ATRenew Inc. Releases 2024 ESG Report Highlighting Commitment to Sustainable Development Goals

Introduction

On June 30, 2025, ATRenew Inc. (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, published its 2024 Environmental, Social and Governance (ESG) Report. The report underscores ATRenew’s dedication to advancing the United Nations Sustainable Development Goals (SDGs) through green recycling, low-carbon transition, corporate governance, and technological innovation. The Company aligns its efforts with China’s “Dual Carbon” goals and global ESG best practices.

Green Recycling: Advancing SDG 12 (Responsible Consumption and Production) and SDG 13 (Climate Action)

ATRenew integrates its mission to “give a second life to all idle goods” into its environmental practices, contributing significantly to the circular economy and climate change mitigation in 2024.

1. Resource Recycling and Pollution Prevention
   • Facilitated the sale of over 35.3 million pre-owned products, extending product lifecycles and reducing resource consumption.
   • Disposed of 137,000 units of e-waste in an eco-friendly manner, reducing e-waste pollution by 21.92 tons.
   • Installed intelligent recycling machines in office spaces, collecting 82,843 kilograms of recyclables.
2. Environmental Management and Climate Targets
   • Renewed ISO 14001 environmental management system certification to strengthen sustainable operations.
   • Set ambitious emissions reduction targets: 35% reduction in Scope 1 & 2 emission intensity and 50% reduction in Scope 3 emission intensity by 2030 (baseline 2024).
   • Developed a climate risk management framework aligned with the Task Force on Climate-related Financial Disclosures (TCFD).
   • Contributed to drafting two national standards for the second-hand electronics industry, supporting industry-wide low-carbon transition.

People-Centered Approach: Supporting SDG 5 (Gender Equality), SDG 8 (Decent Work and Economic Growth), and SDG 4 (Quality Education)

ATRenew prioritizes its employees and social responsibility, fostering an inclusive and sustainable future.

1. Employee Well-being and Diversity
   • The “Listener” Program achieved a 96% problem resolution rate, enhancing employee rights and participation.
   • Employee satisfaction increased from 4.64 to 4.71 out of 5 between 2023 and 2024.
   • Female senior managers increased from 28.13% to 33.33%, promoting gender diversity.
   • Gender wage median difference index stood at 1.69%, demonstrating commitment to gender equality.
2. Public Welfare and Rural Education
   • Continued support for rural education through the “AHS Charity and Love – Digital Education Aid Program for Rural Children.”
   • Supported 68 schools, delivered 3,132 classes, and benefited 12,970 rural students, helping bridge the digital divide.

Sustainable Governance: Enhancing SDG 16 (Peace, Justice and Strong Institutions)

ATRenew integrates sustainable development principles into its corporate governance to ensure transparency, efficiency, and accountability.

1. Governance Structure and Risk Management
   • Maintains a three-tier ESG governance framework: Board of Directors, ESG Management Committee, and ESG Working Group.
   • Risk Management Committee held seven meetings, resolving 24 risk issues.
   • Achieved 100% rectification rate for SOX internal control deficiencies.
   • Conducted 293 integrity training sessions, reaching 5,488 employees to reinforce organizational integrity.
2. Recognition and Industry Leadership
   • Improved S&P Corporate and Sustainability Assessment (CSA) score to 35, ranking in the top 7% globally in the industry.
   • Featured in the United Nations Global Compact’s “20 Case Examples for 20 Years: Private Sector’s Sustainable Development in China” as the sole case from China’s pre-owned consumer electronics industry.

Technological Innovation: Supporting SDG 9 (Industry, Innovation and Infrastructure) and SDG 12

Technology and innovation drive ATRenew’s sustainable development and leadership in the circular economy.

1. Research and Development Investment
   • Explored large-scale AI models and multi-modal frameworks.
   • Developed intelligent terminal devices and a smart quality assurance system.
   • Accelerated transition from manual inspection to intelligent, automated evaluation in the second-hand electronics industry.
2. Quality Inspection System Upgrade
   • Launched Standard Quality Inspection 2.0 to optimize grading and improve transparency and consistency.
   • Adopted AI-driven quality inspection systems and upgraded automated detection equipment.
3. Trade-in Program and Service Accessibility
   • Partnered with JD.com to establish best practices for consumer electronic product trade-ins.
   • Operated 1,861 offline stores across 283 cities, with 62% upgraded to next-generation user touchpoints featuring larger spaces and multi-category recycling capabilities.

Outlook and Commitment

Kerry Xuefeng Chen, Founder and CEO of ATRenew, emphasized the Company’s ongoing commitment to sustainability: “In 2025, we will align with the national ‘New Quality Productive Forces’ strategy, leveraging technology to advance resource recycling and transform every idle product into a green link in low-carbon living. Together with our partners, we are committed to building a sustainable future where all resources are fully utilized.”

About ATRenew Inc.

Headquartered in Shanghai, ATRenew Inc. operates a leading technology-driven pre-owned consumer electronics platform in China. Since 2011, ATRenew has pursued its mission to extend the lifecycle of idle goods, addressing environmental impacts through recycling and trade-in services. The Company integrates C2B, B2B, and B2C capabilities across online and offline channels, setting industry standards with proprietary inspection, grading, and pricing technologies. ATRenew is a participant in the United Nations Global Compact, adhering to responsible business principles aligned with the SDGs.

Additional Information

For the full 2024 ESG report, please visit ir.atrenew.com.

1. Sustainable Development Goals (SDGs) Addressed or Connected

1. SDG 12: Responsible Consumption and Production
   • Focus on green recycling, circular economy, and extending product lifecycles.
2. SDG 13: Climate Action
   • Commitment to low-carbon transition, emissions reduction targets, and climate risk management.
3. SDG 5: Gender Equality
   • Progress in gender diversity and wage equality among employees.
4. SDG 4: Quality Education
   • Support for rural education through digital education aid programs.
5. SDG 8: Decent Work and Economic Growth
   • Employee well-being, workplace culture improvements, and inclusive growth opportunities.
6. SDG 16: Peace, Justice and Strong Institutions
   • Corporate governance improvements, risk management, and integrity training.

2. Specific Targets Under Those SDGs Identified

1. SDG 12: Responsible Consumption and Production
   • Target 12.5: Substantially reduce waste generation through prevention, reduction, recycling, and reuse.
   • Target 12.6: Encourage companies to adopt sustainable practices and sustainability reporting.
2. SDG 13: Climate Action
   • Target 13.2: Integrate climate change measures into policies, strategies, and planning.
3. SDG 5: Gender Equality
   • Target 5.5: Ensure women’s full and effective participation and equal opportunities for leadership.
   • Target 5.1: End all forms of discrimination against women and girls.
4. SDG 4: Quality Education
   • Target 4.4: Increase the number of youth and adults with relevant skills for employment.
   • Target 4.1: Ensure all children complete free, equitable and quality primary and secondary education.
5. SDG 8: Decent Work and Economic Growth
   • Target 8.5: Achieve full and productive employment and decent work for all women and men.
6. SDG 16: Peace, Justice and Strong Institutions
   • Target 16.6: Develop effective, accountable and transparent institutions at all levels.

3. Indicators Mentioned or Implied to Measure Progress

1. SDG 12 Indicators
   • Number of pre-owned products sold (35.3 million) indicating extended product lifecycle.
   • Amount of e-waste disposed of in an eco-friendly manner (137,000 units; 21.92 tons reduction).
   • Quantity of recyclables collected via intelligent recycling machines (82,843 kg).
2. SDG 13 Indicators
   • Reduction targets for Scope 1 & 2 emission intensity by 35% and Scope 3 by 50% by 2030 (baseline 2024).
   • ISO 14001 environmental management system certification status.
   • Implementation of climate risk management framework aligned with TCFD.
3. SDG 5 Indicators
   • Proportion of female senior managers increased from 28.13% to 33.33%.
   • Gender wage median difference index at 1.69%.
4. SDG 4 Indicators
   • Number of schools supported (68), classes delivered (3,132), and rural students benefited (12,970).
5. SDG 8 Indicators
   • Employee satisfaction score improvement from 4.64 to 4.71 out of 5.
   • “Listener” Program problem resolution rate at 96%.
6. SDG 16 Indicators
   • Number of risk issues identified and resolved (24).
   • 100% rectification rate for SOX internal control deficiencies.
   • Number of integrity training sessions (293) and employees reached (5,488).
   • S&P Corporate and Sustainability Assessment (CSA) score of 35, ranking in top 7% globally.

4. Table of SDGs, Targets, and Indicators

Source: stocktitan.net