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Coway's Landmark 20th Sustainability Report

On August 26, 2025, Coway Co., Ltd. unveiled its 20th sustainability report, marking a significant milestone in the company’s commitment to the environment and society. Titled the Sustainability Report FY2024, this document provides a detailed overview of Coway's ongoing endeavors towards its Environmental, Social, and Governance (ESG) commitments.

Established in South Korea in 1989, Coway has evolved into a leading player in the home appliance industry, focusing on innovations that enhance health and comfort. The latest report addresses the progress made over the fiscal year 2024 under its ongoing mission to become a “Company Caring for Better Earth.” With this report, Coway seeks to reinforce transparency with stakeholders while showcasing how its initiatives align with the global push for sustainability.

Highlights of the Report

Coway's commitment to ESG practices is apparent in its strategies and achievements. The CEO, Jangwon Seo, emphasized the company's dedication to increasing investments in research and development to create innovative products that sustainably drive growth and achieve remarkable sales figures.

Environmental Efforts
In terms of environmental sustainability, Coway has made notable advancements. The company has introduced a closed-loop resource circulation system that incorporates recycled materials sourced from collected plastic waste. This initiative not only minimizes waste but also enhances the sustainability of its products. Additionally, modifications in product design and packaging aim to reduce environmental impact, with Coway focusing on using simpler, eco-friendly materials.

Social Contributions
Coway's social responsibility activities play a vital role in its corporate identity. Collaborating with local communities, Coway has undertaken biodiversity conservation initiatives, organizing programs including classroom forest creation and community clean-up efforts like river and marine 'plogging' activities. Recognizing the needs of vulnerable communities, Coway has also provided air purifiers and maintenance services since 2018, furthering its social impact and earning a commendation from South Korea's Ministry of Environment in 2024.

Governance and Growth
From a governance perspective, Coway is pushing for transparent communications concerning its corporate value enhancement plans. The company has set mid-to-long-term performance indicators to elevate shareholder value. The establishment of an ESG Committee aligns with its strategy to integrate sustainability into its core business operations. The committee operates with oversight from the Board of Directors, ensuring that key ESG matters receive the attention they require.

Commitment to Future Developments

As it moves forward, Coway plans to further enhance its ESG strategies. The report reflects the ongoing evolution of the company towards achieving its long-term goals, driven by a commitment to deliver authentic environmental and social value. Coway is not only focused on products but also on creating a holistic ecosystem where both the customer and the environment can flourish together.

In reflection of its past success and future ambitions, Coway is set to continue innovating while expanding its international outreach in markets such as Malaysia, the USA, Thailand, China, Indonesia, Vietnam, and Europe. In 2025, it also introduced Coway Life Solution, a premium elder care platform that caters to personalized care needs across various life stages.

As Coway continues this journey towards sustainability, the Sustainability Report FY2024 serves as a testament to its unwavering dedication to building a better future for all.

Conclusion

For stakeholders, investors, and consumers looking for a leader in the environmental home appliance sector, Coway stands poised as a beacon of sustainability and innovation. The full report detailing Coway's sustainability initiatives can be accessed here.