1. corporate sustainability management 2. sdgs strategy...
TRANSCRIPT
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2. SDGs Strategy and Best Practice
Sustainable Development Goals (SDGs) and Efforts of
POSCO
POSCO implements responsible management activities and
offers sustainable solutions for its customers and the society
based on the trust of the parties concerned. Since the
adoption of the Sustainable Development Goals (UN SDGs)
by the UN in 2015, POSCO has been participating in its
activities to fulfill its role as a corporate citizen.
The corporate citizenship activities of POSCO are largely
composed of three core areas: i) “Collaborate,” where
POSCO collaborates with the government, specialty NGOs
and media organizations, ii) “Create,” where the wide range
of capabilities of each POSCO Group affiliate is networked
and utilized, and iii) “Differentiate,” where POSCO
develops differentiated, masterpiece- level brand programs.
In particular, POSCO emphasizes the three key areas of
“Sustainable Local Community,” “Provision of High- Quality
Education” and “Support for Economic Independence.”
『Corporate Citizenship Activity for shaping a better
tomorrow with the community』
POSCO considers coexistence and mutual benefits with
local communities to be among the most important values.
By expanding and supporting the infrastructure of local
communities from Pohang and Gwangyang, where POSCO
steel plants are located, to the 53 countries where POSCO
conducts business, POSCO continues to endeavor in
improving quality of life in local communities.
1. Corporate Sustainability Management
Implementation Strategy and Current
Status
In order to create a corporate ecology where economic
values and social values form a virtuous cycle without
discrimination among the parties concerned, POSCO is
implementing various plans as a corporate citizen that not
only pursues economic gain but also the value of coexistence
and mutual benefits by engaging in social activities as a
member of society.
Corporate Citizen POSCO - Building a Better Future
Together
With the management philosophy “Building a Better Future
Together,” POSCO has declared the management vision
of “With POSCO, We’re the POSCO.” We are currently
practicing Business With POSCO where POSCO creates
value together with customers, suppliers and business
partners, Society With POSCO where POSCO works with
people to build a better society, and People With POSCO
where POSCO builds a corporate culture of trust and
creativity.
The concept of POSCO as a corporate citizen is a company
actively implementing a variety of activities to resolve social
issues, in addition to achieving its objective as an economic
unit due to the increased social influence the company has
and role it plays. It also includes various activities to create
social value, which ultimately results in increased corporate
value.
Participant Since 31 May 2012
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- POSCO Steel Village Project -
POSCO Steel Village project is designed to provide houses and schools by utilizing
POSCO’s own steel products and expertise in construction technology, to ensure the
economic independence of local communities. The project built welfare facilities in
Pohang, Gwangyang, Incheon and Seoul, and provided housing to people who lost their
homes due to disasters such as fire to allow families to overcome the difficulties caused
by hardships and resume their normal daily lives. Furthermore, POSCO is providing various
infrastructure to local communities overseas. POSCO has built 104 steel houses and steel
bridges in Vietnam, Indonesia, respectively. In Thailand, a steel dome was constructed
and donated to a Thai school where students can enjoy sports activities on bad weather
days. This Steel Village initiative had been previously registered on the UN’s SDG website
as ideal and was selected in November 2017 as an eminent example and it also acquired
SMART certification by the UN Office for Sustainable Development.
- Sharing with Local Communities -
① Talent Volunteer Group
Each POSCO employee volunteers for an average of 32 hours (as of 2017). With these
volunteer activities, POSCO employees have been gaining the trust of local residents
and are contributing to the effort to create a better environment. Recently, POSCO have
begun to provided wide range of volunteer activities using their individual talents based
on professional expertise as well as personal interests.
② Global Employee Volunteer Corps
Since 2015, POSCO Global Employee Volunteer Corps. have been participated in
constructing the Steel Village in Vietnam.
In January 2017, there were 41 volunteers from the 5th Global volunteer corps, the group
began by offering services to local welfare facilities including a school for the disabled
and the orphanage, and participated in the construction of houses to improve the poor
living conditions in the area. Local employees from the Vietnam office and corporate also
joined the volunteers from Korea. In August 2017, 51 members of the 6th Global volunteer
corps visited Rayong in Thailand and contributed to construction efforts in the area.
③ Sisterhood Villages
POSCO has been providing continuous support and engaging in sharing activities,
beginning with Hagwang Village in Gwangyang. Since then, we have implemented “One
Department for One Village” efforts and carried out our employee volunteer activities on
a regular basis. POSCO has been offering a total of 203 sister villages with the efforts
made by POSCO employees to build a better future together with local communities and
local residents, the sister villages are being upgraded to better places to live.
Support Activities for
Sustainable Local Communities
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Café OAsia Silver Home Care
Cafe OAsia is the first social collaboration union certified by the Ministry
of Employment and Labor created by POSCO and SESNET, and it is a social
franchise cafe consisting of small-sized cooperatives. Cafe OAsia hires
migrant women for marriage as baristas, providing them a source of income
to help them achieve independence and adjust to the life in Korea. It also
utilizes joint procurement and marketing to reduce cost, and profits earned
through the franchise business are used in multi-culture campaigns and job
creation.
The Silver Home Care service continues the spirit of the “老老 Home Care”
program that began in Pohang since 2015. It is a program that provides care
services to the elderly with mobility issues. A caretaker visits a household
four times a month and provides services such as cleaning and tidying and
helping with meals, as well as emotional services such as helping them go
out. A total of 180 elderly people received help in 2017, and the program
was also able to create jobs for 30 elderly people as well.
Indonesian Social Company (PT.KPSE) POSCO Humans
To contribute to the effort to create jobs in the local communities where
POSCO conducts business, POSCO formed PT.KPSE Services Indonesia (PT
Krakatau POSCO Social Enterprise Services Indonesia) together with the
KOICA as part of the POSCO 1% Sharing Foundation project. The company
provides employment and vocational training to young adults in the area
centered on three villages in Cilegon where the steel plant is located,
and the profits earned from its business are used for social contribution
activities.
To promote productive activities and create high quality jobs to improve the
quality of life, POSCO has formed a social company to help such activities. In
particular, POSCO Humans, which was launched in 2013, employs neighbors
who are experiencing hardship due to extended periods of unemployment
or disabilities, to do administrative work, IT, cleaning, vehicle support or
Steel House construction projects, making it Korea’s first affiliate-type
company with a standardized workplace for the disabled.
POSCO pursues continuous, comprehensive, and sustainable economic growth by
stabilizing personal lives by providing quality jobs, and continuously implements
corporate citizenship activities to improve the employment opportunities and economic
independence of the socially weak.
[Table] POSCO Offers a Variety of Economic Independence Support
Economic Independence
Support
Beyond Number of Volunteers
: 100(2017)
One hundred college students are selected every year to
engage in many volunteer activities including the House of
Love building project and cultural exchanges, helping them
experience the true value of sharing.
Do Dream Number of
Beneficiaries
Independence
Education: 30
E mployment-Linked
Education: 3(2017)
With the Do Dream project, which newly began in 2017, POSCO
provides outstanding mentors selected from among POSCO
employees to allow children leaving welfare facilities to be able
to achieve independence and successfully settle in society
with suitable jobs.
Chinchin
Rainbow
Project
Number of
Beneficiaries
53 (2017)
The Chinchin Rainbow Project provides personalized
career support education such as high quality education,
technology education and vocational training, and education
for college admission, and one on one mentoring with case
managers for multicultural, North Korean refugee and low-
income families.
This annual program consists of career support, visits to public
organizations, introduction of exemplary practices , beneficiary
gathering, and periodic voluntary activities.
[Table] POSCO Offering Opportunities for High Quality Education
Opportunities for
Comprehensive and
Quality Education
Since its foundation, POSCO has been offering opportunities for all children and youths
in the local communities to receive comprehensive and fair quality education with the
objective of supporting their independence.
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Byproduct Gas Utilization
Technology
Water-Sprayed Furnace
Slag Recycling
Development of Energy
Efficient Electrical Steel
『Corporate Citizenship Activity in Response to Climate Change and for Sustainable
Energy Use』
In February 2010, POSCO officially announced its greenhouse gas reduction objective for
2020 at the seventh Green Growth Committee hosted by the president. The goal is to
reduce the greenhouse gas from producing 1 ton of steel to 2.00 t- CO2/t-, which is a 9%
reduction from the 2007-09 average (2.20 t-CO2/t-S) by 2020, and this goal has already
been achieved. In relation to energy, POSCO created an Energy Efficiency Improvement
Roadmap, and during the first session (1999-2008), POSCO made investments in large
energy recovery equipment and accumulated technologies for energy saving work
methods, and during the second session (2009-15), POSCO invested in small and medium
energy efficiency equipment and implemented smart industry technologies. POSCO,
currently in the third session (2016-20), is implementing many plans to commercialize the
technology POSCO developed for energy use.
Most of the byproduct gases (BFG, COG, LDG, FOG) are recovered as an energy source for
various processes or are used for independent power generation. With the use of energy
recovery equipment such as coke dry quenching (CDQ) and top gas pressure turbine
byproduct gas generation equipment and LNG generation equipment at the Pohang Steel
Plant and Gwangyang Steel Plant, POSCO is able to provide 72% of its overall power
consumption for 2017 in the two plants. This is a 6% increase compared to the 2016
independent power generation ratio.
Water sprayed furnace slag is made by rapidly cooling furnace slag in a molten state
produced during iron making by spraying water on it, and as it features a chemical
composition similar to that of cement, it is made into powder and used in cement
production. The use of slag as a clinker replacement will contribute to efforts to preserve
natural resources such as limestone, and as it can reduce the amount of energy used for
cement plasticity and the amount of CO2, cement makers mix approximately 5% of slag
when producing regular cement. POSment, developed by POSCO, is characterized by its
higher slag content and improved physical properties such as compression strength, and it
is also capable of reducing CO2 generation by approximately 60%. In 2017, POSCO used
10.9 million tons of water sprayed slag as cement ingredients and achieved a greenhouse
gas reduction effect equal to 8.6 million tons.
The energy efficiency of electrical steel used in generators, transformers and motors
is critical in determining the level of power consumption reduction. The high energy
efficiency electrical steel developed by POSCO has low iron loss and high magnetic flux
density properties that contribute to improving the energy efficiency of the final product.
POSCO manufactured 450 thousand tons of high energy efficiency electrical steel in 2017,
which is a 5% increase compared to 2016, and it is an increase of 1.3 times compared to
the amount sold in 2010.
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POSCO continuously monitors the contamination level of the seabed and the population
of marine organisms in the seas near its steel plants. Furthermore, in order to preserve
the marine ecology from being destroyed due to industrial activities, POSCO implements
purification activities with the Clean Ocean Volunteer Group established in 2009. Since
September 2013, POSCO has been endeavoring to protect the diversity of marine plants
and fish from starfish and sea urchins, whose populations have increased dramatically
around Korea’s clean water areas, Ulleungdo Island and Dokdo Island. POSCO continues to
provide volunteer services for underwater and seaside areas together with local fishing
and environment organizations every year, and the company is also making efforts to
promote the importance of marine diversity in its company activity blog.
“Triton,” used for rejuvenating marine plant areas damaged due to the rise of water
temperature, has the effect of restoring marine plants, fish and shellfish in damaged
marine ecologies. Its main component, steel slag, is rich in minerals such as calcium
and ferrous that are beneficial for marine ecologies and help vitalize the growth and
photosynthesis of marine plants, and also help filter contaminated deposits and water.
In addition, the marine forests formed around Tritons are characterized by their ability
to fixate CO2 through slag carbonating and photosynthesis by marine plants. POSCO
signed an MOU to develop measures for marine climate changes with the Ministry of
Maritime Affairs and Fisheries in 2007 and an MOU for marine forest and resource
formation in 2010, and POSCO continues to implement marine forest formation programs
in collaboration with the Korea Fisheries Resources Agency (FIRA) and Research Institute
of Industrial Science and Technology (RIST).
Preserving the Diversity of
Marine Organisms
Artificial Reef (Triton)
Formation