Coway Co., Ltd. released its 18th sustainability report, sharing an overview of its progress and achievements regarding its Environmental, Social and Governance (ESG) goals. Included in this report is the company’s performance target of eliminating half of its carbon emissions by the year 2030 through sustainable energy source transitions and eco-friendly practices.
This year’s report highlighted the company’s efforts to establish an eco-friendly management system, champion human rights and diversity, and ensure sustainable governance. Coway also introduced a double materiality assessment to evaluate the impact of sustainability issues on business as well as the impact business activities have on society and the environment, and evaluated the supply chain’s compliance with Coway’s own ESG initiatives.
In 2022, Coway opened a second solar power plant, donated water and air purifiers to under-resourced communities and strengthened gender diversity with the appointment of a new female independent director on its board.
“We are pleased to unveil our 18th sustainability report, reaffirming our steadfast commitment to sustainable practices and introducing our new ESG management vision to be a ‘Company Caring for a Better Earth,’” said Jangwon Seo, Coway CEO. “The vision sets a clear direction for Coway’s ESG initiatives, and will steer us to become a pioneer on our journey to a more sustainable future.”