Coway Co., Ltd. has released its 18th sustainability report, providing an overview of its progress and achievements in achieving its Environmental, Social, and Governance (ESG) goals. One of the key targets included in the report is the company’s commitment to reduce its carbon emissions by 50% by the year 2030. This will be achieved through the adoption of sustainable energy sources and the implementation of eco-friendly practices.
The report also highlights Coway’s efforts to establish an eco-friendly management system, promote human rights and diversity, and ensure sustainable governance. Additionally, the company has conducted a double materiality assessment to evaluate the impact of sustainability issues on its business and the impact of its business activities on society and the environment. It has also assessed the compliance of its supply chain with Coway’s ESG initiatives.
In 2022, Coway opened a second solar power plant, donated water and air purifiers to under-resourced communities, and further reinforced gender diversity with the appointment of a new female independent director on its board.
According to Jangwon Seo, the CEO of Coway, the release of the 18th sustainability report demonstrates the company’s unwavering commitment to sustainable practices. He further stated that Coway’s new ESG management vision, which aims to be a “Company Caring for a Better Earth,” will guide their initiatives towards a more sustainable future.
Overall, Coway’s sustainability report outlines its dedication to reducing carbon output, promoting eco-friendly practices, and being a responsible corporate citizen. This reaffirms its commitment to sustainable development and positions Coway as a pioneer in the pursuit of a more sustainable future.