainable management.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In January 2020, POSCO became the first steelmaker in Korea to declare carbon neutrality, setting a goal to achieve carbon neutrality by 2050 and moving swiftly to develop hydrogen-based steelmaking technologies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the 50th anniversary ceremony of the first integrated completion of Pohang Steelworks held on the 3rd of this month, POSCO announced plans to invest a total of KRW 121 trillion by 2030, focusing on eco-friendly businesses such as secondary batteries and hydrogen.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To improve the environment, POSCO has continued efforts such as creating marine forests, recycling byproducts including discarded shellfish, and developing advanced technologies\u2014such as smart safety balls and welding robots\u2014to create safer workplaces. The company has also maintained ongoing initiatives to develop eco-friendly products&#8230;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.lkp.news\/news\/articleView.html?idxno=33707\" target=\"_blank\" rel=\"noreferrer noopener\">\u25b6 View All<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cCorporate Citizenship\u201d for Shared Prosperity\u2026 Realized through ESG Management, Rolling Out \u2018Five Key Brand\u2019 Initiatives \u201cA Company People Want to Grow With \u2014 Challenge With POSCO\u201d\u2026 Evolving into a Korean-Style \u2018Silicon Valley\u2019 \u201cVenture Platform\u201d\u2026 \u2018ChangeUP Ground\u2019 Builds a Venture Ecosystem through Band Fund Formation and Investment \u201cPoVentures,\u201d an In-House Venture Program Providing Startup Opportunities and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-20120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press"],"_links":{"self":[{"href":"https:\/\/iomtek.com\/en\/wp-json\/wp\/v2\/posts\/20120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iomtek.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iomtek.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iomtek.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iomtek.com\/en\/wp-json\/wp\/v2\/comments?post=20120"}],"version-history":[{"count":0,"href":"https:\/\/iomtek.com\/en\/wp-json\/wp\/v2\/posts\/20120\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iomtek.com\/en\/wp-json\/wp\/v2\/media\/20121"}],"wp:attachment":[{"href":"https:\/\/iomtek.com\/en\/wp-json\/wp\/v2\/media?parent=20120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iomtek.com\/en\/wp-json\/wp\/v2\/categories?post=20120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iomtek.com\/en\/wp-json\/wp\/v2\/tags?post=20120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}