Letter from civil society groups to POSCO investors regarding steel project in Odisha, India - and company responses
In March 2013, 17 civil society groups wrote to five financial institutions with reported investments in POSCO. They asked the investors to use their leverage over POSCO-India to urge it to address human rights concerns associated with its steel and port project in Odisha, India. They enclosed a briefing note, detailing those concerns. Business & Human Rights Resource Centre invited the five financial institutions and POSCO to respond.
[PDF] Letter to Bank of New York Mellon, 20 Mar 2013
[DOC] Bank of New York Mellon response
[PDF] Letter to Deutsche Bank, 20 Mar 2013
[DOC] Deutsche Bank response
[PDF] Letter to JPMorgan Chase
[DOC] JP Morgan Chase response
Letters were also written to Berkshire Hathaway [PDF] and Blackrock [PDF]. We invited them to respond but they did not.
[PDF] Briefing Note: Impacts of POSCO-India’s Project on the Lives of Local People in Jagatsingphur, Odisha, India
[DOC] POSCO response