BEIJING, Nov. 23,
2022 /PRNewswire/ -- RLX Technology (NYSE: RLX),
known for its RELX-branded e-vapor products, announced today that
it has been upgrated to 'A' by MSCI ESG Rating, taking a dramatic
leap from CCC last year, ranking ahead of global e-vapor peers.
MSCI ESG ratings measure the management of financially relevant
ESG risks and opportunities over 8,500 companies and more than
680,000 equity and fixed income securities globally. .
The ESG rating represents the capital market's recognition of
RLX's commitment to business ethics, responsible marketing,
products safety and quality, supply chain labor standards, chemical
safety and ESG key issues.
In addition to MSCI, RLX has recently achieved excellent results
from a number of the world's leading ESG rating agencies.
Morningstar Sustainalytics has improved RLX's ESG risk rating from
'high' to 'medium' in the tobacco
industry, topping the chart among global e-vapor companies. RLX was
also ranked first among its global e-vapor peers in the latest
annual S&P Global Corporate Sustainability Assessment.
RLX has always regarded ESG as part of the company's core
competitiveness. 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.
In MSCI's ESG rating, RLX has achieved relatively high
recognition in product safety and quality. Since its inception, RLX
has invested over RMB 800 million in
research and development, forming a "1+4" science research chain
covering product quality, physiochemical research, toxicology
research, long-term impact assessment and clinical research, while
establishing its laboratory matrix consisting of eight labs.
RLX is also committed to driving 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
