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Coway Gets Closer to Its Environmental Goals through ESG Initiatives

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– The company has aimed for a 100% reduction in greenhouse gas emissions by 2050 through ‘carbon neutrality.’

SEOUL, South Korea, Aug. 28, 2024 /PRNewswire/ — Back in 2006, Coway, true to its name as the “Best Life Solution Company,” pledged to follow an ESG framework that would minimize the environmental impact of its business operations. Coway announced that by 2030, greenhouse gas emissions would be reduced by 50% compared to 2020. On a mid-to-long-term basis, the company plans to operate on 100% renewable energy and be fully carbon neutral by 2050.

Since declaring its ESG framework in 2006, Coway has actively implemented its mission, vision, environmental policies, and goals.

In 2021, Coway strengthened its commitments by establishing an ESG committee and accelerated its strategic ESG goals by publicly disclosing initiatives to be reached in each area by 2023.

Waste Recovery and Recycling System for Improved Resource Circulation

Coway seeks to move towards a circular economy by using a cycle of recovering, reusing, and recycling old resources. The goal is to achieve a 100% waste recycling rate and a 100% industrial waste resource recovery rate by 2030.

An example of this is Coway’s waste mattress recovery and recycling system, which has been in effect since 2018. The company takes control of the entire recycling process, from collecting used mattresses to cutting and shredding, and separating valuable materials such as scrap metal and synthetic resin to promote more efficient resource circulation. The system was recognized by the Ministry of Environment as an exemplary case of resource circulation in South Korea.

Coway also minimizes its environmental impact by using recycled materials in its products. The Winner Air Purifier uses recycled PCR plastics in most internal and external components, significantly reducing waste. Since 2022, Coway has also used non-combustible recycled materials in its bidet products, with plans for further expansion.

Renewable Energy Usage in Business Sites

To reduce greenhouse gas emissions and environmental pollutants throughout the manufacturing processes, Coway has invested in and continues to adopt renewable energy sources. The company is using solar power in three of its factories – Yugu Factory (49.5kWh), Incheon Factory (39kWh), and Pocheon Factory (45kWh), as well as in Yugu distribution center (1,048.8kWh). The company also produces renewable energy through solar power plants 001 and 002.

In 2023, these installations enabled Coway to produce and consume approximately 185 MWh of electricity internally, which is the equivalent of reducing greenhouse gas emissions by about 81 tons.

Cultivation of Eco-Friendly Culture

Coway’s ongoing environmental campaigns promote its culture of environmental awareness. The “Coway River Plogging Campaign” was initiated in 2022, and its annual events encourage eco-friendly practices like collecting litter while jogging or walking near water and fostering environmental stewardship in daily life. The 2023 campaign saw a 41% increase in participation compared to the previous year, a testament to its widespread community support.

The Coway “Classroom Forest Project” instills environmental awareness among children by donating air-purifying plants to elementary schools nationwide, creating environmental awareness, and educating them about the importance of protecting the environment.

In recognition of its efforts, Coway achieved an ‘A’ grade in the 2023 KCGS ESG Evaluation & Ratings and received the Industry Minister’s Award at the 2023 Corporate Innovation Awards, jointly hosted by the Korea Chamber of Commerce and Industry and the Ministry of Trade, Industry and Energy. Coway has also been placed on the 2023 Dow Jones Sustainability Asia/Pacific Index for 11 consecutive years, affirming its ESG management achievements.

A Coway spokesperson stated, “Coway remains committed to making our ESG management vision of ‘Creating a Better Earth’ a reality by enhancing our environmental management systems to reduce greenhouse gas emissions and achieve carbon neutrality.”

About Coway Co., Ltd. 

Established in Korea in 1989, Coway, the “Best Life Solution Company,” is a leading environmental home appliances company making people’s lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. The company’s most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com.

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SOURCE Coway Co., Ltd.

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Huawei Launches Over 20 All-New Xinghe Intelligent Network Offerings to Amplify Industrial Intelligence

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September 21, 2024

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SHANGHAI, Sept. 21, 2024 /CNW/ — During HUAWEI CONNECT 2024, Leon Wang, President of Huawei’s Data Communication Product Line, announced more than 20 all-new Xinghe Intelligent Network offerings globally at the summit themed “Xinghe Intelligent Network, Amplify Industrial Intelligence”. These purpose-built offerings contribute to an AI network ecosystem and help customers seize opportunities for intelligent development and maximize intelligent productivity.

With the development of AI technologies, the world is advancing from digital transformation to intelligent transformation. All industries are quickly adopting AI technologies to create new use cases, for example, self-driving cars, intelligent diagnosis and treatment, and intelligent train inspection. All of these are significantly improving the efficiency and experience of our work and daily lives.

The advent of the intelligent era is driving networks into intelligent ones. Huawei has been making joint efforts with partners to lead research and practices of intelligent networks. That’s why Huawei constantly upgrades its Xinghe Intelligent Network offerings to help customers grasp opportunities for intelligent development, build new intelligent network infrastructure, and maximize intelligent productivity in the intelligent era. Key highlights include the following:

Xinghe Intelligent Campus focuses on AI-enabled, experience-centric campus network construction, ensuring zero freezing for audio and video applications, zero degradation on services, and zero waiting for interactions.Xinghe Intelligent WAN introduces a wide range of intelligent technologies to intelligently schedule millions of flows and precisely optimize service experience.Xinghe Intelligent Fabric adopts the AI Turbo engine to improve network throughput, enhancing foundation model training efficiency.Xinghe Intelligent Network Security integrates AI technologies into network security detection, accurately and rapidly identifying threats.

To support network solutions in various scenarios, Huawei released more than 20 featured offerings globally. Examples include the industry’s first 100 Tbps fixed-form Ethernet data center switch, the industry’s first 51.2 Tbps liquid-cooled fixed-form data center switch, the industry’s first AI router, high-quality 10 Gbps campus switches and Wi-Fi 7 APs, Intelligent SASE Branch Security Solution, and the industry’s first IP Autonomous Driving Network Solution. All these offerings are designed to help customers with greater business returns.

As the intelligent era calls for intelligent networks, Huawei will continue to drive the development of intelligent networks and upgrade its Xinghe Intelligent Network products and solutions, ultimately helping global customers to stride towards the intelligent era and reap more benefits.

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SOURCE Huawei

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HUAWEI CONNECT 2024 | Huawei Unveils the Brand-New Xinghe Intelligent Fabric Solution, Powering the AI Era

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1 hour ago

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September 21, 2024

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, over 300 industry leaders, experts, and scholars gathered for the data center network session themed “Xinghe Intelligent Fabric, Powering the AI Era.” The event featured discussions on the evolution and technological advancements of data center networks. During the session, Arthur Wang, President of Data Center Network Domain at Huawei’s Data Communication Product Line, introduced the newly upgraded Xinghe Intelligent Fabric solution. This cutting-edge solution aims to establish a data center network characterized by one map for intelligent operations and maintenance (O&M), one network for diverse computing, and one platform for simplified deployment, providing a robust network infrastructure to support enterprises’ digital and intelligent transformations.

In his keynote speech, Arthur Wang outlined the emerging trends in data center network development. He emphasized that in the AI era, data center networks require both a “brilliant brain” and “resilient bones.” The newly launched Xinghe Intelligent Fabric solution is designed to deliver a powerful network infrastructure tailored for the AI era, featuring:

One Map for Intelligent O&M: Zero Management Concerns

Huawei’s exclusive network digital map enables rapid cross-data center and cross-vendor fault identification within minutes. Additionally, the NetMaster network large model facilitates AI-driven O&M, eliminating manual intervention and ensuring zero management concerns.

One Network for Diverse Computing: Zero Service Interruptions

The Xinghe Intelligent Fabric supports various application scenarios, including intelligent computing, general-purpose computing, and storage. The innovative Network Scale Load Balancing (NSLB) algorithm increases network throughput to 95% and boosts AI training efficiency by over 10%. With the exclusive iReliable three-level fast switchover capability, it achieves sub-millisecond switchover, guaranteeing zero service interruptions.

One Platform for Simplified Deployment: Zero Configuration Errors

By employing digital twins to simulate networks in advance and verify configurations post-deployment, the solution ensures 100% accuracy in network changes. By harnessing network-security convergence capabilities, AI creates an intelligent security matrix to analyze millions of security policies, achieving zero configuration errors.

Looking ahead, Huawei will continue to collaborate with industry partners to enhance research and innovation in data center networks, promote intelligent upgrades, and create greater value for the industry.

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SOURCE Huawei

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Cultivating a Culture of Peace: International Day of Peace Statement by Education Cannot Wait Executive Director Yasmine Sherif

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4 hours ago

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September 21, 2024

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NEW YORK, Sept. 21, 2024 /CNW/ — The longing for peace transcends time, geography and religion. Based on justice, human rights and universal values outlined in the UN Charter, a culture of peace brings us all together in our common agenda for humanity. We can only co-exist by aligning ourselves with such a world order.

On today’s International Day of Peace, we call on world leaders to end conflict and embrace a culture of peace as enshrined in the UN Charter and related international law.

As the UN General Assembly outlined in the Declaration and Programme of Action on a Culture of Peace  a quarter of a century ago, this must include: “Respect for life, human rights and fundamental freedoms; the promotion of non-violence through education, dialogue and cooperation; commitment to peaceful settlement of conflicts; and adherence to freedom, justice, democracy, tolerance, solidarity, cooperation, pluralism, cultural diversity, dialogue and understanding at all levels of society and among nations.”

Educating for peace starts at home and continues in school through years of education. This takes place during the most formative years of a child learning about their identity, ethics, values, conscience, courage and compassion. Wherever there has been a failure in imparting on children the imperative for peace, the world is turned upside down. This is a global failure with no geographical boundaries.

Today, we live in a world of unprecedented violence, armed conflict and chaos. All the genuine and heartfelt commitments made in 1945 in the UN Charter seem to be fading away. Children and adolescents are the most vulnerable, the least protected, and the most impacted. They bear the brunt. 

Global conflicts killed three times as many children in 2023 than in the previous year, according to the United Nations. The number of forcibly displaced people reached an unprecedented 120 million in May 2024.

“In 2023, the United Nations verified a record 32,990 grave violations against 22,557 children in 26 conflict zones, a 35% increase from the previous year,” according to recent analysis by the UN.

We can end these violations and invest in a constructive co-existence globally. We can use our resources for education, rather than for wars. In classrooms around the world, girls and boys who have withstood the wrath of war can rebuild their hopes and their lives. Cultivating a culture of peace is possible. The financial resources exist. The choice as to how we use them is ours.

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SOURCE Education Cannot Wait

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