In 2024, 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 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 11,395a | 11,261a | 831a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 6,416a | 6,780a | 5,995a | |
Total Scope 3 | 17,686a | 16,921a | 59a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 3.8794a | 3.6278a | 0.2716a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Coway amounted to 17,811 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Coway decreased by 1.27%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Coway were 11,395 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Coway's Scope 1 emissions have increased by 1,680.47%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Coway's Scope 1 emissions increased by 1.19%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Coway reported Scope 2 greenhouse gas (GHG) emissions of 6,416 tCO₂e without specifying the calculation method.a
Since 2019, Coway's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 22.82%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Coway's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Coway's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Coway reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Coway reported 17,686 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Coway includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Coway reported total Scope 3 emissions of 17,686 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 93.61% of these emissions originated from upstream activities such as purchased goods and capital goods, while 6.39% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Coway's Scope 3 emissions remained relatively stable, indicating that Coway's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Coway reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Coway's Scope 3 emissions were:a
In 2024, Coway reported Scope 1 greenhouse gas (GHG) emissions of 11,395 tCO₂e and total revenues of USD 2,937 millions. This translates into an emissions intensity of 3.88 tCO₂e per millions USD.a
In 2024, Coway reported a Scope 1 emissions intensity of 3.88 tCO₂e per millions USD. Compared to the peer group median of 9.02, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Coway ranked 7 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Coway is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Coway reported a total carbon footprint of 35,497 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.53% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Coway's total carbon footprint was Scope 3 emissions, accounting for 49.82% of the company's total carbon footprint, followed by Scope 1 emissions at 32.1%.a