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ATRenew Inc. Announces Improvement in S&P Global Corporate Sustainability Assessment ESG Score for 2024

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ATRenew Inc. (NYSE: RERE), a leading pre-owned consumer electronics platform in China, has announced an improvement in its S&P Global Corporate Sustainability Assessment ESG score for 2024. The company's score increased to 35 from 33 in the previous year, placing it in the 93rd percentile among global RTS retailing industry peers.

ATRenew showed progress across all three ESG dimensions:

  • Environmental: Score of 40, demonstrating strong performance in environmental policy and management
  • Social: Score increased to 31 from 20 in 2023, showing progress in human capital management
  • Governance & Economic: Score of 31, showcasing commitment to ethical business practices

The assessment identified climate strategy, human capital management, and business ethics as key drivers of ATRenew's ESG performance. The company also received high marks for information security and cybersecurity.

ATRenew Inc. (NYSE: RERE), una piattaforma leader di elettronica di consumo usata in Cina, ha annunciato un miglioramento nel punteggio ESG della S&P Global Corporate Sustainability Assessment per il 2024. Il punteggio dell'azienda è aumentato a 35 rispetto ai 33 dell'anno precedente, collocandola nel 93° percentile tra i suoi pari nel settore del commercio al dettaglio globale.

ATRenew ha mostrato progressi in tutte e tre le dimensioni ESG:

  • Ambientale: Punteggio di 40, a dimostrazione di un forte rendimento nella politica e gestione ambientale
  • Sociale: Punteggio aumentato a 31 rispetto ai 20 nel 2023, mostrando progressi nella gestione del capitale umano
  • Governance & Economico: Punteggio di 31, a testimonianza dell'impegno verso pratiche commerciali etiche

La valutazione ha identificato la strategia climatica, la gestione del capitale umano e l'etica aziendale come fattori chiave delle prestazioni ESG di ATRenew. L'azienda ha anche ricevuto punteggi elevati per la sicurezza delle informazioni e la cybersecurity.

ATRenew Inc. (NYSE: RERE), una plataforma líder de electrónica de consumo de segunda mano en China, ha anunciado una mejora en su puntuación ESG en la Evaluación de Sostenibilidad Corporativa de S&P Global para 2024. La puntuación de la empresa aumentó a 35 desde 33 en el año anterior, colocándola en el 93.º percentil entre sus pares en la industria global de retail.

ATRenew mostró avances en las tres dimensiones ESG:

  • Ambiental: Puntuación de 40, lo que demuestra un sólido desempeño en política y gestión ambiental
  • Social: La puntuación aumentó a 31 desde 20 en 2023, mostrando avances en la gestión del capital humano
  • Gobernanza y Económico: Puntuación de 31, mostrando un compromiso con prácticas comerciales éticas

La evaluación identificó la estrategia climática, la gestión del capital humano y la ética empresarial como factores clave en el rendimiento ESG de ATRenew. La empresa también recibió altas calificaciones en seguridad de la información y ciberseguridad.

ATRenew Inc. (NYSE: RERE)는 중국에서 선도적인 중고 소비자 전자 제품 플랫폼으로, 2024년 S&P 글로벌 기업 지속 가능성 평가 ESG 점수가 개선되었음을 발표했습니다. 이 회사의 점수는 지난해의 33점에서 35점으로 증가하였으며, 글로벌 RTS 소매 산업 동료들 가운데 93번째 백분위에 해당합니다.

ATRenew는 세 가지 ESG 차원 모두에서 진전을 보였습니다:

  • 환경: 40점, 환경 정책 및 관리에서 높은 성과를 보여줌
  • 사회: 2023년 20점에서 31점으로 증가, 인적 자본 관리에서 진전을 나타냄
  • 거버넌스 및 경제: 31점, 윤리적인 비즈니스 관행에 대한 약속을 보여줌

평가는 기후 전략, 인적 자본 관리 및 비즈니스 윤리를 ATRenew의 ESG 성과의 주요 요인으로 식별했습니다. 이 회사는 정보 보안 및 사이버 보안에서도 높은 평가를 받았습니다.

ATRenew Inc. (NYSE: RERE), une plateforme leader en électronique grand public d'occasion en Chine, a annoncé une amélioration de son score ESG dans l'évaluation de durabilité d'entreprise de S&P Global pour 2024. Le score de l'entreprise est passé de 33 à 35 par rapport à l'année précédente, la plaçant au 93e percentile parmi ses pairs de l'industrie du commerce de détail mondial.

ATRenew a montré des progrès dans les trois dimensions ESG :

  • Environnementale : Score de 40, démontrant une forte performance en matière de politique et de gestion environnementale
  • Sociale : Score augmenté à 31 contre 20 en 2023, montrant des progrès dans la gestion du capital humain
  • Gouvernance & Économique : Score de 31, illustrant un engagement envers des pratiques commerciales éthiques

L'évaluation a identifié la stratégie climatique, la gestion du capital humain et l'éthique des affaires comme des moteurs clés de la performance ESG d'ATRenew. L'entreprise a également obtenu de très bonnes notes pour la sécurité des informations et la cybersécurité.

ATRenew Inc. (NYSE: RERE), eine führende Plattform für gebrauchte Unterhaltungselektronik in China, hat eine Verbesserung ihrer ESG-Bewertung im Rahmen der S&P Global Corporate Sustainability Assessment für 2024 bekannt gegeben. Die Bewertung des Unternehmens stieg von 33 auf 35 im Vorjahr, was es in den 93. Perzentil unter den globalen RTS-Einzelhandelskollegen einreiht.

ATRenew erzielte Fortschritte in allen drei ESG-Dimensionen:

  • Umwelt: Punktzahl von 40, was eine starke Leistung in Umweltpolitik und -management zeigt
  • Sozial: Punktzahl stieg auf 31 von 20 im Jahr 2023, was Fortschritte im Humankapitalmanagement zeigt
  • Governance & Wirtschaft: Punktzahl von 31, was das Engagement für ethische Geschäftspraktiken unterstreicht

Die Bewertung identifizierte Klimastrategie, Humankapitalmanagement und Unternehmensethik als Schlüsselfaktoren für die ESG-Leistung von ATRenew. Das Unternehmen erhielt auch hohe Bewertungen für Informationssicherheit und Cybersicherheit.

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SHANGHAI, Aug. 29, 2024 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced its latest Environmental, Social and Governance (ESG) scores as assessed by S&P Global's Corporate Sustainability Assessment ("CSA") released on August 23, 2024. ATRenew achieved a notable improvement with an S&P Global ESG Score of 35 in 2024, up from 33 in the previous year. This places the Company in the 93rd percentile among its global RTS retailing industry peers, significantly surpassing the industry average.

The S&P Global CSA is a world-renowned assessment tool for evaluating corporate sustainability practices. It provides a comprehensive analysis of companies' ESG performance, considering factors such as environmental impact, social responsibility, and corporate governance. The assessment serves as a crucial reference for stakeholders in making informed business and investment decisions.

Building upon its robust ESG governance structure, ATRenew has consistently integrated sustainability principles into its strategic development and daily operations. The latest S&P Global CSA scores reflect the Company's progress across all three ESG dimensions. In the Environmental Dimension, ATRenew achieved a score of 40, demonstrating strong performance in environmental policy and management, energy efficiency, and sustainable packaging practices. In the Social Dimension, the Company's score increased substantially to 31 in 2024, from 20 in 2023. The increase was due to notable progress in ATRenew's human capital management practices and its efforts to prioritize occupational health and safety. In the Governance & Economic Dimension, ATRenew recorded a score of 31, showcasing its commitment to ethical business practices and effective risk management.

The assessment identified climate strategy, human capital management, and business ethics as among the most material drivers of ATRenew's ESG performance. The Company also received high marks in areas such as information security, cybersecurity, and system availability, reflecting its dedication to protecting customer data and ensuring operational resilience.

Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "We are pleased to see our ESG efforts recognized in this year's S&P Global CSA scores. As a leader in the circular economy, we are committed to driving sustainable practices throughout our operations. Our improved scores reflect the hard work and dedication of our entire team in integrating ESG principles into every aspect of our business."

ATRenew's commitment to transparency is evidenced by its high data availability, with 71% of required disclosures and 66% of additional disclosures made available to S&P Global. This level of transparency significantly exceeds the industry average and underscores the Company's dedication to open and ethical business practices. Looking ahead, ATRenew remains committed to further enhancing its ESG performance. The Company will continue to focus on reducing its environmental footprint, improving social impact, and strengthening governance practices. By doing so, ATRenew aims to create long-term value for its stakeholders while contributing to a more sustainable future for the consumer electronics industry.

About ATRenew Inc.

Headquartered in Shanghai, ATRenew Inc. operates a leading technology-driven pre-owned consumer electronics transactions and services platform in China under the brand ATRenew. Since its inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, addressing the environmental impact of pre-owned consumer electronics by facilitating recycling and trade-in services, and distributing the devices to prolong their lifecycle. ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Through its end-to-end coverage of the entire value chain and its proprietary inspection, grading, and pricing technologies, ATRenew sets the standard for China's pre-owned consumer electronics industry. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ATRenew's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew's strategies; ATRenew's future business development, financial condition and results of operations; ATRenew's ability to maintain its relationship with major strategic investors; its ability to facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew's filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

In China:
ATRenew Inc.
Investor Relations
Email: ir@atrenew.com 

In the United States:
ICR LLC.
Email: atrenew@icrinc.com
Tel: +1-212-537-0461

Cision View original content:https://www.prnewswire.com/news-releases/atrenew-inc-announces-improvement-in-sp-global-corporate-sustainability-assessment-esg-score-for-2024-302233793.html

SOURCE ATRenew Inc.

FAQ

What was ATRenew's S&P Global ESG Score for 2024?

ATRenew (NYSE: RERE) achieved an S&P Global ESG Score of 35 for 2024, up from 33 in the previous year.

How did ATRenew's Social Dimension score change from 2023 to 2024?

ATRenew's Social Dimension score increased substantially from 20 in 2023 to 31 in 2024, showing notable progress in human capital management practices.

What percentile did ATRenew (RERE) rank among its global RTS retailing industry peers?

ATRenew (NYSE: RERE) ranked in the 93rd percentile among its global RTS retailing industry peers, significantly surpassing the industry average.

What were the key drivers of ATRenew's ESG performance according to the S&P Global assessment?

The S&P Global assessment identified climate strategy, human capital management, and business ethics as the most material drivers of ATRenew's ESG performance.

How transparent was ATRenew (RERE) in its ESG disclosures?

ATRenew (NYSE: RERE) demonstrated high transparency with 71% of required disclosures and 66% of additional disclosures made available to S&P Global, exceeding the industry average.

ATRenew Inc. American Depositary Shares (every three of which representing two

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