Coway Sustainability Profile
Coway Co., Ltd., commonly known as Coway, is a leading South Korean company headquartered in Japan. Established in 1989, Coway has made significant strides in the home appliance industry, particularly in water and air purification systems. The company operates extensively across Asia, North America, and Europe, solidifying its presence in the global market. Renowned for its innovative products, Coway offers a range of unique solutions, including advanced water purifiers, air purifiers, and bidets, all designed with cutting-edge technology and eco-friendly features. The brand's commitment to sustainability and health has earned it numerous accolades, positioning Coway as a trusted name in the industry. With a focus on enhancing quality of life, Coway continues to lead the way in providing clean and safe living environments for consumers worldwide.
DitchCarbon Score
How does Coway's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Coway's score of 73 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Coway's reported carbon emissions
In 2024, Coway reported total greenhouse gas emissions of approximately 40,000,000 kg CO2e, comprising 11,395,000 kg CO2e from Scope 1, 6,416,000 kg CO2e from Scope 2, and 17,686,000 kg CO2e from Scope 3 emissions. This reflects a commitment to reducing emissions significantly, with targets set to cut greenhouse gas emissions by 50% compared to 2020 levels by 2030, followed by 75% by 2040, and achieving carbon neutrality by 2050. In 2023, Coway's emissions were approximately 38,000,000 kg CO2e, with Scope 1 emissions at 11,261,000 kg CO2e, Scope 2 at 6,780,000 kg CO2e, and Scope 3 at 16,921,000 kg CO2e. The company has made strides in its climate commitments, focusing on investments in renewable energy and enhancing energy efficiency across its operations. Coway's long-term strategy includes a comprehensive approach to emissions reduction across all scopes, aiming for a complete elimination of emissions by 2050. The company is actively working towards these goals, demonstrating a robust commitment to sustainability and climate action.
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| 2010 | 2011 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | - | - | - | 00,000 | 00,000 | 00,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Coway's Industry?
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Coway's Scope 3 Categories Breakdown
Coway's Scope 3 emissions, which increased by 5% last year and increased by approximately 339% since 2014, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Upstream Leased Assets" being the largest emissions source at 33% of Scope 3 emissions.
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Coway's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Coway has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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