#Sustainability #China #Shanghai #UNGC #ATRenew

ATRenew Inc. Honored by the UN Global Compact

In a significant recognition of its sustainability efforts, ATRenew Inc. (NYSE: RERE), a leading platform for pre-owned consumer electronics in China, has been included in the United Nations Global Compact's (UNGC) Forward Faster campaign. This initiative celebrates notable contributions to sustainable development within China’s private sector. As a key player in the circular economy, ATRenew stands out for its innovative approach towards electronic waste management and sustainability.

The UNGC's Forward Faster Campaign

Launched in conjunction with the University of Nottingham Ningbo China, the Forward Faster campaign commemorates the 20 years of Environmental, Social, and Governance (ESG) principles. Out of 75 candidates, ATRenew was chosen as one of the top 20 companies after an extensive four-month evaluation, showcasing its exemplary dedication to ESG practices. The recognition is not merely a badge of honor; it underscores ATRenew's integral role in fostering sustainable business practices that contribute to environmental conservation, social responsibility, and sound governance.

Kerry Xuefeng Chen's Statement

Kerry Xuefeng Chen, the founder and CEO of ATRenew, expressed gratitude for the acknowledgment, stating, "We are honored that our practice of promoting ESG and sustainable development has been included in the UN Global Compact's 20 case examples. This achievement not only validates our mission to give a second life to all idle goods but also demonstrates our commitment to ESG principles." Chen emphasized the company's ongoing efforts in leading the development of China's circular economy, placing particular focus on innovative recycling solutions and trade-in services.

ATRenew's Sustainable Practices

ATRenew specializes in the recycling and trade-in of electronic devices, significantly reducing electronic waste and extending the lifespan of consumer goods. This approach is pivotal to the transition towards a circular economy in China, a model that emphasizes the reuse and recycling of resources to minimize waste. By enabling efficient lifecycle management, ATRenew helps consumers and businesses alike to make more sustainable choices in their electronics consumption.

Their platform integrates various capabilities, such as C2B, B2B, and B2C services, ensuring comprehensive service delivery in both online and offline environments. This end-to-end service offering not only caters to consumer needs but also aligns with ATRenew's core mission of promoting responsible consumption and waste reduction.

Commitment to Responsible Business

As a participant in the UNGC, ATRenew is steadfast in its commitment to integrating sustainable practices across its operations. The company aims for continuous improvement in its ESG performance, showcasing that profitability and sustainability can indeed coexist. Their recognition in the Forward Faster campaign is a testament to the effectiveness of these practices.

Looking ahead, ATRenew remains focused on innovating and expanding its services to fulfill its mission of giving idle goods a second life, further contributing to the circular economy. Through their initiatives, they aspire to create long-term value not only for their stakeholders but also for society as a whole.

About ATRenew Inc.

Founded in 2011 and headquartered in Shanghai, ATRenew operates at the forefront of China’s pre-owned consumer electronics space. Through its pivotal role, ATRenew has set industry standards in sustainability, helping to mitigate the environmental impacts associated with the electronics industry. With its commitment to responsible business, ATRenew continues to shape a more sustainable future for the industry and its consumers.