Posco picked as top steelmaker in climate change efforts

Korea’s No. 1 steelmaker Posco was picked as the top steelmaker in the world for its climate change efforts, the company said Thursday.

According to the Carbon Disclosure Project, the UK-based non-governmental organization which assesses the green policies and emissions level of companies, Posco topped the steelmaker’s ranking for its efforts into cutting the emissions, followed by Saab in Sweden and Thyssenkrupp in Germany. Korea’s Hyundai Steel stood at No. 4. 

This is the first time that the CDP released the assessment on steelmakers, Posco said.

The assessment was made based on six criteria: emissions and energy management; carbon cut goal; emissions cost; efforts to develop low-carbon technology; countermeasures for water scarcity; and governance for climate change.

Posco received the top grade in three out of the six criteria -- emissions and energy management, efforts to develop low-carbon technology and countermeasures for water scarcity.

“(The company’s) efforts into curbing the emissions and developing environment-friendly technology such as reusing waste heat appear to have been recognized by the organization,” said the company.

By Lee Hyun-jeong (rene@heraldcorp.com)