Vestiaire Collective

Climate Impact & Sustainability Data (2023)

Total Carbon Emissions:18,992 tCO2e/year (2023)

Reduced absolute emissions by 6% in 2023 despite business growth.
Reduced air transport for orders from 50% in 2020 to 31% in 2023.
Increased direct shipping to buyers from 48% in 2020 to 65% in 2023.
Phased out virgin plastic from packaging.
Packaging materials are now 98% recyclable with 63% being made with recycled, organic or bio-sourced materials.

Created employment opportunities in Tourcoing, France.
Founded The Vestiaire Collective Academy, training 150+ authenticators.
Women make up 57% of the total workforce and 40% of leadership positions.
Committed to paying a living wage to all staff.
Implemented DEI initiatives, including training on discrimination and harassment.

Achieved the French Tech commitment to have a minimum of 40% women on the board by 2028.
Became the world’s first B Corp-certified fashion resale platform in 2021.
Aimed to increase B Corp score by at least 20% for 2024 recertification.

Short-term Goals:

Reducing scope 3 emissions (99% of carbon footprint), which are harder to tackle due to dependence on suppliers, customers, and other stakeholders.
Balancing global expansion with prioritizing local transactions to decrease shipping distances.
Addressing the gender gap in tech leadership positions.

Set Science Based Targets initiative (SBTi)-approved emissions reduction targets.
Implemented key actions to improve the efficiency of transport and logistics (prioritizing local transactions, shifting from air to road transport, promoting direct shipping).
Implemented measures to increase women's representation in senior roles, including a commitment to at least one female candidate in final recruitment rounds for positions at level 6 and above, collaboration with Ada School, and incorporation of the gender pay gap as a KPI.

Frameworks Used: GHG Protocol Corporate Standard, SBTi

Certifications: B Corp