The Group’s user community avoided 116,577 tonnes of carbon emissions in four goods categories in 2022, the equivalent to 5.3 million trees absorbing CO2 per year.
SINGAPORE – Media OutReach Newswire – 14 December 2023 – Carousell Group, the leading multi-category platform for secondhand in Greater Southeast Asia, released its inaugural Circular Economy Impact Report on 8 December 2023, showing that buying and selling secondhand items is a better choice for the planet compared to traditional retail of buying new items. The report, a first-of-its kind for e-commerce and recommerce marketplaces in Southeast Asia, quantifies the Avoided Carbon Emissions due to users purchasing secondhand items on three of the Groups’ marketplaces, in place of a new item.
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Carousell Group
Carousell Group is the leading multi-category platform for secondhand in Greater Southeast Asia on a mission to make secondhand the first choice. Founded in August 2012 in Singapore, the Group has a leading presence in seven markets under the brands Carousell, Carousell Media Group, Cho Tot, Laku6, Mudah.my, OneShift, REFASH and Revo Financial, serving tens of millions of monthly active users. Carousell is backed by leading investors including Telenor Group, Rakuten Ventures, Naver, STIC Investments, 500 Global and Peak XV Partners (formerly known as Sequoia Capital India). Visit here for more information.
Featured brands in the report’s calculations
- Carousell – Leading multi-category classifieds and recommerce marketplace in Singapore, Hong Kong, Indonesia, Malaysia, the Philippines and Taiwan.
- Laku6 – Leading AI-first end-to-end electronics recommerce platform in Indonesia.
- REFASH – Leading omnichannel thrift store with around 20 physical stores in Singapore and Malaysia.
For more information, please contact [email protected]
Vaayu
Vaayu is the world’s first automated software empowering brands and businesses within the retail ecosystem to track and cut their carbon and environmental impact in real-time. By leveraging proprietary AI and machine learning technology, Vaayu calculates impacts like emissions, water and waste across product, packaging and logistics using certified LCA methodology to provide granular insights and inform data-driven decision-making. Through global partnerships, Vaayu has pioneered research into the climate impact potential of circular business models with Carousell, Vinted and Otrium, and calculated product footprints at scale for Klarna and Redcare Pharmacy, arming businesses and millions of consumers with robust impact data to guide more sustainable consumption. The partnership with Carousell Group marks the expansion of Vaayu’s expertise to Asia. For more information https://www.vaayu.tech
