Coway's highest decision-making body is the Board of Directors. Within the Board, we have an ESG Committee that makes all decisions on sustainability, including development of eco-friendly products and technology enhancements.

In particular, eco-friendly products and technology enhancement are discussed within the Environment Subcommittee centered on the ESG Committee. The Subcommittee includes the heads of organizations and people in charge of eco-friendly products and technology enhancement at each headquarters/office.

The strategy for advancing eco-friendly products and technologies is led by the Technology Planning Team of Coway's Environmental Technology Institute, and other departments included in the Working Group are implementing response tasks in related risk and opportunity areas. We share and report the results and plans for implementing the tasks through the ESG Consultative Group four times a year. Some of the climate change adaptation responses shared at the last ESG Consultative Group have been placed on the agenda for the ESG Subcommittee and are being finalized by the Board of Directors.

As the impact of climate change adaptation grows, corporate environmental responsibility is being increasingly emphasized. Coway operates various programs to create a carbon-neutral society by minimizing the environmental impact of business activities throughout the entire process from product design to the post-use stage. We pursue resource efficiency and carbon emission reduction through structural design and utilization of alternative materials, and maximize energy efficiency in the product use stage to enhance economic efficiency and minimize environmental impact in order to comply with the ‘Energy Consumption Efficiency Rating Labeling System¹⁾‘.

We also have our own recovery and recycling processes to manage waste generation quantitatively and minimize disposal costs.

Coway considers the environmental impact of its products and services throughout the entire process, from product design and development, production and sales, to end-of-life recovery and recycling. We use advanced technologies to ensure chemical safety, energy efficiency to reduce carbon emissions, and resource efficiency to reduce negative environmental impacts.

Coway recently launched a new brand, BEREX, which combines bed and relaxation. Recognizing the importance of sleep and relaxation, which are some of the most basic values of life, like clean water and air, which are existing business areas, Coway aims to deliver 'value beyond relaxation' in a new way. In addition, Coway plans to launch and expand eco-friendly products that link to the value of the environment as part of the product line launched under the BEREX brand.

Coway has a 3-point strategy for product development.

Coway strives to strengthen product responsibility from a producer perspective and voluntarily develop eco-friendly products. At the same time, we are managing the risks of developing eco-friendly products and improving our technological capabilities through proactive regulatory monitoring and compliance.

This is a system that recommends improvements to design factors that make it difficult to recycle products when they are discarded, and discloses relevant facts if they are not implemented.Coway has applied recycled raw materials (recycled PCR resin) to five bidet products to circulate resources, and detailed examples are introduced on the [Waste and Resource Circulation] page.

This is a system that allows manufacturers or importers (hereinafter referred to as "producers") to be exempted from waste levies by signing a voluntary agreement on waste recovery and recycling for companies that manufacture and produce mattresses. Coway is preparing to establish a mattress circular economy system and sign the agreement in 2024 as follows.

This a system that assigns eco-friendly vehicle purchase targets to disclosed companies to promote the spread of eco-friendly vehicles. Coway submitted a total of four eco-friendly vehicles to the Korea Energy Agency in 2022, and plans to continue to expand the purchase of eco-friendly vehicles, starting with general business vehicles.