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The Price of Steel: Human Rights and Forced Evictions in the POSCO-India Project - and company responses

In June 2013, ESCR-Net and the International Human Rights Clinic (IHRC) at NYU School of Law launched the following report:

The Price of Steel: Human Rights and Forced Evictions in the POSCO-India Project

As well as raising specific concerns about POSCO’s activities it called on investors to leverage their influence to ensure that POSCO respects the rights of communities in the project area (see pages 77-78 of the full report [PDF] for the specific calls on investors).  ESCR-Net and others also urged Dow Jones to remove POSCO from its sustainability index.  

Business & Human Rights Resource Centre invited the companies to respond:

[PDF] POSCO response (Note: the report authors IHRC and ESCR-Net are preparing a reply to this response, which we will provide here)

[PDF] RobecoSAM / Dow Jones response

INVESTORS:

[DOC] APG response

[DOC] Bank of New York Mellon response (to related March 2013 letter by civil society groups about the POSCO project, raising similar concerns)

Berkshire Hathaway - has not responded

[DOC] Blackrock response

[DOC] Deutsche Bank response (to related March 2013 letter by civil society groups about the POSCO project, raising similar concerns)

[DOC] JP Morgan Chase response (to related March 2013 letter by civil society groups about the POSCO project, raising similar concerns)

NBIM - has not responded to this report.  Information about an OECD Guidelines complaint brought against NBIM over its POSCO investments is here.

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Company non-response
7 August 2013

Berkshire Hathaway did not respond to: "The Price of Steel: Human Rights and Forced Evictions in the POSCO-India Project".

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Company non-response
7 August 2013

Norges Bank Investment Management (NBIM) did not respond to: "The Price of Steel: Human Rights and Forced Evictions in the POSCO-India Project".

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Company response
7 August 2013

Response by APG: "The Price of Steel: Human Rights and Forced Evictions in the POSCO-India Project".

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Company response
7 August 2013

Response by BlackRock: "The Price of Steel: Human Rights and Forced Evictions in the POSCO-India Project".

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Company response
7 August 2013

Response by BNY Mellon: "The Price of Steel: Human Rights and Forced Evictions in the POSCO-India Project".

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Company response
7 August 2013

Response by Deutsche Bank: "The Price of Steel: Human Rights and Forced Evictions in the POSCO-India Project".

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Company response
7 August 2013

Response by Dow Jones Indices (see S&P Dow Jones Indices): "The Price of Steel: Human Rights and Forced Evictions in the POSCO-India Project".

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Company response
7 August 2013

Response by Posco: "The Price of Steel: Human Rights and Forced Evictions in the POSCO-India Project".

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Article
5 August 2013

The Price of Steel: Human Rights and Forced Evictions in the POSCO-India Project - and company responses

Author: Compiled by Business & Human Rights Resource Centre

In June 2013, ESCR-Net and the International Human Rights Clinic (IHRC) at NYU School of Law launched... “The Price of Steel: Human Rights and Forced Evictions in the POSCO-India Project”. As well as raising specific concerns about POSCO’s activities...

Read more

Company response
9 April 2013

Response by JPMorgan Chase: "The Price of Steel: Human Rights and Forced Evictions in the POSCO-India Project".

Read full response