This article only represents the author's own views.
ATRenew Inc. (RERE.US) is staying ahead of the curve in an environmental, social and governance (ESG) game that’s gaining global traction, though not without controversies. The company has good reason to showcase its “E” credentials due to its role as a recycling specialist, but its latest ESG report also showed it’s paying attention to the “S,” not to mention the “G” element where deficiencies are a frequent source of shortcomings for Chinese companies.
While at it, ATRenew is continuing to grow its business at a respectable rate, laying the foundation for it to report non-GAAP net profits twice since 2022, showcasing how a company can be a responsible corporate citizen while also making money.