ThredUp Releases Third Annual Impact Report
Report outlines company’s business and brand-aligned environmental, social, and governance (ESG) strategy and highlights progress in 2023
“ThredUp is on a sustainability journey to make fashion circular, but our impact extends beyond our core mission to our people and our communities as well as how we operate our business,” said James Reinhart, Cofounder and CEO of ThredUp. “Our third annual Impact Report highlights our dedication to continuous improvement and how we’re expanding our positive impact as we continue to reshape the fashion landscape.”
ThredUp’s 2023 Impact Report includes activities undertaken during the reporting period from January 1, 2023 to December 31, 2023. The company’s ESG strategy focuses on 12 key areas where they can have the most impact as identified through a materiality assessment. Highlights from 2023 include:
- Recirculated 2.2 million secondhand items through ThredUp’s Resale-as-a-Service (RaaS) and closed 2023 with 47 brand clients, including J. Crew, Tommy Hilfiger, Kate Spade, and Athleta.
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Diverted
100% of the items it didn’t resell in its marketplace from landfill through its Rescues and Aftermarket programs. - Replanted 800 trees through Trees for the Future by buying 103,000 pounds of paper from Community Printers.
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Sent
100% of the Clean Out bags it received back from customers to The Azek Company, recycling 111,000 pounds of materials into decking products. - Served as a founding member of the American Circular Textiles (ACT) policy group, advocating for sustainable textile policy.
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73% of ThredUp’s workforce identifies as a minority, with73% identifying as female, and59% identifying as Black or Latinx. -
Donated
on behalf of the Future Fund, the company’s employee-led social impact organization.$64,000 -
44% of ThredUp’s Board of Directors identified as female, while22% identified as a racial minority.
ThredUp is committed to releasing an annual Impact Report to provide transparency into its business operations and hold itself accountable to continually measure and advance its progress.
About ThredUp
ThredUp is transforming resale with technology and a mission to inspire the world to think secondhand first. By making it easy to buy and sell secondhand, ThredUp has become one of the world's largest online resale platforms for apparel, shoes and accessories. Sellers love ThredUp because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers love shopping value, premium and luxury brands all in one place, at up to
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Press
Laura Hogya
media@thredup.com
Sustainability
Alon Rotem
sustainability@thredup.com
Source: ThredUp