ATRenew Inc., a prominent technology-driven platform for pre-owned consumer electronics transactions and services in China, has been designated a finalist for the Circular Transition Award in Reuters' Responsible Business Awards 2023. This recognition highlights ATRenew's contribution to the circular economy through its expertise in pre-owned product transactions and services. The award honors companies that have embraced circular models, moving away from linear approaches.
The Reuters Responsible Business Awards commend global sustainable business leadership, focusing on companies that drive genuine positive impacts on business, society, and the environment. The Circular Transition Award specifically recognizes the adoption of technologies or initiatives that transition a business from a linear to a circular model. Key criteria include scalability across the business and sector, demonstrated through data, disclosures, and investments. The winner will be revealed at a ceremony in London on November 1, 2023.
Kerry Xuefeng Chen, Founder, Chairman, and CEO of ATRenew, expressed pride in the company's recognition and emphasized its commitment to sustainable development and the circular economy's growth in China and beyond. ATRenew's core operations involve recycling and reusing pre-owned consumer electronics, with recent expansions into luxury handbags, camera equipment, and gold. The company aims to establish a comprehensive circular system that extends product lifecycles, reducing carbon emissions, pollution, and leaving a positive environmental and societal footprint.
Headquartered in Shanghai, ATRenew operates under the ATRenew brand, dedicated to providing a second life for idle goods and minimizing the environmental impact of pre-owned consumer electronics. The platform integrates various capabilities, serving both online and offline channels, and has become a standard-setter in China's pre-owned consumer electronics industry with its comprehensive value chain coverage and proprietary technologies for inspection, grading, and pricing.
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