Coway Co., Ltd. has established an Environmental, Social and Governance (ESG) committee which will function under the Board of Directors and dedicate its efforts to ensure the company’s practices are in alignment with its declared vision for sustainability. Climate change response and human rights initiatives will be the committee’s top priorities. The committee will also lead decisions surrounding ESG managerial policies, long-term sustainability goals and responding to major risks and opportunities.
The committee will be composed of Jangwon Seo, the co-CEO of Coway, and two independent directors, Jin-Bae Kim and Da-Woo Lee. Jin-Bae Kim, who will serve as chairs and ensure impartiality.
“We plan to integrate ESG initiatives across all corporate operations, and the ESG committee will facilitate this at every level,” said a company representative. “As the Best Life Solution Company, Coway will continue to carry out our ESG initiatives to meet stakeholder expectations and reach global sustainability standards.”
Coway has also formed an ESG Council, which will support the committee and consists of the environmental, human resources, ethics, R&D, and legal affairs departments.