Coway Co. will start building of a solar energy plant in Paju, Gyeonggi Province, South Korea on the roof of iOBED, the corporate’s subsidiary, in early 2023. This new plant is estimated to offer an annual capability of 800 KWh and can play an vital position in Coway’s ESG initiatives, which search to reduce the unfavourable environmental impacts of the corporate’s operations and reinforce its sustainability efforts.
Coway already operates three solar energy crops at its factories and distribution middle.
“We count on to cut back GHG emissions by 470 tons yearly by means of our new solar energy crops,” mentioned a Coway official in a press release. “That is a part of our ESG initiative that we’re devoted to fulfilling in keeping with accountability as an environmentally-friendly firm.”