Everything New Group Releases 2022 ESG Report

[Global Network Science and Technology Comprehensive Report] On June 20, the domestic second-hand Consumer electronics trading and service platform All Things New (Aishou) Group released the 2022 Environmental, Social and Governance Report ("ESG Report" for short), which is the third consecutive year that All Things New has released relevant reports. This report covers topics such as corporate governance, green operations, technological innovation and intellectual property protection, supply chain and merchant management, customer responsibility and service, and employee training and development

[Global Network Science and Technology Comprehensive Report] On June 20, the domestic second-hand Consumer electronics trading and service platform All Things New (Aishou) Group released the 2022 Environmental, Social and Governance Report ("ESG Report" for short), which is the third consecutive year that All Things New has released relevant reports. This report covers topics such as corporate governance, green operations, technological innovation and intellectual property protection, supply chain and merchant management, customer responsibility and service, and employee training and development.

Starting from 2022, All Things New continues to strengthen the construction of systems in the fields of environment, society, and governance, enhance internal awareness and capacity building, promote the progress of enterprise ESG performance, and make many breakthroughs in environmental protection, green operations, and green business. The report reveals that in 2022, the trading volume of second-hand goods on the All Things New Platform was 32 million, of which a total of 270000 waste electronic devices were recycled and supervised for green disposal by All Things New, reducing electronic product pollution by approximately 43.2 tons. In addition, the intensity of new carbon emissions from all things has decreased for three consecutive years. The intensity of greenhouse gas emissions for the entire year of 2022 (Category 1+Category 2) is 0.3 tons of carbon dioxide equivalent/million RMB, a decrease of 18.9% compared to the previous year.

According to the report, in 2022, the annual greenhouse gas emission intensity (category 1+category 2) of all new things will be 0.3 tons of carbon dioxide equivalent/million yuan, a year-on-year decrease of 18.9%. In addition, Everything New attaches importance to the whole life cycle management of products. For waste electronic products without secondary use value, it chooses to cooperate with a third party with renewable Recycling business qualification to disassemble the machines for environmental protection. In 2022, the company will recycle and supervise the green disposal of a total of 270000 waste electronic equipment, reducing electronic product pollution by approximately 43.2 tons.

We advocate technology and environmental protection first, adhere to the concept of sustainable development, drive the circular economy industry with innovative technology, promote quantifiable and tradable emission reduction performance, and lead the green and innovative development of the second-hand electronics industry. In 2022, All Things New Life optimized the application materials for the methodology of second-hand mobile phone recycling and recycling, and has completed the first round of expert evaluation and submission of design documents. In addition, New Life focuses on achieving low-carbon operations in warehousing, packaging, logistics, and other aspects.

In recent years, against the backdrop of multiple national policy support, New Life has actively responded to the call, focusing on promoting the multi category recycling strategy, and continuously enhancing its compliance, renovation, and preparation capabilities. Based on the joint construction of the service capabilities and backend capabilities of the front-end Love Recycling store, Everything New has added recycling services for categories such as imaging equipment, luggage, watches, gold, famous wines, shoes and clothing in the store to meet the diverse recycling needs of consumers. Through the multi category recycling business, Everything New has established a more complete "production consumption recycling recycling recycling consumption" link, guiding consumers to develop green circular consumption habits. As of the end of 2022, multi category businesses have opened in 63 stores in 14 cities across the country.

The rebirth of all things has made efforts to improve the governance framework, sustainable development, environmental protection, and social welfare, continuously improving the level of ESG governance. According to the report, in 2022, All Things New was rated as "Low Risk" in the ESG rating of Morningstar Sustainalytics, with a total score of 17.6/100 (the lower the score, the better the performance), ranking fourth among companies in the global "online and direct retail" sector (4/85).


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