Coway Co Ltd

Common Name
Coway
Country
South Korea
Sector
Consumer Cyclical
Industry
Furnishings, Fixtures & Appliances
Employees
6,095
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 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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Coway’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Coway’s data sources below and access millions more through our Disclosure Search.

a. Coway's Sustainability Report 2024
a. Coway's Sustainability Report 2024
b. Coway's Sustainability Report 2022
b. Coway's Sustainability Report 2022

Insights into Coway's Operational Emissions

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

Coway's Scope 1 Emissions Over Time

201820192020202120222023202403 k6 k9 k12 ktCO2e-5%-6%+46%-5%+1255%+1%
  • Total Scope 1
  • Year-over-Year Change

What are Coway's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Coway were 11,395 metric tons of CO₂ equivalent (tCO₂e). a

Has Coway reduced its Scope 1 emissions over time?

Since 2018, Coway's Scope 1 emissions have increased by 1,585.65%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

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

What are Coway's Scope 2 emissions?

In 2024, Coway reported Scope 2 greenhouse gas (GHG) emissions of 6,416 tCO₂e without specifying the calculation method. a

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 19.95%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

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

What methodology does Coway use for Scope 2 reporting?

In 2024, Coway reported its Scope 2 emissions using an unspecified methodology. a

Coway's Scope 2 Emissions Over Time

201820192020202120222023202402 k4 k6 k8 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Coway's Value Chain Emissions

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

Coway's Scope 3 Emissions Over Time

2020202120222023202404.5 k9 k13.5 k18 ktCO2e-7%-12%+28580%+5%
  • Total Scope 3
  • Year-over-Year Change

What are Coway's Scope 3 emissions?

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

What categories of Scope 3 emissions does Coway disclose?

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.

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

In 2024, the largest contributors to Coway's Scope 3 emissions were: a

  • Upstream Leased Assets (Cat. 8): 5,798 tCO₂e (32.79%)
  • Purchased Goods and Services (Cat. 1): 5,638 tCO₂e (31.88%)
  • Upstream Transportation and Distribution (Cat. 4): 3,541 tCO₂e (20.02%)

Coway's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(31.9%)UpstreamTransportation andDistribution(Cat. 4)(20.0%)Upstream LeasedAssets (Cat. 8)(32.8%)

Insights into Coway’s GHG Emissions Intensity Compared to Industry Peers

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

Coway's Scope 1 Emissions Intensity Compared to Peers

2050010,000200,0005,000,000Scope 1 Emissions (tCO2e)502002,00020,000200,000Revenues (Millions of USD)Whirlpool of IndiaYear: 2025Scope 1: 2,215 tCO2eRevenue: $M 927Scope 1 Intensity: 2.39 tCO2e/$MNien Made EnterpriseYear: 2023Scope 1: 1,951 tCO2eRevenue: $M 877Scope 1 Intensity: 2.22 tCO2e/$MOrthexYear: 2023Scope 1: 66 tCO2eRevenue: $M 95Scope 1 Intensity: 0.69 tCO2e/$MDe' LonghiYear: 2024Scope 1: 11,255 tCO2eRevenue: $M 3,632Scope 1 Intensity: 3.10 tCO2e/$MMan Wah HoldingsYear: 2023Scope 1: 26,059 tCO2eRevenue: $M 2,210Scope 1 Intensity: 11.79 tCO2e/$MMidea GroupYear: 2023Scope 1: 1,017,606 tCO2eRevenue: $M 52,583Scope 1 Intensity: 19.35 tCO2e/$MArcelikYear: 2023Scope 1: 78,559 tCO2eRevenue: $M 12,563Scope 1 Intensity: 6.25 tCO2e/$MSharkninjaYear: 2024Scope 1: 582 tCO2eRevenue: $M 5,527Scope 1 Intensity: 0.11 tCO2e/$MKotobuki SpiritsYear: 2024Scope 1: 3,388 tCO2eRevenue: $M 1,846Scope 1 Intensity: 1.84 tCO2e/$MHaier Smart HomeYear: 2024Scope 1: 417,884 tCO2eRevenue: $M 39,186Scope 1 Intensity: 10.66 tCO2e/$MAmber Enterprises IndiaYear: 2024Scope 1: 6,960 tCO2eRevenue: $M 783Scope 1 Intensity: 8.89 tCO2e/$MRoche BoboisYear: 2024Scope 1: 1,554 tCO2eRevenue: $M 431Scope 1 Intensity: 3.61 tCO2e/$MLa-Z-BoyYear: 2023Scope 1: 39,430 tCO2eRevenue: $M 2,349Scope 1 Intensity: 16.78 tCO2e/$MHNIYear: 2024Scope 1: 48,252 tCO2eRevenue: $M 2,526Scope 1 Intensity: 19.10 tCO2e/$MZhejiang SuporYear: 2024Scope 1: 27,727 tCO2eRevenue: $M 3,073Scope 1 Intensity: 9.02 tCO2e/$MMasterbrand IncYear: 2023Scope 1: 39,413 tCO2eRevenue: $M 2,726Scope 1 Intensity: 14.46 tCO2e/$MMartelaYear: 2023Scope 1: 797 tCO2eRevenue: $M 104Scope 1 Intensity: 7.63 tCO2e/$MHisense Home Appliances GroupYear: 2023Scope 1: 41,795 tCO2eRevenue: $M 12,044Scope 1 Intensity: 3.47 tCO2e/$MHowden Joinery GroupYear: 2024Scope 1: 37,478 tCO2eRevenue: $M 2,914Scope 1 Intensity: 12.86 tCO2e/$MMetalfrio SolutionsYear: 2024Scope 1: 462 tCO2eRevenue: $M 354Scope 1 Intensity: 1.30 tCO2e/$MV-ZUG HoldingYear: 2024Scope 1: 3,261 tCO2eRevenue: $M 653Scope 1 Intensity: 4.99 tCO2e/$MCowayYear: 2024Scope 1: 11,395 tCO2eRevenue: $M 2,937Scope 1 Intensity: 3.88 tCO2e/$M

How does Coway's GHG emissions intensity compare to its peers?

In 2024, Coway reported a Scope 1 emissions intensity of 3.88 tCO₂e per millions USD. Compared to the peer group median of 6.25 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Coway rank on GHG emissions intensity within its industry?

In 2024, Coway ranked 10 out of 21 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

Insights into Coway's Total Carbon Footprint

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

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