Coway Receives A Grade in ESG Integrated Evaluation from Korea ESG Standards Institute

Environmental Sector Grade A, Social Sector Grade A+, Governance Sector Grade B+

Coway (CEO Seo Jang-won) announced on the 2nd that it received an A grade, one level higher than the previous year, in the integrated ESG (Environmental, Social, and Governance) evaluation conducted by the Korea Corporate Governance Service (KCGS).

The Korea Corporate Governance Service is an institution that evaluates the sustainability of domestic companies by assessing the systems and performance in the three areas of environment, society, and governance of listed companies, and announces grades annually.

Specifically, Coway received an A grade in the environmental sector due to the disclosure of climate change response strategies and an increase in eco-friendly certified products; an A+ grade in the social sector for activities based on human rights management policies and social responsibility support activities; and a B+ grade in the governance sector for establishing guidelines to strengthen the independence and transparency of the board of directors.

Since establishing the ESG Committee under the board of directors in 2021, Coway has been actively practicing ESG management. Centered on the ESG Committee, Coway has selected three key issues: ▲establishing an eco-friendly management system ▲respecting human rights and diversity ▲operating sustainable governance, and has set six detailed goals to focus the company’s capabilities on implementing key ESG initiatives.

A Coway representative stated, "We are expanding the scope of ESG management activities to fulfill not only economic performance but also environmental and social responsibilities," adding, "Going forward, Coway will do its utmost to achieve sustainable growth in harmony with its members, local communities, and partners based on various ESG management activities."

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