SHANGHAI, Sept. 26,
2022 /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 that it has
received an Environmental, Social and Governance ("ESG") rating of
17.6 from Morningstar Sustainalytics, assessing ATRenew to be at
"Low Risk" of experiencing industry-specific material ESG factors
(link). In particular,
ATRenew attained "Negligible" ratings for its data privacy and
security, business ethics, and environmental and social impact of
products and services, all of which are key components of the
assessment of material industry-specific ESG risks. The
Company was ranked fourth in the Online and Direct Marketing Retail
sector, a testament to its outstanding ESG risk management
capabilities.
Morningstar Sustainalytics is a leading ESG research, ratings
and data firm that supports investors around the world with the
development and implementation of responsible investment
strategies. Sustainalytics' evaluation identifies ATRenew's strong
management performance across a comprehensive range of ESG metrics,
demonstrating the Company's industry-leading position in
ESG-related policies, programs, and initiatives.
Mr. Kerry Xuefeng Chen, the
Founder, Chairman, and Chief Executive Officer of ATRenew,
commented, "We are proud to have received recognition of our
leading role in ESG risk management from Morningstar
Sustainalytics. Our low-risk rating is another milestone in
advancing our ambition to elevate our ESG commitment to build a
sustainable future for our customers, employees, partners, and the
environment. We will continue improving our corporate governance
while operationalizing our commitment to responsible supply chains
and minimizing ESG risks, thus delivering long-term value to our
stakeholders."
For more information about the ESG rating and the summary
report, visit www.atrenew.com or send an email to
ir@atrenew.com.
Copyright ©2022 Sustainalytics. All rights reserved.
This publication contains information developed by
Sustainalytics (www.sustainalytics.com). Such information and data
are proprietary of Sustainalytics and/or its third party suppliers
(Third Party Data) and are provided for informational purposes
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project, nor an investment advice and are not warranted to be
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https://www.sustainalytics.com/legal-disclaimers.
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. For more information,
visit www.atrenew.com.
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
provide 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
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SOURCE ATRenew Inc.