Coway Receives Anti-Corruption Excellence Award at 'BIS Summit 2021'

CEO Lee Haeseon of Coway (left) and Ban Ki-moon, the 8th UN Secretary-General and Honorary Chairman of the UNGC Korea Association, are posing for a commemorative photo.

[Asia Economy Reporter Kim Cheolhyun] Coway (CEO Lee Haeseon and Seo Jangwon) announced on the 26th that it was selected as an anti-corruption exemplary company at the 'BIS (Business Integrity Society) Summit 2021' hosted by the United Nations Global Compact Korea Network and the Korea Socially Responsible Investment Forum.

The United Nations Global Compact (UNGC) is a voluntary corporate citizenship initiative under the UN, and 'BIS' is a project established by the UNGC Korea Network and the Korea Socially Responsible Investment Forum to promote business transparency of Korean companies and build a fair market environment.

Coway was highly evaluated for actively practicing corporate transparency enhancement and ESG (Environmental, Social, and Governance) management, and was selected as an anti-corruption exemplary company. Additionally, Coway participated in a pledge to empathize with BIS’s purpose of creating an anti-corruption environment for companies and to strive to establish an anti-corruption environment to strengthen corporate competitiveness based on ESG.

Coway declared environmental management in 2006 and has been actively responding to climate change and promoting resource circulation. Recently, it announced a mid- to long-term goal to achieve 100% renewable energy conversion and carbon neutrality by 2050 and established a plan to reduce greenhouse gas emissions by about 50% by 2030, leading proactive responses to climate change. Since 2015, Coway has been conducting social contribution activities called 'Safe Groundwater' with the Ministry of Environment, supporting water purifiers in areas without water supply, thereby improving water welfare.

Lee Haeseon, CEO of Coway, said, "We were recognized for our efforts to enhance corporate transparency and manage risks based on ESG, and were selected as an anti-corruption exemplary company." He added, "We will continue to actively fulfill our responsibilities to stakeholders and strive to strengthen our sustainable management system."

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