Coway Co Ltd

Common Name
Coway
Country
South Korea
Sector
Consumer Cyclical
Industry
Furnishings, Fixtures & Appliances
Employees
6,021
Ticker
021240
Exchange
KOREA EXCHANGE
Description
Coway Co., Ltd., a leading global manufacturer, specializes in producing and distributing home wellness appliances. The company's primary function is to enhance consumer well-being through innovative ...

Coway's GHG Emissions Data Preview

In 2023, Coway completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Coway has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Coway's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Coway amounted to 7,850 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Coway increased by 15%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Coway's Scope 1 Emissions Over Time

20182019202020212022202303006009001.2 ktCO2e-5%-6%+46%-5%+29%
  • Total Scope 1
  • Year-over-Year Change

What are Coway's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Coway were 1,070 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Coway reduced its Scope 1 emissions over time?

Since 2018, Coway's Scope 1 emissions have increased by 58.28%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Coway's Scope 1 emissions increased by 28.76%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Coway's Scope 2 emissions?

In 2023, Coway reported Scope 2 greenhouse gas (GHG) emissions of 6,780 tCOâ‚‚e without specifying the calculation method.

Has Coway reduced its Scope 2 emissions over time?

Since 2018, Coway's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 26.75%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Coway's Scope 2 emissions (Unspecified Calculation Method) rose by 13.09% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Coway use for Scope 2 reporting?

In 2023, Coway reported its Scope 2 emissions using an unspecified methodology.

Coway's Scope 2 Emissions Over Time

20182019202020212022202302 k4 k6 k8 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Coway's Value Chain Emissions

In 2023, Coway reported 17,717 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Coway includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Coway's Scope 3 Emissions Over Time

202020212022202304.5 k9 k13.5 k18 ktCO2e-7%-12%+29929%
  • Total Scope 3
  • Year-over-Year Change

What are Coway's Scope 3 emissions?

In 2023, Coway reported total Scope 3 emissions of 17,717 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 93.74% of these emissions originated from upstream activities such as purchased goods and capital goods, while 6.26% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Coway's Scope 3 emissions increased by 29,928.81%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Coway disclose?

In 2023, Coway reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Coway's Scope 3 emissions?

In 2023, the largest contributors to Coway's Scope 3 emissions were:

  • Upstream Leased Assets (Cat. 8): 5,755 tCOâ‚‚e (32.48%)
  • Purchased Goods and Services (Cat. 1): 5,062 tCOâ‚‚e (28.57%)
  • Upstream Transportation and Distribution (Cat. 4): 3,550 tCOâ‚‚e (20.04%)

Coway's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(20.0%)Upstream LeasedAssets (Cat. 8)(32.5%)Purchased Goods andServices (Cat. 1)(28.6%)

Insights into Coway's Total Carbon Footprint

In 2023, Coway reported a total carbon footprint of 25,567 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 271.34% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Coway's total carbon footprint was Scope 3 emissions, accounting for 69.3% of the company's total carbon footprint, followed by Scope 2 emissions at 26.52%.