ATRenew Releases 2023 ESG Report

Core Viewpoint - ATRenew Inc. has released its 2023 ESG report, highlighting its commitment to sustainable practices and the circular economy, addressing stakeholder concerns regarding environmental and social governance. Environmental Initiatives - ATRenew's greenhouse gas emissions intensity was recorded at 0.28 tons of CO2 equivalent per million RMB, a decrease of approximately 6.67% compared to 2022, marking four consecutive years of reduced carbon emissions [1] - The company established a climate risk management process following TCFD recommendations and conducted scenario analyses, enhancing its climate risk management capabilities [1] - ATRenew reused 24 tons of packaging filler materials in its B2B business and 192,000 packaging units in its B2C business during 2023 [1] - The company dismantled 111,700 electronic devices in an eco-friendly manner, reducing electronic waste pollution by 17.83 tons [1] Social Contributions - ATRenew expanded its door-to-door service coverage to 94% of cities, improving customer access to recycling services [2] - The company had a talent headcount of 6,288 by the end of 2023, with the proportion of women in senior management increasing from 22.58% to 28.13% [2] - Employee satisfaction increased to a score of 4.64 out of 5, a 4.5% rise from 2022 [2] - ATRenew donated approximately RMB100,000 worth of educational devices to support rural education, benefiting 11,770 children [3] Governance Practices - ATRenew conducted 342 anti-corruption training sessions with 3,491 participants, maintaining a corruption-free record in 2023 [4] - The board of directors includes eight members, with two female directors and three independent directors, enhancing governance diversity [4] - The company improved its internal control systems in accordance with the Sarbanes-Oxley Act, achieving a 100% correction rate for identified deficiencies [4] - ATRenew obtained 46 new intellectual property authorizations and 36 patents in 2023, enhancing its intellectual property protections [4] Innovation and Development - ATRenew expanded its multi-category recycling strategy to include bags, watches, gold, fine wines, and clothing, reaching 252 stores in 27 cities by the end of 2023 [5] - The company partnered with Apple for official recycling and trade-in services, refurbishing 496,035 units in 2023 [5] - ATRenew's Matrix 3.0 automated quality inspection system improved inspection accuracy by 10% and efficiency by 50% [5]