- Listed in the top 25.6% of 609 evaluated companies
- The only Korean company selected in DHP Household Durables Industry category
SEOUL, South Korea, Dec. 19, 2023 /PRNewswire/ — Coway Co., Ltd, the “Best Life Solution Company,” announced that it has been ranked on the Dow Jones Sustainability Asia Pacific Index (“DJSI Asia Pacific”) for the eleventh time in 2023 represented in a row. Of the 609 companies evaluated worldwide, only 156, or the top 25.6%, were selected, and only 36 companies from South Korea made the list.
Launched in 1999, the Dow Jones Sustainability Indices (DJSI) evaluate the sustainability performance and environmental, social and governance (ESG) efforts of the world’s leading companies to help investors make sustainable decisions.
In addition to being on the Dow Jones Sustainability Asia Pacific Index for the 11th consecutive year, Coway is also on the Dow Jones Sustainability Korea Index for the 6th consecutive year. Coway is the only Korean company included in the DJSI Asia Pacific Index in the DHP Household Durables industry.
Coway received excellent ratings for customer relationship management, product quality and recall management, and environmental policies and management systems.
This reflects Coway’s pride in developing products and services that focus on the customer’s life – true to its name as the “Best Life Solution Company.”
The company remains committed to minimizing the impact of its operations through environmentally friendly practices in product development and lifecycle management, following an ESG framework with the goal of achieving full carbon neutrality by 2050.
With the aim of completely green product development and product life cycle, Coway takes into account chemical substance safety, energy efficiency, reduction of carbon emissions, reduction of resource consumption, recyclability throughout manufacturing, cleaner production, sustainable rental services, recovery and recycling processes as well improving lifestyle.
Coway remains deeply committed to social responsibility initiatives and works with communities, such as donating water and air purifiers to underserved communities. The company is the proud owner of Korea’s first private sector-supported wheelchair basketball team, the BlueWheels Basketball Team, and the Mulbit Sori Choir, which consists of the beautiful voices of people with visual impairments.
Sung-Rok Kim, Chairman of the ESG Council and Secretary of Coway’s ESG Committee, said: “Our unwavering commitment to sustainability has been further confirmed by our inclusion in the prestigious DJSI Asia-Pacific and DJSI Korea. As a ‘Best Life Solution’ company, we continue to strive to improve our sustainability management systems.”
Beyond the DSJI recognitions, Coway’s sustainability efforts have received notable acclaim, earning an “AA” rating from MSCI ESG for the second consecutive year in 2022. Domestically, the company received an “A” ESG rating from the Korea Corporate Governance Service in 2023 (KCGS).
About Coway Co., Ltd.
Coway, “Best Life Solution Company”, founded in Korea in 1989, is a leading home appliance company for a health-promoting environment, making people’s lives healthier and more comfortable with innovative home appliances such as water purifiers, air purifiers, bidets and mattresses. The latest project of the company, the BEREX brand aims to improve sleep and well-being through state-of-the-art mattresses and massage chairs. Since its inception, Coway has become a leader in the home appliance industry with intensive research, development, engineering and customer service healthy environment. The company has a proven commitment to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction and brand recognition. Coway continues to innovate by diversifying its product lines and expanding overseas operations in Malaysia, the United States, Thailand, China, Indonesia, Vietnam, Japan and Europe on the basis of business success in Korea. For more information please visit or http://newsroom.coway.com.
2023-12-19 22:29:31
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