On Sept. 8, POSCO was recognized for its sustainable management policies by the Dow Jones Sustainability Indices (DJSI). With the announcement, POSCO has now made DJSI’s sustainable management list for 12 consecutive years, the only steel company ever to be so recognized.
DJSI are indices jointly developed by S&P Dow Jones Indices, a provider of financial information in the United States, with RobecoSAM, a Swiss firm specializing in assessing global sustainable management. They are acknowledged as the world’s most authoritative sustainability indices.
This year in the steel sector, POSCO was one of 15 companies selected as an outstanding company in the global sustainable management indices (DJSI World). POSCO scored the highest in risk management, biodiversity, social contribution, and stakeholder management. The company also received favorable reviews for climate strategies, customer relations management, and securing and assessing talented human resources.
“POSCO will share the assessment results with related departments and upgrade the group’s sustainability in issue management, response to climate change, safety, and health,” said a POSCO official. “We expect these results will deepen the appreciation for sustainability among corporate stakeholders, including investors.”
The DJSI selects the top 10 percent companies for sustainability from the world’s leading 2,500 companies based on research, corporate monitoring and surveys throughout the year.
The DJSI results are widely used by international corporate investors, funds, and financial products for identifying socially responsible investments. Companies recognized as having outstanding sustainability practices can gain additional business opportunities, while also improving the communities around them, thereby achieving stable growth and sustainable development.