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Welcome POSCO 16 May 2007

Welcome POSCO 16 May 2007. Ethics and Corporate Social Responsibility: Hong Kong and Korea, learning from each other. Seminar with POSCO 16 May 2007 John F. Hulpke Hong Kong University of Science and Technology, Clearwater Bay, Hong Kong, China. contact hulpke @ust.hk.

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Welcome POSCO 16 May 2007

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  1. Welcome POSCO 16 May 2007

  2. Ethics and Corporate Social Responsibility: Hong Kong and Korea, learning from each other Seminar with POSCO 16 May 2007 John F. Hulpke Hong Kong University of Science and Technology, Clearwater Bay, Hong Kong, China. contact hulpke@ust.hk

  3. Welcome to my university! • Since opening in October 1991, the Hong Kong University of Science and Technology has established itself as an intellectual powerhouse, and securing a place on the academic world map in record-breaking time.Check display, Library

  4. POSCO: a world leader!HKUST: a world leader! POSCO wins Financial Innovation AwardDec. 29, 2006 POSCO extends Vision Scholarship ProgramMar. 09, 2007 POSCO selected as the best work place in KoreaApr. 13, 2007POSCO wins `Knowledge Management Award` Dec. 08, 2006 POSCO acknowledged for Outstanding Sustainable Management Sep. 08, 2006 and many more Top in Asia! accounting, finance, management. ALSO, and many more

  5. Today’s agenda • Who am I? Came to HKUST in 1997 from USA • Who are you? • Some learning objectives: • Think about social responsibility in other firms • Learn about some Hong Kong leading firms • How we learn at HKUST: teams • Learn by talking aloud, not only listening • Two is best: so 1A 1B, 2A 2B, 3A 3B, 4A 4B

  6. Let’s learn together • Exercise 1: new CEO wants your help! • See handout 1 for instructions • Feedback from seminar leader • Exercise 2: congratulations, you are promoted • See handout 2 for instructions • Feedback from seminar leader

  7. Exercise number 1 • Your old friend AJ has just been named CEO! As a finance person, he knows little about ETHICS and CORPORATE SOCIAL RESPONSIBILTY. He knows you are an expert in these areas. He asks your advice: what three things should he look into first to see how the firm is doing in CSR/Ethics. Name THREE areas.

  8. Your old friend AJ has just been named CEO! As a finance person, he knows little about ETHICS and CORPORATE SOCIAL RESPONSIBILTY. He knows you are an expert in these areas. He asks your advice: what three things should he look into first to see how the firm is doing in CSR/Ethics.

  9. Your old friend AJ has just been named CEO! As a finance person, he knows little about ETHICS and CORPORATE SOCIAL RESPONSIBILTY. He knows you are an expert in these areas. He asks your advice: what three things should he look into first to see how the firm is doing in CSR/Ethics. 1A: Cathay Pacific Airlines http://www.cathaypacific.com/cpa/en_INTL/aboutus/community/environmental 1B: Green Island Cement http://www.gich.com.hk/ 2A: Standard Chartered Bank http://www.standardchartered.com/sustainability/ 2B: China Light and Power (CLP) http://www.clpgroup.com/ 3A: MTR http://www.mtr.com.hk/eng/sustainability/introduction_e.htm 3B: HK University of Science and Technology 4A: Salon Go-Ahead (hair styling, 22 staff) 4B: McDonald’s (Hong Kong) http://www.mcdonalds.com.hk/indexe.htm Optional: Giordano (clothing store chain) http://www.giordano.com.hk/web/HK/investors/social.html

  10. Exercise 2: congratulations, you are promoted! • In fact, you have been promoted FIVE times! You are now a BIG BOSS in POSCO. • And your daughter (who is now a student at HKUST) asks you: Mommy (or daddy), tell me what things will you do at work to make the world better in my lifetime. What are you, and POSCO, worried about in the Social Responsibility and Ethics areas for the years ahead? • Remember, today is May 16

  11. Time to ask HULPKE his opinion • What are you worried about in the Social Responsibility and Ethics areas for the years ahead? • 1. _ _ _ _ _ • 2. _ _ _ _ _ _ _ _ _ _ _ _ _ (sometimes called _ _ _ _ _ _ _ _ _ _ _ _ _ )

  12. HULPKE worries about • 1. C H I N A Both on ETHICS area and on second worry area also, China is important! Second area? • 2. _ _ _ _ _ _ _ _ _ _ _ _ _ or _ _ _ _ _ _ _ _ _ _ _ _ _

  13. causes?

  14. The world is using more energy every day • We are running out of energy – especially cheap energy. Drastic effects in every country!! Impact on POSCO? • The world will eventually use up all its economicallyavailable fossil fuels: oil coal gas • and in so doing will create problems (global climate changes) • When? Many experts believe before the end of this century* • *See for example: “Out of gas”, by D. Goodstein, Vice Provost and Professor of Physics, California Institute of Technology; Norton Co., New York, (2004) From Prof Alan G McDiarmid, University of Texas at Dallas. Slides used at HKUST Nov 9, 2006

  15. there are ALTERNATIVE FORMS OF RENEWABLE ENERGY • Wind • Hydroelectric • Solar(photo-voltaic and photo-electrolysis of water) • Geothermal • Ocean currents, ocean tides and rivers • Nuclear(fusion; fission) • Hydrogen(renewable?) • Bio-fuels(indirect solar power). • BIO-FUEL (100 % Renewable Energy From Plants, etc.) • What do you know about bio-fuels? Again, from Prof Alan G McDiarmid, University of Texas at Dallas.Slides used at HKUST

  16. Any CO2 produced by using bio-ethanol or bio-diesel does NOT add to the net amount of CO2 in the atmosphere, because all carbon in bio-fuels came originally from CO2 already in the air. • TODAY, BRAZILLEADSTHEWORLD. From 1985 to 1990, around 90% of all automobiles manufactured in Brazil were powered by ethanol. To date, more than 6 million ethanol and flexible fuel vehicles have been manufactured in Brazil. (Source: Ford Motor web page). • During past 5 years cost of bio-alcohol from cellulose-material has dropped from $6.00/gallon to $0.5/gallon. • At least 30 US/Canadian companies are actively working on conversion of cellulose-material to bio-alcohol. • World need in the next few decades: billions of gallons of alternative fuels • Source: WallStreetJournalJune 29, 2006 • Still from Prof Alan G McDiarmid, University of Texas at Dallas

  17. Sustainable Environment and Business The motivation to find answers to the world’s environmental problems? MONEY!!! This is not sentimental dreaming. This will make somebody lots of money! Can POSCO make money and at the same time improve the environment? Can POSCO SAVE money, for example, cheaper energy?

  18. Branson story September 2006. From Prof Alan G McDiarmid, University of Texas at Dallas. Slides used at HKUST Nov 9, 2006

  19. Global warming, climate change Questions? Comments? Suggestions?

  20. Thank you for visiting our university, HKUST

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