ATRenew ESG Report Shows Progress, But Still Work to Be Done

Smartphone recycler discloses more details about carbon emissions, steps to improve its governance in its second environmental, social and governance report Key Takeaways: ATRenew’s greenhouse emissions increased substantially last year due to expansion of the scope of reviews Company’s second ESG report also disclosed more details about new activities to improve governance, such as anti-corruption checks Company also introduced the framework of the Task Force on Climate-related Financial Disclosure for the first time while developing a methodology to measure its contribution to reductions in greenhouse gas emissions By Warren Yang…

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Rucktec Environmental Files for Hong Kong IPO Amid Favorable Government Policies

The construction waste treatment processor has seen rapid revenue growth in recent years and wants to accelerate expansion Key Takeaways: With government policy benefiting demand for its services, Rucktec’s future seems bright Heavy reliance on a handful of clients that bring in nearly all the revenue is a risk factor By Ken Lo Shanghai-based Rucktec Environmental Group Ltd. has filed a prospectus to list in Hong Kong. The waste treatment company, which started in 2018, has seen fast-paced growth since inception, thanks to China embracing green policies that have aided…

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FAST NEWS: Jiumaojiu Consolidates Business by Selling Unprofitable brand

The latest: Restaurant operator Jiumaojiu International Holdings Ltd. (9922.HK) announced Friday it has disposed of its 80.85% stake in Guangzhou Double Eggs Catering Co., Ltd., which manages the “Double Eggs” restaurant brand, for a consideration of 509,400 yuan ($75,800). Upon completion of the transaction, Guangzhou Double Eggs will no longer be an indirect non-wholly owned subsidiary of the company. Looking up: The sale of “Double Eggs” restaurant brand will allow the company to focus on businesses with more growth potential, such as the “Tai Er” and “Jiu Mao Jiu” brand. Take Note: The…

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