Yeonwoo Co., Ltd. Achieves 'Silver' Rating in EcoVadis Sustainability Assessment
Environment, Human Rights, and Labor Sectors Rated 'Excellent', Top 25% Worldwide
[Asia Economy Reporter Kim Jonghwa] Yeonwoo Co., Ltd. (CEO Ki Joonghyun), a company specializing in cosmetic pumps and containers, announced that it has obtained the 'Silver Certification Level' in the 2021 Ecovadis sustainability performance survey, which evaluates companies' 'social responsibility performance.'
The global research organization Ecovadis evaluates companies' environmental and social impacts based on international sustainability standards under the supervision of a scientific community composed of experts in sustainability and supply chain fields. It assesses four major categories?environment, human rights and labor, ethics, and sustainable procurement policies?across approximately 160 countries, 200 industries, and 75,000 companies, awarding certifications by grade.
Yeonwoo demonstrated that it is a leading manufacturing company ranking within the top 25% among over 75,000 evaluated companies by receiving positive evaluations for △developing eco-friendly material products and manufacturing methods △obtaining eco-friendly certification from Ecocert, an eco-certification organization △and receiving the Minister of Employment and Labor Award for high evaluation in improving employment equality and environment from the Ministry of Employment and Labor. Among these, it was recognized for the highest performance in the environment and human rights and labor categories, and also received high scores in ethics and sustainable procurement policy categories, earning the Silver grade.
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Ki Joonghyun, CEO of Yeonwoo, said, "This evaluation result has laid the foundation to expect positive effects in building supply chain partnerships with global companies in the future by securing objective credibility regarding sustainability. We will continue company-wide efforts to showcase ourselves as a top-level sustainable management company in the rapidly changing global business environment to the global market."
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