ATRenew Inc. Achieves UNGC Recognition for Sustainable Impact

ATRenew Inc. Recognized in UNGC's Forward Faster Campaign

ATRenew Inc. (NYSE: RERE), a prominent player in the technology-driven pre-owned consumer electronics transactions sector, has earned significant recognition. The company has been included in the United Nations Global Compact's "Forward Faster: 20 Examples of Private Sector's Sustainable Development" campaign. This acknowledgment reflects ATRenew's dedication to environmental, social, and governance (ESG) practices and highlights its role in advancing China's circular economy.

A Milestone for Sustainable Practices

This Campaign, initiated with support from the University of Nottingham Ningbo China, coincides with the UNGC celebrating 20 years of ESG principles. ATRenew was selected from a competitive group of 75 candidates, showcasing its commitment to exemplary operational practices. A qualified selection committee evaluated candidates based on strict criteria, emphasizing ESG principles, economic viability, and innovation.

Commitment to ESG Principles

Kerry Xuefeng Chen, the Founder, Chairman, and CEO of ATRenew, expressed pride in the company's recognition. He stated, "We are honored that our practice of promoting ESG and sustainable development has been included in the United Nations Global Compact's 20 case examples. This achievement validates our mission to provide second chances for idle goods, demonstrating our commitment to ESG. We continue to push forward the circular economy through our innovative services while creating lasting value for our stakeholders.”

Shaping the Future of Circular Economy

The inclusion of ATRenew in the UNGC campaign underscores its crucial role in promoting sustainable practices in the private sector. By enabling the recycling and trade-in of electronic devices, ATRenew helps reduce electronic waste and showcases the viability and benefits of a circular economy.

Continuous Improvement in Operations

As a committed member of the UNGC, ATRenew integrates sustainable business practices into its operations, striving for continuous improvement in its ESG performance. The company remains dedicated to fostering responsible business practices, ensuring that their initiatives benefit both the environment and the community.

About ATRenew Inc.

Headquartered in Shanghai, ATRenew Inc. is recognized as a leader in the pre-owned consumer electronics marketplace in China. The company has been at the forefront of promoting sustainability since its establishment in 2011. Through its innovative recycling and trade-in services, ATRenew proactively addresses the environmental impact associated with electronics waste. Its platform seamlessly blends C2B, B2B, and B2C services, providing comprehensive solutions that empower users across various channels.

At ATRenew, sustainability isn't just a trend; it's a core value that drives their operations. The company employs cutting-edge inspection, grading, and pricing technologies that set new benchmarks in the pre-owned electronics sector, further solidifying ATRenew's commitment to the principles of sustainable development.

Frequently Asked Questions

What is ATRenew Inc. known for?

ATRenew Inc. is recognized for its technology-driven platform that facilitates pre-owned consumer electronics transactions and promotes sustainable practices.

What recognition has ATRenew received?

ATRenew has been included in the UNGC's Forward Faster campaign for its contributions to sustainable development in China.

How does ATRenew contribute to the circular economy?

By offering recycling and trade-in services for electronic devices, ATRenew plays a significant role in prolonging their lifecycle and reducing waste.

What are the core values of ATRenew?

ATRenew's core values revolve around sustainability, innovation, and responsible business practices, aligning with its commitment to ESG principles.

How does ATRenew ensure high performance in ESG?

The company continuously integrates sustainable practices within its operations, aiming for improvements in environmental, social, and governance performance.

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