Coway Co., Ltd. released it sustainability report for 2024, highlighting the company’s Environmental, Social and Governance (ESG) efforts toward its vision of becoming a “Company Caring for Better Earth.”
Coway’s environmental initiatives in 2024 included the implementation of a closed-loop circulation system that receives recycled plastic waste from returned products and applies it to its mass-produced products. The company stated that it is also “working to continuously reduce environmental impact in product design and packaging by simplifying its packaging and using eco-friendly materials.”
The company joined voluntary disclosures of corporate value enhancement plans to strengthen transparent communication in the Governance sector and set mid-to-long team performance indicators that target increased shareholder value.
In the area of Social, Coway continued its support of environmentally vulnerable groups by providing air purifiers and subsequent maintenance services and continued its biodiversity conservation activities in collaboration with local communities by organizing campaigns that create classroom forests and more.
“Coway has been expanding its R&D investments in order to develop innovative products and secure new technologies, resulting in record-high sales and ongoing growth,” said Jangwon Seo, Coway CEO. “We will continue to systematically manage our strategic ESG tasks and strengthen their execution, to deliver genuine environmental and social value.”
