Coway Sustainability Report 2023
    Company
    Overview
    Coway is a company that creates a better planet through eco-friendly technologies and products. Coway creates lasting corporate value by enhancing sustainability and earns the trust of stakeholders and customers.

    This report summarizes the performance outcomes of ESG operations in Coway, which seeks to be a “Company Caring for Better Earth.”

    CEO message
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    Coway is committed to building a sustainable and innovative company by expanding its global market share, continuously enhancing its business models, and maintaining stable labor relations.
    Value Creation Story
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    This report shares the business performance of Coway, which is dedicated to creating sustainable values based on differentiated innovation.
    Sustainability Management System
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    We introduce the goals and implementation strategies for the sustainability activities of Coway.
    ESG Highlights
    We have selected key topics that have important pertinence to environmental, social, and governance and we hereby disclose the outcomes of the ESG activities performed Coway to our stakeholders.
    Stakeholders
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    Coway enhances transparency and efficiency in management and builds trust by encouraging stakeholder participation and communication on material issues.
    Double Materiality Assessment
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    Deliberating on both internal and external perspectives, we identified key material issues and detailed the related activities, achievements, and goals in this report.
    Environment
    Strengthening Eco-friendly Products and Technologies
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    Coway designs and develops products with consideration for environmental impact through lifecycle management. This reflects Coway's commitment to environmentally friendly management. All decisions regarding sustainable management, including environmental friendliness and quality, are made by the ESG Committee of the Board of Directors, the highest decision-making body.
    Social
    Product Quality and Safety
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    Coway's quality and safety are controlled and monitored through the Trust & Quality Assurance (TQA) division and internationally accredited laboratories. These activities strengthen the competitiveness of Coway, enabling us to provide better products and services to our customers.
    Governance
    Privacy and Information Security
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    Coway's information protection activities are led by organizations dedicated to privacy protection and information security and the Information Protection Committee is responsible for conducting discussions on major issues and making decisions.
    ESG Policy & Performance
    Coway conducts ESG management with a differentiated approach to environmental, social, and governance to thereby achieve long-term performance and create sustainable values.
    Environmental
    Environmental
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    The following report introduces examples of the response measures Coway has undertaken to address environmental factors such as resource consumption and carbon emissions, reflecting Coway’s sense of accountability.
    Social
    Social
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    We introduce cases that demonstrate how Coway has fulfilled its social responsibilities, created social value, and enhanced fairness.
    Governance
    Governance
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    The report presents information on corporate governance at Coway and the roles and responsibilities of the Board of Directors, which maintains transparency and responsibility.
    Appendix
    This report presents the company’s data, policies and performance results pertaining to environmental, social and governance (ESG) to increase transparency and provide external stakeholders with more accurate information about the company's sustainability.
    About this report
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    Reporting Scope
    Reporting Period
    Reporting Standards
    ESG Data
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    Environmental
    Social
    Governance
    Policies & Initiatives
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    Sustainability Policies
    Assessments and Initiatives
    Reporting Frameworks
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    GRI
    SASB
    TCFD
    Independent Assurance Statement
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    Independent verifier
    Environmental Assurance Statement
    Download Report
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    2022 Sustainability Report
    Year-by-Year Reports