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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

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Company non-response
16 April 2013

Berkshire Hathaway did not respond to: Civil society groups write to POSCO investors, raising concerns over steel plant project in Odisha, India, including displacement, violence against protestors.

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Company non-response
16 April 2013

BlackRock did not respond to: Civil society groups write to POSCO investors, raising concerns over steel plant project in Odisha, India, including displacement, violence against protestors.

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Company response
10 April 2013

Response by BNY Mellon: Civil society groups write to POSCO investors, raising concerns over POSCO's steel plant project in Odisha, India (displacement, violence against protestors, other concerns).

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Company response
10 April 2013

Response by Deutsche Bank: Civil society groups write to POSCO investors, raising concerns over POSCO's steel plant project in Odisha, India (displacement, violence against protestors, other concerns).

Read full response

Article
9 April 2013

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

Author: Compiled by Business & Human Rights Resource Centre

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...

Read more

Company response
9 April 2013

Response by Posco: Civil society groups write to POSCO investors, raising concerns over POSCO's steel plant project in Odisha, India (displacement, violence against protestors, other concerns).

Read full response

Company response
9 April 2013

Response by JPMorgan Chase: Civil society groups write to POSCO investors, raising concerns over POSCO's steel plant project in Odisha, India (displacement, violence against protestors, other concerns).

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