Coway Co., Ltd. has formed an Environmental, Social, and Governance (ESG) committee that will report to the Board of Directors and be responsible for ensuring that the company’s actions are in line with its stated sustainability strategy. The committee’s primary goals will be climate change response and human rights measures. The committee will also be in charge of making decisions on ESG management strategies, long-term sustainability goals, and how to respond to key risks and opportunities.
Jangwon Seo, Coway’s co-CEO, and two independent directors, Jin-Bae Kim and Da-Woo Lee, will make up the committee. Jin-Bae Kim will chair the meeting and guarantee fairness.
A firm official stated, “We intend to integrate ESG activities throughout all corporate operations, and the ESG committee will enable this at every level.” “As the Best Life Solution Company, Coway will continue to carry out our ESG activities to fulfill stakeholder expectations and achieve global sustainability standards,” says the company.
Coway has also created an ESG Council, which includes representatives from the departments of environmental, human resources, ethics, research and development, and legal affairs.