Coway "100% Transition to Renewable Energy"

Sustainability Management Report
Presentation of Mid- to Long-Term Goals

[Asia Economy Reporter Kim Daeseop] Coway announced on the 29th that it has published the '2019 Sustainability Management Report,' which includes last year's sustainability management performance as well as mid- to long-term strategies and goals.

This Sustainability Management Report deeply covers differentiated strategies for sustainability management, including ▲product and service innovation applying IT technology ▲product responsibility to strengthen customer trust ▲information security and personal data protection activities.

Coway also selected issues the company faces by considering global guidelines such as the 'Sustainability Accounting Standards Board (SASB)' and the 'Task Force on Climate-related Financial Disclosures (TCFD),' and disclosed mid- to long-term response strategies for these issues.

In particular, through this Sustainability Management Report, Coway presented mid- to long-term greenhouse gas targets applying the 'Science-Based Targets (SBT)' methodology. Coway announced a new vision of '100% transition to renewable energy' and 'achieving carbon neutrality' by 2050.

Lee Haeseon, CEO of Coway, said, "We aim to realize sustainability management by creating business performance based on continuous innovation and fulfilling social responsibilities befitting the industry's number one position," adding, "We will take the lead in active communication with stakeholders through transparent information disclosure to become a continuously loved company."

This content was produced with the assistance of AI translation services.