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