- CEO David Lim: "Committed to
achieving genuine ESG practices and outstanding business
performance simultaneously"
- First KOSDAQ-listed medical AI company to publish a
sustainability report
- Reflecting a commitment to AI technology for social impact and
social responsibility
YONGIN, South Korea, July 1, 2024
/PRNewswire/ -- Noul Co., Ltd. (CEO: David Lim) has published its 2023-2024
Sustainability Report. Noul annually reviews its corporate
activities and achievements from economic, social, and
environmental aspects and transparently discloses these results to
stakeholders through its sustainability reports. As the first
KOSDAQ-listed medical AI company to do so, Noul began publishing
the report in 2020, making this the fourth one.
The 2023-2024 Noul Sustainability Report features a "Management
Interview" section, offering stakeholders a clear understanding of
the 2023 performance in organizational operation and future
aspirations.
The interview covers the most significant milestones and
accomplishments of 2023, business
challenges, management plan, specific goals and plans for 2024, and
ESG commitment. The 2023 management initiative, "Noul 2.0," was
introduced, highlighting a shift to a market- and customer-centric
management mode. This approach aims to achieve tangible business
outcomes in the global business operations.
"Noul has been operating for nine years with a corporate
ambition to impact the lives of one billion people worldwide by
providing innovative diagnostic solutions in response to health and
life-threatening issues. As the first KOSDAQ-listed medical AI
company to publish a sustainability report, Noul is deeply
committed to corporate social responsibility. We are dedicated to
achieving both business performance and ESG practices," stated CEO
David Lim in the interview.
The report details the Five Sustainability Focus Areas
established in 2023: (1) Improvement in Access to Healthcare, (2)
Compliance, Ethics, and Risk Management, (3) Sound and Sustainable
Governance, (4) Responsible and Inclusive Workplace, and (5)
Protecting the Planet. The report also outlines the activities and
achievements related to these areas.
Among the 5 Sustainability Focus Areas, notable achievements in
2023 were made in the "Improvement in Access to Healthcare," which
emphasized the social impact of Noul's diagnostic products. Due to
increased global demand, the malaria diagnostic product (miLab™
MAL) was introduced in 19 countries, with 24,000 cartridges
supplied to low- and middle-income countries in 2023. The product
achieved malaria diagnostic performance equal to or exceeding that
of WHO-certified level 1 microscopists. For blood testing (miLab™
BCM) and cervical cancer testing products (miLab™ CER),
improvements in AI and clinical performance were made, along with
enhancements based on customer feedback, thereby improving
usability of them.
Meanwhile, Noul has disclosed its Implementation Strategy to
effectively achieve the 5 Focus Areas, outlining Sustainability
Stages and Key Actions aligned with Noul's business growth phases
from 2023 to 2027. Detailed progress and results can be reviewed in
the report.
Noul's Chief Sustainability Officer (CSO), Justin Ahn, stated, "Noul's sustainability
management emphasizes responsible relationships with stakeholders
and a balanced consideration of economic, social, and environmental
values. Our focus is on implementing sustainability actions and
generating performance progressively alongside our company's
growth. Over the next three years, we will strive to ensure the
balanced implementation of sustainable practices, including
building sound governance, fulfilling social responsibilities, and
protecting the earth's ecosystem, in alignment with noticeable
business growth that stakeholders can perceive."
Noul regularly reports its ESG management performance and plans
to the board through its annual sustainability report, continuously
engaging in responsible communication with stakeholders including
customers, partners, investors, shareholders, employees,
international organizations, and governments.
The report can be accessed on Noul's
website(noul.com/en/sustainability) and the electronic disclosure
system 'DART'
(https://englishdart.fss.or.kr/dsbh001/main.do?rcpNo=20240628901119).
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SOURCE Noul