BEIJING, Oct. 29,
2022 /PRNewswire/ -- RLX Technology (NYSE: RLX),
known for its RELX-branded e-vapor products, has recently received
its S&P Global ESG score, resulting from the latest annual CSA
(Corporate Sustainability Assessment), ranking ahead of global
e-vapor peers.
RLX received impressive scores in business ethics, innovation
management, supply chain management, human capital development and
customer relationship management.
The S&P Global CSA is one of the largest extensive
assessments of corporate sustainability practices globally. The
assessment quantifies and scores various ESG management and
performances of enterprises in order to fully reflect ESG
management and information disclosure of enterprises.
RLX has always regarded ESG as part of the company's core
competitiveness. Since its establishment, RLX has continued to make
efforts in ESG. It has established an ESG committee at the board
level to develop sustainability strategies, aiming to
comprehensively improve its ESG performance and ensure the
implementation of relevant initiatives.
Product responsibility, sustainable supply chain and addressing
climate change were among RLX's ESG key issues in 2021. Since its
inception, RLX has invested RMB 800
million in research and development. RLX has established its
laboratory matrix consisting of eight labs for different purposes,
and developed a "1+4" science research chain covering product
quality, physiochemical research, toxicology research, long-term
impact assessment and clinical research.
RLX is also committed to driving the sustainable development
along the entire value chain. RLX regularly conducts ESG
performance assessments on existing suppliers. It also conducts the
third-party audit on selected suppliers based on the RELX Code of
Conduct for Business Partners and the SA8000 Standard.
In the meantime, RLX advocates the concept of sustainable
consumption, and encourages users to participate in the "Pods
Reborn" recycling program to recycle used pods. The Pods Reborn
recycling program has covered 188 cities across China by the end of June, 2022.
In April 2022, RLX also launched its net-zero emissions
plan Aim for Zero to achieve carbon neutrality in its direct
operations by 2033 and along the value chain by 2050.
Since 2021, RLX has started to disclose its environmental
information on Carbon Disclosure Project (CDP) including carbon
emissions, climate change response strategies and climate change
risk and opportunity assessments. CDP's environmental disclosure
and scoring methodology is widely-recognized as the gold standard
for corporate environmental transparency. In the future, RLX will
share the progress and achievements on its decarbonization journey
with investors and the global community on a regular
basis.
About RLX Technology Inc.
RLX Technology Inc. is a leading branded e-vapor company in
China. The Company leverages its
strong in-house technology and product development capabilities and
in-depth insights into adult smokers' needs to develop superior
e-vapor products. RLX Technology Inc. sells its products through an
integrated offline distribution and retail model tailored to
China's e-vapor market.
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SOURCE RLX TECHNOLOGY