Happy New Year! We’re kicking off the first issue of Daily Markup with Carousell’s Circular Economy Impact Report.
Wishing you a great 2024!
Putting trees out of a job
- Can shopping contribute to sustainability? 500-backed recommerce platform Carousell proves it can and quantified this in their inaugural Circular Economy Impact Report, detailing how their secondhand marketplaces, Carousell, Laku6 and REFASH, led to Avoided Carbon Emissions.
- How? Buying and selling secondhand items disrupt the need to constantly produce brand new items and extend the availability of limited resources for future generations. What’s more, under-utilized and unused items don’t end up in the landfills.
- Launched in the presence of Tharman Shanmugaratnam, President of the Republic of Singapore, the report is a first-of-its kind for e-commerce and recommerce marketplaces in Southeast Asia. The Carousell community avoided 116,577 tonnes of carbon emissions across four goods categories – Fashion & Luxury, Electronics, Furniture & Home Living and Hobbies & Toys – in 2022.
- To put that number into perspective, that’s equivalent to 5.3 million trees absorbing carbon dioxide per year, or the production of 179 million plastic bottles, which represents approximately 38% of Singapore’s annual plastic bottle consumption!
- Co-founder & CEO Siu Rui Quek shared, “Our mission is to make secondhand the first choice for everyone. We have stayed true to this mission over the past 11 years, and we remain committed to making selling and buying secondhand even simpler, more trusted and convenient. With the release of the report, we hope more people realize how easy it is to embrace secondhand as a lifestyle and contribute to a greener world, without compromising on the things they enjoy.”
- Moving forward, the Group is committed to progressively incorporating all remaining categories and integrating other Group brands Mudah.my, Chợ Tốt and OneShift within the scope of the report.
- Download the full Circular Economy Impact Report here.
