SHENZHEN, China, Dec. 30, 2024 — RLX Technology Inc. (“RLX Technology” or the “Company”) (NYSE: RLX), a leading global branded e-vapor company, has attained an “AA” MSCI ESG rating, an upgrade from “A.” For three consecutive years, RLX Technology has held the top spot in the global e-cigarette industry and now boasts the highest MSCI ESG rating within the global tobacco sector.
MSCI ESG ratings assess a company’s management of financially relevant ESG factors, evaluating over 8,500 companies annually. These ratings are a crucial benchmark for global capital markets. The “AA” rating reflects RLX Technology’s strong ESG governance, reinforcing its e-vapor industry leadership and potentially boosting its inclusion in investment portfolios.
Ms. Ying (Kate) Wang, Co-founder, Chairperson of the Board of Directors, and Chief Executive Officer of RLX Technology, commented, “Our success hinges on both operational profitability and social and environmental responsibility. We’ve focused on enhancing our product portfolio, supply chains, and operations to boost corporate value while benefiting society and the environment.”
According to MSCI, RLX excels in risk management for product safety, quality, and chemical safety. It also ranks among the top 1% globally in managing risks related to accounting, business ethics, and tax transparency. All its supply chain labor standards assessments met MSCI’s highest standards.
Since its launch, RLX Technology has integrated ESG into its strategy for sustainable growth. Following China’s e-cigarette regulations, RLX Technology upgraded its R&D, establishing eight laboratories and implementing strict factory quality controls. This significantly improved product innovation and created a robust product quality assurance system.
The RLX Technology quality and safety laboratory received CNAS (China National Accreditation Service For Conformity Assessment) recognition in July 2023 and passed further assessments in June 2024. It now offers comprehensive testing for the e-vapor industry, including reliability, electrical performance, inhalation, and battery safety testing, and provides internationally compliant reports for export products.
The Company maintains rigorous internal standards, incorporating ESG criteria into supplier selection. RLX Technology conducts annual ESG assessments of key suppliers, using external audits based on its “RLX Business Partner Code of Conduct”, SA8000 standards, and other ESG metrics.
RLX Technology views ESG as a core competitive advantage. It has a Board-level ESG committee and has published ESG reports for four consecutive years. TÜV Rheinland independently verified the 2022 and 2023 reports, ensuring accuracy and credibility.
RLX remains dedicated to its long-term ESG strategy, fulfilling its corporate social responsibilities, and creating value for stakeholders.
About RLX Technology Inc.
RLX Technology Inc. (NYSE: RLX) is a leading global branded e-vapor company. It uses its technology, product development, and understanding of adult smoker needs to create superior e-vapor products.
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SOURCE RLX Technology Inc.