ATRenew Inc. announced on June 30, 2025, that its board of directors authorized a new share repurchase program, allowing the company to repurchase up to US$50 million of its shares over a 12-month period. This program, which commenced on June 30, 2025, will be funded from the company's existing cash balance, signaling management's confidence in its financial health and commitment to enhancing shareholder value.
Concurrently, ATRenew released its 2024 Environmental, Social and Governance (ESG) Report, highlighting significant progress in green recycling, low-carbon transition, corporate governance, and technological innovation. The report details ambitious emissions reduction goals, aiming to cut Scope 1 & 2 emission intensity by 35% and Scope 3 emission intensity by 50% by 2030, using 2024 as the baseline.
The company's ESG efforts have received external validation, with its S&P CSA rating improving to rank within the top 7% globally among its peers. ATRenew was also selected as the only circular economy enterprise in the UN Global Compact's '20 Case Examples of Sustainable Development in China for 20 Years,' underscoring its leadership in sustainable development and alignment with global ESG best practices.
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