Vinted publishes its first Climate Change Impact Report
Vinted, the leading C2C marketplace in Europe for second-hand fashion and portfolio company of BurdaPrincipal Investments, has released the results of its first Climate Change Impact Report. The comprehensive and independent analysis indicates that shopping second-hand on Vinted compared to buying new is a better choice for the climate. The report was conducted by the climate tech start-up Vaayu.
According to the report, buying second-hand on Vinted can result in average emission savings of 1.8 kgCO2 per item. This is based on data collected in 2021 and 2022. The Vinted Marketplace was thus able to avoid 453 kilotons CO₂e in 2021. This equates to flying back and forth between London and Los Angeles around 275,000 times and demonstrates that buying second-hand fashion from Vinted can be less damaging to the climate than buying new items.
Vaayu used a Consequential Life Cycle Assessment (LCA) approach to analyse half a billion transactions, along with insights on shopping behaviours from a sample of 350,000 Vinted members. The report is thus the largest-ever primary dataset on second-hand online shopping at scale. The Report assessed: cradle-to-consumer carbon emissions of products sold on Vinted, how often Vinted members actively avoided purchasing a new product when buying second-hand and also carbon emissions generated by deliveries, packaging and Vinted operations.
Buying second-hand is the better choice for the climate
The survey also shows that almost half of the buyers (47%) chose Vinted due to affordability reasons and 20% said they are motivated by environmental and social concerns. In Germany, 29% of buyers cited environmental and social reasons as motivators. This shows that members are increasingly valuing the impact that a second-hand purchase has.
Thomas Plantenga, CEO of vinted
The C2C marketplace draws the following conclusion: They wish to encourage their members to buy second-hand items instead of new ones, resulting in avoiding the creation of emissions in the first place. Additionally, they aim to help people see and realise the value in the items they own, explains Plantenga.
Thomas Plantenga, CEO of vinted