Skip to main content
← All exclusions

POSCO

PKX

Materials

2

exclusion reasons

1 theme

Environmental Harm (2)
PKX Materials Current as of March 2026

POSCO is screened out under 2 exclusion reasons spanning 1 issue category.

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.

Environmental Damage
Since Aug 17, 2015

POSCO is one of the world's largest steel producers, an industry with significant documented environmental impacts from mining, processing, and waste. The company's operations have been linked to soil and water contamination incidents, though specific penalty amounts and locations from the provided evidence are unclear. South Korea's Fair Trade Commission has sanctioned POSCO for making misleading environmental claims about its steel products, indicating regulatory findings of greenwashing. A civil lawsuit has also been filed by South Korean youths seeking to stop the relining of a blast furnace at the Gwangyang Steelworks, citing environmental concerns. While the company publishes sustainability reports and outlines environmental risk management programs, the regulatory action and legal challenges point to ongoing disputes over the actual environmental impact of its industrial activities.

Research Sources 1 organization
External

Wondering what we do invest in?

The Naughty List

A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.

RSS feed No spam · Unsubscribe anytime

Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.