RLX Technology’s MSCI ESG rating upgraded to ‘AA’, achieving the highest rating in the global tobacco industry by Investing.com

SHENZHEN, China, December 30, 2024 /PRNewswire/ — RLX Technology Inc (NYSE:). (“RLX technology” or the “Company”) (NYSE: RLX), a leading global e-vapor company, recently achieved an MSCI ESG rating of “AA”, upgraded from an “A” rating. RLX technology secured a leading position in the global e-cigarette industry for three consecutive years and achieved the highest MSCI ESG rating in the global tobacco industry.

The MSCI ESG ratings aim to measure companies’ management of financially relevant ESG risks and opportunities and rate more than 8,500 companies each year. MSCI ESG ratings have become a key reference for international capital market participants. The grade “AA” is a significant recognition for RLX technology ESG management structure, further strengthening its leading position in the e-vapor sector. It is also expected that the Company will get more and more opportunities to be included in various fund portfolios or receive larger asset allocations.

mrs. Ying (Kate) Wangco-founder, chairman of the Board of Directors and chief executive officer RLX technologystated: “We understand that corporate success lies not only in operational profitability, but also in social and environmental responsibility. The company has focused on optimizing its product portfolio, supply chains and operations to improve corporate value while having a positive impact on society and the environment. “

According to MSCI, RLX is ranked best in class for risk management capabilities in product safety, quality and chemical safety. It also ranks among the top 1% globally in risk management for accounting, business ethics and tax transparency. In terms of supply chain performance standards, all assessments met MSCI’s “Top” standards.

Since its foundation, RLX technology has integrated ESG into its corporate strategy to foster sustainable development. After the implementation of national standards and regulations for e-cigarettes in China, RLX technology has completely upgraded its research and development system, establishing eight laboratories and implementing strict factory quality controls. This significantly improved product innovation capabilities and established a comprehensive product quality assurance system throughout the product life cycle.

The RLX technology quality and safety laboratory recognized by CNAS (China National Conformity Assessment Accreditation Service) in July 2023 and passed the extension and modification evaluation in June 2024. Currently, RLX technology has established a comprehensive testing platform that can provide reliability, electrical performance, inhalation testing and battery safety testing services for the e-vapor industry, and issue authoritative reports for export products in accordance with international standards.

Furthermore, the company maintains strict internal standards, including ESG criteria in its supplier selection process. RLX technology annually conducts ESG assessments of its key suppliers, performing external audits based on the “RLX Business Partner Code of Conduct”, the SA8000 standard and other ESG-related metrics.

RLX technology has always considered ESG one of its key competitive advantages. Established a board-level ESG committee and published ESG reports for four consecutive years. TÃœV Rheinland, a leading international verification agency, has independently verified the 2022 and 2023 report against the AA1000 v3 assurance standard, ensuring the accuracy and credibility of the substantive issues addressed.

Looking ahead, RLX remains committed to steadfastly implementing its long-term ESG strategy, actively fulfilling its corporate social responsibilities, and continuously creating greater value for customers, shareholders, partners, employees and society.

About RLX Technology Inc.

RLX Technology Inc. (NYSE: RLX) is a leading global e-vapor company. The company uses its strong proprietary technology, product development capabilities and in-depth insight into the needs of adult smokers to develop superior e-vapor products.

For more information, visit: http://ir.relxtech.com.