Vestiaire Collective Sustainability Profile
Vestiaire Collective, a leading player in the luxury resale market, was founded in 2009 and is headquartered in France. The platform operates primarily across Europe, North America, and Asia, connecting fashion enthusiasts with a curated selection of pre-owned designer items. Specialising in high-end fashion, Vestiaire Collective offers a unique marketplace for authenticated luxury goods, including clothing, accessories, and footwear. With a commitment to sustainability and circular fashion, the company has achieved significant milestones, such as expanding its user base to millions and securing substantial funding to enhance its services. Vestiaire Collective stands out for its rigorous authentication process, ensuring that every item meets the highest standards of quality. As a pioneer in the luxury resale industry, it has established a strong market position, promoting both style and sustainability in fashion.
DitchCarbon Score
How does Vestiaire Collective's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Vestiaire Collective's score of 25 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vestiaire Collective's reported carbon emissions
In 2024, Vestiaire Collective reported total carbon emissions of approximately 18,634,000 kg CO2e, a slight decrease from about 18,922,000 kg CO2e in 2023 and 20,183,000 kg CO2e in 2022. The company has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and Scope 2 greenhouse gas emissions by 30% by 2027, using 2022 as the base year. Additionally, Vestiaire Collective targets a 40% reduction in Scope 3 emissions per unit value added by the same year. Furthermore, the company commits to ensuring that 70% of its suppliers, covering purchased goods and services as well as upstream transportation and distribution, will have science-based targets by 2027. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C.
How Carbon Intensive is Vestiaire Collective's Industry?
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Vestiaire Collective's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Vestiaire Collective has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
