The Global Reporting Initiatives (GRI) is an international organization that provides guidelines for corporate sustainability reports. Coway has determined certain material topics in accordance with the GRI 2021 criteria and publicly reports information on them.
Category
Indicator
Contents
General
Information
Disclosure
2-1
Organization details
2-2
List of organizations included in the Sustainability Report
2-3
Reporting periods, reporting cycles, and contacts
2-4
Restatement of information
If there is a major change, it is indicated by a comment in the information.
2-5
External assurance
2-6
Activities, value chains, and other business relationships
2-7
Employees
2-8
Other workers
N/A
2-9
Governance
2-10
Nominating and selecting the highest governance body
2-11
Chair of the highest governance body
2-12
Role of the highest governance body to oversee impact management
2-13
Delegating responsibility for impact management
2-14
Highest governance body’s role in sustainability reporting
2-15
Conflicts of interest
2-16
Communication on critical issues
2-17
Collective knowledge in the highest governance body
2-18
Evaluating the performance of the highest governance body
2-19
Remuneration policies
2-20
Remuneration determination process
2-21
Annual total compensation
2-22
Statement on sustainable development strategy
2-23
Policy commitments
2-24
Responsibility for policy commitments
2-25
Process for addressing negative impacts
2-26
Mechanisms for addressing raised concerns and advice
2-27
Compliance with legislation
2-28
Membership organizations
2-29
Stakeholder engagement methods
2-30
Collective bargaining agreements
Materiality
3-1
The process for determining material topics
3-2
Manage material topics
3-3
Material topics list
Economic Performance
201-1
Direct economic value generated and distributed
201-2
Financial implications and other risks and opportunities due to climate change adaptation
201-3
Defined benefit pension liabilities and other retirement plans
N/A
201-4
Government financial assistance
N/A
Locations of Operations
202-1
Ratio of entry-level wages to the minimum wage in the local community where the business is located (analyzed by gender)
202-2
Percentage of senior executives hired from the local community where the business is located
Indirect Economic Impact
203-1
Supporting infrastructure investments and services
203-2
Important indirect economic impacts
Procurement Practice
204-1
Percentage of cost spent on local suppliers
Anti-Corruption
205-1
Workplace corruption risk assessment
205-2
Communication and training on anti-corruption policies and procedures
205-3
Identified cases of corruption and actions taken
Anti-Competitive Behavior
206-1
Legal action for unfair trade practices such as anticompetitive behavior, monopolies, etc.
N/A
Tax
206-1
Tax approach
206-2
Governance, controls and risk management for tax strategy
206-3
Engaging and managing tax stakeholders
206-4
Reporting by country
Raw Materials
301-1
Weight or volume of raw materials
301-2
Percentage of recycled content
301-3
Recycled product and packaging
Energy
302-1
Energy consumption inside the organization
302-2
Energy consumption outside the organization
302-3
Energy intensity
302-4
Reducing energy consumption
302-5
Reducing the energy requirements of products and services
Water and Wastewater
303-1
Utilizing and exchanging water sharing resources
303-2
Managing water-discharging impacts
303-3
Water intake
303-4
Water discharge
303-5
Water usage
Biodiversity
304-1
Sites owned, leased, or operated in or near protected areas and areas of high biodiversity value
N/A
304-2
The impact of the organization's operations, products, and services on biodiversity
N/A
304-3
Habitat protection or restoration
N/A
304-4
IUCN Red List and nationally protected species that live in areas affected by the organization's operations
N/A
Greenhouse Gas Emissions
305-1
Direct greenhouse gas emissions (Scope1)
305-2
Indirect greenhouse gas emissions (Scope2)
305-3
Other indirect greenhouse gas emissions (Scope3)
305-4
Greenhouse gas emissions intensity
305-5
Reducing greenhouse gas emissions
305-6
Ozone depleting substance (ODS) emissions
N/A
305-7
Nitrogen oxides (NOx), sulfur oxides (SOx), and other critical air emissions.
N/A
Supplier Environmental Assessment
306-1
Waste generation and critical waste impacts
306-2
Managing critical waste impacts
306-3
Waste generation
306-4
Waste not discarded
306-5
Waste not discarded
Supplier Environmental Assessment
308-1
New suppliers screened for environmental standards
N/A
308-2
Negative environmental impacts in the supply chain and actions to address them
N/A
Employment
401-1
New hires and turnover
401-2
Benefits for full-time workers that are not available to temporary workers
401-3
Parental leave
Labor Management Relations
402-1
Minimum notice period for operational changes
Occupational Safety and Health
403-1
Occupational safety and health management systems
403-2
Hazard identification, risk assessment and incident investigation
403-3
Occupational health services
403-4
Worker participation, consultation and communication on occupational safety and health
403-5
Occupational safety and health worker training
403-6
Promoting worker health
403-7
Prevent and reduce occupational health and safety impacts directly linked to business relationships
403-8
Workers covered by an occupational health and safety management system
403-9
Work-related injuries
403-10
Work-related illness
Training & Education
404-1
Average hours of training per worker
404-2
Employee empowerment and lifelong learning programs
404-3
Percentage of employees receiving regular performance and career development reviews
Diversity and Equal Opportunity
405-1
Diversity of governance bodies and employees
405-2
Ratio of base salary and remuneration for men to women
Non-discrimination
406-1
Cases of discrimination and corrective actions taken
Freedom of Assembly
407-1
Operations and suppliers at risk of undermining the right to organize and bargain collectively
N/A
Child Labor
408-1
Operations and suppliers at risk for child labor
Forced Labor
409-1
Operations and suppliers at high risk for forced or compulsory labor
Security Practices
410-1
Security personnel trained on human rights policies and procedures
N/A
Indigenous People
411-1
Cases of violations against the rights of indigenous people
N/A
Local Communities
413-1
Operations with community engagement, impact assessment, and development programs
413-2
Operations with significant actual or potential negative impacts on local communities
N/A
Supplier Social Assessment
414-1
New suppliers screened against social criteria
414-2
Negative social impacts in our supply chain and actions taken to address them
Public Policy
415-1
Political Contributions
Customer Health & Safety
416-1
Assessing the health and safety impacts of products / services
416-2
Violations related to health and safety impacts of products/services
N/A
Marketing & Labeling
417-1
Product/Service information and labeling requirements
417-2
Violations related to product/service information and labeling
N/A
417-3
Violations related to marketing communications
N/A
Customer Privacy
418-1
Substantiated complaints of customer privacy violations and loss of customer information
The SASB (Sustainability Accounting Standards Board) is a non-profit organization that sets standards for non- financial reporting. SASB suggests a topic of sustainability risk that is relevant to each industry and encourages companies to continuously report on the topic to communicate with investors and stakeholders. Coway, the core of the environmental home appliances rental business, reported under the standards of two industries due to its high connection to the consumer electronics manufacturing (Appliance Manufacturing) and consumer services professional and commercial services (Professional and Commercial Service) industries.
Topic
Code
Accounting Metric
Contents
Product Safety
CG-AM-250a.1
Number of (1) recalls issued and (2) total units recalled
N/A
CG-AM-250a.2
Discussion of process to identify and manage safety risks associated with the use of its products
CG-AM-250a.3
Total amount of monetary losses as a result of legal proceedings associated with product safety
N/A
Product Lifecycle Environmental Impacts
CG-AM-410a.1
Percentage of eligible products by revenue certified to the ENERGY STAR® program
Not applicable. We manage the energy efficiency of products in accordance with the 'Energy Consumption Efficiency Grade Labeling System' for home appliances in Korea.
Strengthening eco-friendly products and technologies – StrategyCG-AM-410a.2
Percentage of eligible products certified to an Association of Home Appliance Manufacturers(AHAM) sustainability standard
N/A
CG-AM-410a.3
Description of efforts to manage products' end-of-life impacts
Activity Metric
CG-AM-000.A
Annual production
Topic
SASB Code
Accounting Metric
Contents
Data Security
SV-PS-230a.1
Description of approach to identifying and addressing data security risks
SV-PS-230a.2
Description of policies and practices relating to collection, usage, and retention of customer information
SV-PS-230a.3
(1) Number of data breaches, (2) percentage involving customers' confidential business information(CBI) or personally identifiable information(PII), (3) number of customers affected
No Information security breaches or incidents
Workforce Diversity & Engagement
SV-PS-330a.1
Percentage of gender and racial/ethnic group representation for (1) executive management and (2) all other employees
SV-PS-330a.2
(1) Voluntary and (2) involuntary turnover rate for employees
SV-PS-300a.3
Employee engagement as a percentage
N/A
Professional Integrity
SV-PS-510a.1
Description of approach to ensuring professional integrity
SV-PS-510a.2
Total amount of monetary losses as a result of legal proceedings associated with professional integrity
N/A
Activity Metric
SV-PS-000.A
Number of employees by: (1) full-time and part-time, (2) temporary, and (3) contract
SV-PS-000.B
Employee hours worked, percentage billable
N/A
TCFD (Task force on Climate-related Financial Disclosures) is a climate change adaptation-related financial information disclosure consultative body. TCFD recommends quantifying the risks and opportunities posed by climate change adaptation, integrating them financially and disclosing them. Coway manages and supervises risks and opportunities related to climate change adaptation in accordance with the TCFD recommendations, and discloses relevant information through this report and various stakeholder communication channels.
Category
TCFD Recommended Disclosures
Contents
Governance
a) Describe the board’s oversight of climaterelated risks and opportunities.
b) Describe management’s role in assessing and managing climate-related risks and opportunities.
Strategy
a) Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term.
b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning.
c) Describe the resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario.
Risk Management
a) Describe the organization’s processes for identifying and assessing climate-related risks.
b) Describe the organization’s processes for managing climate-related risks.
c) Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization’s overall risk management.
Metrics & Targets
a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.
b) Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas (GHG) emissions and the related risks.
c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets.