Coway's environmental management starts with the vision of “Company with the Best Life Solutions” and the mission of “creating a healthy and convenient living environment through our innovations.” Based on this, Coway is working hard to create a healthy and convenient environment our products and services. We recognize that making the environment healthy and people happy while doing business is a core value of environmental management, and we are actively fulfilling it.

In order to minimize the negative impact on the environment throughout the entire business process, we have established missions, visions, environmental management strategies and goals. We operate the ESG Committee (CEO, Outside Directors), ESG Consultative Group, and sub-working groups to manage environmental risks company-wide. To prepare for climate change adaptation, we have also developed and disclosed scenarios for dealing with climate-related risks and opportunities from climate change adaptation, its potential impacts, and the relevant financial impacts.

Environmental Management Strategy

In order to provide eco-friendly products and services for consumers who emphasize value consumption, Coway has been using eco-friendly parts/materials as part of its environmental management starting from the product research and development stages.

We also set targets as key performance indicators (KPIs) for organizations in charge of product planning, design, and product-specific development to actively encourage eco-friendly product planning and development. We are further implementing our performance evaluation strategy to help consumers make more informed choices.

Coway has established the Environmental Regulation Information Management System (ERIMS) to analyze and report on the latest global and continental regulatory trends. In addition, Coway operates a system that classifies regulatory information on manufactured/produced products by product group to examine regulatory status before product development. This is the ERIMS screen that Coway is currently operating.

Coway complies with the following domestic and international environmental laws and regulations:

Coway's highest decision-making body is the Board of Directors.

Within the Board of Directors, there is an ESG Committee that makes all decisions regarding sustainability management, including environmental management. Among them, issues related to environmental management (climate change adaptation, chemical management, and resource circulation) are led by the Environmental Safety Certification Team of the TQA Office.

This means that we are firmly committed to ensuring that all employees understand the importance of environmental management, committed to establishing Coway's ESG direction and system, and to actively practicing ESG management considering the environment.

Coway will continue to strive to spread sustainable value by communicating with various stakeholders, including customers, employees, shareholders, and local communities.

Coway operates a systematic environmental management/assessment process by introducing an environmental management system that meets global eco-friendly management standards in all corporate activities.

Coway promotes environmental management in accordance with the ISO14001 standard every year and verifies/certifies environmental management performance through periodic internal/external objective audits.

Coway assigns key performance indicators (KPIs) to specific functional organizations that can be linked to environmental management performance and implements performance evaluations and compensation in comprehensive consideration with other KPI items.

• Target: CTO (department) and sub-organizations (division), product planning office, design center (department) and sub-organizations (division), etc.
• Scope: Differential evaluation based on performance against goals set by each organization
• Example (actual KPIs set in 2023)

Coway conducts training programs for employees to enhance environmental management capabilities. In 2022, employees participated in the environmental management system and ESG management training programs. In particular, the ESG management training program will be introduced as a mandatory course for employees in 2023. In the future, we plan to strengthen environmental competency training not only for our employees but also for our suppliers.

Coway conducts employee engagement campaigns to improve employees' environmental awareness and spread a culture of environmental protection and biodiversity conservation.