Partners with Resource Circulation Social Solidarity, E-Circulation Governance

Logistics units CLS, CFS join pact; employee education campaign planned

From left: Kim Mi-hwa, chairperson of Resource Circulation Social Solidarity; Lee Sang-jin, chairperson of E-Circulation Governance; Hong Yong-jun, CEO of Coupang Logistics Service; Chae Jong-min, executive vice president of Coupang Inc; and Choi Kyung-hee, senior vice president of Coupang Fulfillment Service, pose for a photo Tuesday at the Coupang Rocket Research Lab in Seolleung, Seoul, to mark the signing of the E-WASTE ZERO Circular Economy Practice MOU. [Coupang Inc]
From left: Kim Mi-hwa, chairperson of Resource Circulation Social Solidarity; Lee Sang-jin, chairperson of E-Circulation Governance; Hong Yong-jun, CEO of Coupang Logistics Service; Chae Jong-min, executive vice president of Coupang Inc; and Choi Kyung-hee, senior vice president of Coupang Fulfillment Service, pose for a photo Tuesday at the Coupang Rocket Research Lab in Seolleung, Seoul, to mark the signing of the E-WASTE ZERO Circular Economy Practice MOU. [Coupang Inc]

Coupang Inc announced Wednesday that it signed the E-WASTE ZERO Circular Economy Practice MOU with Resource Circulation Social Solidarity and E-Circulation Governance at the Coupang Rocket Research Lab in Seolleung, Seoul.

Coupang Logistics Service (CLS) and Coupang Fulfillment Service (CFS) also joined the agreement. Under the pact, Coupang, CLS and CFS will separately collect end-of-life and malfunctioning electronics from their logistics facilities and recycle them through E-Circulation Governance's circular resource system in ways suited to each material's characteristics. The companies will also run a campaign to educate employees on proper disposal methods and the importance of resource circulation.

Each company is set to receive greenhouse gas reduction certificates and circular resource output verification documents from E-Circulation Governance. The two documents quantify the greenhouse gas reduction achieved through e-waste recycling and the output of circular resources, including metallic and non-metallic materials. Funds generated through the resource circulation activities will be donated to designated charities in each company's name.

E-Circulation Governance will handle the collection and recycling of waste electronics, while Resource Circulation Social Solidarity will support the establishment and overall operation of the collection and recycling framework. "This agreement is a meaningful step toward building a sustainable circular resource ecosystem," said Hong Yong-jun, CEO of Coupang Logistics Service.


andy@heraldcorp.com