Some reports about POSCO’s social spending
INVESTMENTS and INVESTMENT PLANS, Iron Ore, POSCO, Steel June 14th. 2007, 2:20amLivemint was mentioning that POSCO is renowned to be socially a very conscious Industrial company. Following are some excerpts:
A mobile health van goes to some villages at least one day a week, young women have trained as beauticians, doctors have flown in from Korea to fix the cleft palates of local children, scholarships for study have been awarded and street lights have been erected.
On an international level, corporate social responsibility (CSR) has been a major focus for Posco, the only major steel company listed in the Dow Jones Sustainability Indexes, which track the performance of leading companies deemed to operate in a socially responsible manner. Its efforts in India coincide with increased attention to the subject.
Perhaps, this could be a pointer for MNCs who want to invest in backward states like Orissa.