25 January 2022

POSCO has recently joined Value Balancing Alliance (VBA) founded to develop a global Environmental, Social, and Governance (ESG) criteria.

The Value Balancing Alliance (VBA) founded in 2019 by global companies, aims to develop standards to assess ESG performance in monetary terms and reflect the data in the financial statements. As an organization taking the lead in establishing the ESG standards, the Alliance has been commissioned by the EU to develop Green Accounting Principles – which is to assess and disclose the company’s impacts on nature.

Twenty-four multinational companies including BASF, BMW, BOSCH and SK are members of VBA, and POSCO has recently joined as the world’s first steel-making company.

Link to the press release
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