POSCO ESG

지역사회

Local Community Communication

From the beginning of the foundation, POSCO has considered growing alongside local communities as a key responsibility. Guided by principles and trust, we engage in sincere communication with communities, collaboratively addressing issues and striving to create a better society.

Local Community Communication Organization

To address issues that negatively impact local communities during the operation of existing business sites and the implementation of new projects, we have established dedicated local cooperation, communication, and environmental teams at the Pohang and Gwangyang Steelworks. When necessary, we collaborate seamlessly with relevant departments at our headquarters to resolve issues.

EstablishingLocal Community Protection Policy and Communication Process

Our policy to guarantee a local community’s basic rights, including environmental rights, safety and health, and human rights, is integrated into the company’s human rights management guidelines. To uphold these rights, we have developed a stakeholder communication process, engaging in regular and irregular meetings to discuss and implement solutions for various issues and to explore directions for future development.

Local Community Communication Process

1. Stakeholder Identification: Identifying stakeholders affected by the economic, environmental, and social impacts of the business site, including government agencies, civic groups, and environmental organizations

2. Operation of Communication Channels: Considering the characteristics of stakeholders (local resident briefings/meetings, exchanges with civic groups, environmental improvement councils, etc.)

3. Information Provision and Two-Way Communication: Providing sufficient information on matters requested or concerned by a local community

4. Feedback and Disclosure of Key Information: Conducting additional communication based on feedback from a local community and disclosing key information.

company actively participates in the ‘Sustainable Development Council,’ which comprises various stakeholders, including local governments, environmental organizations, and academia. Within this council, we analyze key local issues, develop improvement plans, and monitor progress, ensuring that stakeholder opinions are collected and incorporated throughout the entire process.
(Communication frequency: once per quarter)

Minimizing Negative Impact on Local Communities

The company is committed to identifying, mitigating, and resolving any negative impact that business activities may have on local communities. For new investment projects, we consider potential risks and response measures for a local community using an ESG checklist from the investment review stage. Despite preemptive risk management efforts, should issues arise, we thoroughly incorporate the local community’s feedback to develop and implement solutions, and we conduct post-implementation monitoring to assess the effectiveness of these measures.

Risk Management Process

Operational Case