Vestiaire Collective—a luxury, second-hand retailer—is the first in resale retail to become a B Corp certified company. This means that the retailer is certified for its commitment to planet and people.
The retailer now joins the prestigious list of impact companies that meet high environmental standards. Other famous brands that have become B Corp certified include Patagonia and Allbirds.
According to Fanny Moizant, co-founder and president of Vestiaire Collective, “We are incredibly proud to become the world’s first globally operating and large B Corp Certified resale platform! It’s a huge step on our way to transforming the fashion industry. Vestiaire Collective was born with the idea that we can drive change for a more sustainable future.”
The second-hand retail market is projected to grow by $77 billion, and with Vestiaire Collective’s B Corp certification, resale platforms will likely see a tremendous push towards sustainability. Moizant continued, “We hope it is only the beginning of a broader move that will trigger even more commitment among our industry and community of fashion activists.”
The company’s B Corp status is more than just a win for the planet and its people; it will encourage other resale platforms to focus on “workers” and “governance”, the two areas Vestiaire Collective is praised for. The main criteria for achieving a B Corp certification is that the candidate company must be a force for good. And Vestiaire Collective has proven its status as a “force for good” brand by igniting the change for reuse and resell. Will the other resale platforms follow suit?
Apart from garnering B Corp certification, companies like Kering and brands like Stella McCartney are pushing for a circular economy.
Do you want to be a part of this sustainability movement like the brands mentioned above? Learn what is a B Corp, and what common FAQs you should know before you apply for the certification.
