Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• Avoided 748 kt CO2e by purchasing second-hand products instead of buying new (excluding Vinted's operational footprint).
• Reduced emissions by 70% by reusing packaging instead of using new packaging.

Social Achievements

• 20% of Vinted’s users were buying or selling fashion products on Vinted out of social or environmental concerns.
• Vinted sellers had a clear preference for prolonging their products’ lifetime by passing them to family and friends and giving to charity.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Uncertainty in avoided purchase rate due to social desirability bias and hypothetical scenarios.
• Potential for lower lifetimes and usage of second-hand products compared to new products.
• Possibility of increased product circulation leading to greater carbon emissions.
• Rebound effect (overconsumption) leading to additional carbon emissions.

Mitigation Strategies

• Conservative approach used to avoid overrepresenting emissions savings.
• Additional control questions in surveys to account for social desirability bias and uncertainty.
• Accounting for additional circulation and rebound effect in calculations.
• Using a weighted average of a representative substitutable product to account for variance in manufacturing impact.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol, World Resource Institute's recommendations

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed