Recently, RELX (RLX Technology, NYSE: RLX) released its 2023 Environmental, Social, and Governance (ESG) report. The report showcases specific actions under the ESG framework, as well as the achievements in corporate governance, product responsibility, responsible marketing, sustainable supply chain, talent development, and other areas.
According to reports, RELX has released an ESG report for four consecutive years. This report reveals that as of April 2023, RELX's products have entered over 20,000 stores nationwide. With a cumulative investment of 800 million RMB in research and development, RELX has established 8 laboratory matrices, conducted 17 external collaborative research projects, and applied for nearly 900 patents globally. In the fiscal year 2022, RELX assisted regulatory authorities in combating counterfeit and shoddy behavior, initiating 35 anti-counterfeiting cases and successfully seizing 54,600 counterfeit and knockoff products.
According to the report, as of April 2023, the "Empty Bottle New Life" environmental recycling program has covered 297 cities nationwide. This project encourages users to recycle discarded empty bottles, and then uses co-processing technology in cement kilns to centrally process the recycled bottles into cement clinker. In addition, RELX has also put into use rural infrastructure supported in Enshi, Hubei and Wuzhong, Ningxia, assisting in rural revitalization.
It has been reported that in December 2023, the international authoritative index institution MSCI announced that RELX obtained an A rating in their ESG rating. In November 2023, in the ESG scoring results released by S&P Global, Yueli's score increased by 13% compared to 2022, ranking in the top 1% of Chinese companies.
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