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Article

9 Apr 2013

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Compiled by Business & Human Rights Resource Centre

Letters 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 companies to use their leverage over the company to urge it to address human rights concerns associated with POSCO-India Ltd's steel and port project in Odisha, India. They enclosed a briefing paper, detailing those concerns. Business & Human Rights Resource Centre invited the five financial institutions and POSCO to respond. [Responses by POSCO, BNY Mellon, Deutsche Bank, JPMorgan Chase provided. Blackrock and Berkshire Hathaway did not respond]

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India: Amid resistance from communities, POSCO offers to surrender land acquired for $12-billion steel project

Letter from civil society groups to POSCO investors regarding steel project in Odisha, India - and company responses