December 02, 2008

POSCO remains Sustainable Excellent Corporation for third year

POSCO has announced that it has been recognized as an excellent corporation in the 2007 SAM Dow Jones Sustainability Indexes becoming a global sustainable leading corporation for 3 consecutive years.

According to the 2007 SAM Dow Jones Sustainability Report released recently, POSCO has been acclaimed as an excellent corporation in the steel sector from the valuation of sustainability, where more than 2500 global firms were reviewed by Dow Jones and Sustainable Asset Management.

The result of review from SAM Dow Jones shows that POSCO has achieved outstanding performances in a variety of sectors including economy, environment, and society. POSCO has received the highest scores in terms of sound corporate governance and appropriate risk management as well as excellent management performance. In addition, it has been highly reviewed in the environment related section such as commercialization of environment friendly FINEX, superior system of environment management and reaction ability for climate change.

During the last years, as steel makers included in DJSI, Dofasco and Arcelor were selected in 2005 when POSCO was first entered into the steel sector and POSCO was only recognized in 2006. This year’s result is very meaningful for POSCO since it has won this award for 3 consecutive years.