The RealReal Becomes First Resale Company To Join United Nations Global Compact
September 02 2020 - 11:00AM
Today, The RealReal (Nasdaq: REAL)—the world’s largest online
marketplace for authenticated, consigned luxury goods—announced it
is joining the United Nations (UN) Global Compact, the world’s
largest corporate sustainability initiative. Alongside thousands of
global brands (including fashion industry heavyweights such as
Burberry, Hermes, Kering and LVMH), The RealReal will uphold and
implement the UN Global Compact’s 10 universally accepted
principles related to human rights, labor, environment and
anti-corruption into its overall strategy and operations.
“We share the common belief with the UN Global Compact that
business should be a force for good,” said Julie Wainwright, CEO of
The RealReal. “Joining this group of leaders from so many sectors
will help us continue expanding our work beyond the fashion
industry to advocate for all businesses to hold themselves to the
highest standards of environmental and social consciousness.”
The RealReal’s mission to empower consignors and buyers to
extend the life cycle of luxury goods aligns closely with the
principles of the UN Global Compact, as well as the UN’s broader
development goals to achieve a better and more sustainable future
for all. The UN Global Compact is the most recent of many
initiatives The RealReal has undertaken to help create a more
sustainable and diverse future, including:
- Pledging to go carbon neutral in 2021 as part of Gucci CEO
Marco Bizarri’s CEO Carbon Neutral Challenge
- Forging partnerships with luxury brands such as Burberry and
Stella McCartney to promote the circular economy
- Joining the UN Climate Change Fashion Industry Charter for
Climate Action
- Launching the first-of-its-kind TRR Sustainability Calculator
to quantify the positive environmental impact of consignment
- Partnering with Black Girls CODE to support and help fund the
expansion of their work to increase women of color in STEM
fields
- Joining the Black in Fashion Council to drive representation of
Black fashion individuals in the industry
- Partnering with the Black Retail Action Group (BRAG) to help
educate and prepare Black students for retail leadership roles
- Appointing two women to its Board of Directors making it 50
percent female
For more information about The RealReal’s sustainable and social
efforts, please visit its Social Impact site.
About The RealReal, Inc.The RealReal is the
world’s largest online marketplace for authenticated, consigned
luxury goods. With a rigorous authentication process overseen by
experts, The RealReal provides a safe and reliable platform for
consumers to buy and sell their luxury items. We have 150+ in-house
gemologists, horologists and brand authenticators who inspect
thousands of items each day. As a sustainable company, we give new
life to pieces by hundreds of brands, from Gucci to Cartier,
supporting the circular economy. We make consigning effortless with
free in-home pickup, drop-off service, virtual appointments and
direct shipping for individual consignors and estates. At our
stores in LA, NYC and San Francisco, customers can shop, consign,
and meet with our experts. At our 10 Luxury Consignment Offices,
four of which are in our retail stores, our expert staff provides
free valuations.
Press Contact:Erin SantyHead of
Communicationspr@therealreal.com
Investor Relations Contact:Paul BieberHead of
Investor Relationspaul.bieber@therealreal.com
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