Vinted Limited, a prominent player in the online second-hand marketplace, is headquartered in Lithuania (LT) and operates extensively across Europe. Founded in 2008, Vinted has revolutionised the way consumers buy and sell pre-loved fashion, fostering a sustainable approach to shopping. The platform primarily focuses on clothing, accessories, and footwear, allowing users to list items for sale or swap them with others. What sets Vinted apart is its user-friendly interface and community-driven ethos, which encourages a circular economy. With millions of active users, Vinted has established itself as a leader in the resale industry, achieving significant milestones such as expanding its services to multiple countries and securing substantial funding to enhance its platform. As a result, Vinted continues to shape the future of fashion consumption while promoting sustainability.
How does Vinted Limitied'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.
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.
Vinted Limitied's score of 26 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Vinted Limited, headquartered in Lithuania, has made significant commitments towards reducing its carbon emissions, although specific emissions data is currently unavailable. The company has set ambitious targets to achieve net-zero greenhouse gas emissions across its entire value chain by 2050. In the near term, Vinted aims to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030, using 2022 as the baseline year. Additionally, it plans to cut Scope 3 emissions from upstream transportation and distribution by approximately 51.6% per upstream parcel delivered within the same timeframe. Furthermore, Vinted is committed to ensuring that 68.2% of its suppliers, based on emissions from downstream transportation and distribution, will have science-based targets by 2028. For long-term goals, Vinted has set a target to reduce absolute Scope 1 and 2 emissions by 90% by 2050, while also aiming for a 97% reduction in Scope 3 emissions from both upstream and downstream transportation and distribution per delivered parcel. These commitments align with industry standards and reflect Vinted's dedication to addressing climate change and promoting sustainability within the retail sector.
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Vinted Limitied is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.