Welcome posco 16 may 2007
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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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Welcome posco 16 may 2007

Welcome POSCO 16 May 2007


Ethics and corporate social responsibility hong kong and korea learning from each other

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 [email protected]


Welcome to my university

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


Posco a world leader hkust a world leader

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


Today s agenda

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


Let s learn together

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


Exercise number 1

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.


Welcome posco 16 may 2007

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.


Welcome posco 16 may 2007

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


Exercise 2 congratulations you are promoted

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


Time to ask hulpke his opinion

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 _ _ _ _ _ _ _ _ _ _ _ _ _ )


Hulpke worries about

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

    _ _ _ _ _ _ _ _ _ _ _ _ _


Causes

causes?


Welcome posco 16 may 2007

  • 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


Welcome posco 16 may 2007

  • 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


Welcome posco 16 may 2007

  • 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


Sustainable environment and business

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?


Welcome posco 16 may 2007

Branson story September 2006.

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


Global warming climate change

Global warming, climate change

Questions? Comments? Suggestions?


Thank you for visiting our university hkust

Thank you for visiting our university, HKUST


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