“Efforts toward shared growth bear fruit”: Coway moves up one notch in integrated ESG assessment

[Financial News] Coway has been recognized for its environmental, social and governance (ESG) management performance by one of the country’s leading assessment organizations.
According to industry sources on the 11th, Coway earned an “Integrated A+” rating in the ESG integrated assessment conducted by the Korea ESG Standards Institute. This marks a one-notch rise from the “Integrated A” rating it received the previous year.
A Coway spokesperson said, “In the environmental sector, our environmental management performance was recognized, including implementing a ‘net-zero’ roadmap by setting greenhouse gas reduction targets and expanding the use of recycled materials to realize a circular economy. In the social sector, our efforts to strengthen responsible management throughout the supply chain, protect customer rights and promote mutually beneficial activities for shared growth with local communities received high marks.”
The spokesperson added, “In the governance sector, efforts to protect shareholder rights by introducing advanced dividend procedures, expand specialized committees under the board of directors, and strengthen independence and transparency have borne fruit.”
Coway has operated its own ESG committee since 2021 and has refined its ESG management strategy each year. In this regard, it established three strategic directions: building a carbon-neutral management system, promoting sustainable growth, and operating transparent and sustainable governance.
Coway carries out a range of social contribution activities to help create a future in which people and the environment coexist. From supporting the growth of artists and athletes with disabilities to campaigns encouraging eco-friendly practices in everyday life, the company is also active in working toward a society that leaves no one behind and a clean natural environment.
Specifically, Coway operates a wheelchair basketball team and a choir made up of people with severe visual impairments, providing a foundation for people with artistic and athletic talent to develop their abilities and grow. The Bluewheels wheelchair basketball team, founded by Coway in 2022, is the only professional wheelchair basketball team in Korea run by a private company.
A Coway spokesperson said, “Our efforts to pursue eco-friendly, sustainable management and realize the value of shared growth have resulted in an Integrated A+ rating. We will continue our sincere ESG management activities in line with global standards, grounded in communication with stakeholders.”
[email protected] Kang Kyung-rae Reporter