The pioneering American online luxury goods retailer has just been awarded the demanding American B Corp certification, in recognition of its joint efforts in terms of social and environmental impact.
FASHIONPHILE likes to be on the cutting edge.
American company FASHIONPHILE, which bills itself as “the leading e-commerce platform for the resale of second-hand and luxury accessories”, has just announced its admission to the “club” of certified B Corp companies.
“This certification reflects the company’s ongoing efforts in the areas of social and environmental sustainability, transparency and ethical business practices” stresses the company.
Pioneer
FASHIONPHILE was already a pioneer when it was founded in San Diego in 1999, adopting a circular economy model: the resale of second-hand luxury goods on the Internet. The company has a “long-standing commitment to extending the life cycle of the products it sells, making this more sustainable way of shopping more accessible, reducing waste and promoting sustainability in the luxury fashion industry”, says Sarah Davis, founder and president of FASHIONPHILE .
Since then, many other platforms, such as compatriots Couture USA (founded in 2004) and Rebag (2014), or the French Vestiaire Collective (2009), Collector Square and Monogram (both launched in 2015), have followed suit.
But FASHIONPHILE claims to have become “the country’s largest resale platform for buying and selling pre-owned luxury accessories, including Chanel, Hermès, Gucci and Louis Vuitton”.
Exclusive partner of Neiman Marcus
Claiming excellence “in digital and omnichannel experiences as well as in-person luxury services”, an “inexhaustible stock of the most coveted handbags and accessories”, “a direct purchase model” and “first-class authentication”, FASHIONPHILE has notably become Neiman Marcus’ exclusive e-commerce partner in 2019. Some ten FASHIONPHILE Selling Studios have already opened in Neiman Marcus stores.
And today, FASHIONPHILE is stepping up a gear in terms of exemplarity.
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“At FASHIONPHILE, circularity is a key pillar, and we focus on reducing, reusing, restoring, refurbishing, recycling and repairing,” said CEO Sarah Davis. While our FASHIONPHILE model is circular, achieving B Corp designation requires much more. This certification is a testament to our dedication and reinforces our mission to make fashion more sustainable.”
2600 B Corp companies
Launched in 2006 in the United States, the B Corp (for Benefit Corporation) label certifies companies that can demonstrate a positive social and environmental impact. More than 2,600 companies are now certified in over 60 countries and 150 different sectors.
One of the distinguishing features of B-Corp compared with other existing certifications is its holistic approach, encompassing all31 aspects of a company’s social and environmental impact.
B-Corp also claims to be highly demanding, and to adhere to “high standards of verified performance, accountability and transparency on factors ranging from employee benefits and charitable giving to supply chain practices and input materials”. To achieve certification, “a company must demonstrate high social and environmental performance by achieving a score of 80 or above on the impact assessment and passing our risk review” stresses the label on its website.
A long-term commitment
Among the initiatives taken by the FASHIONPHILE team to strengthen its social and environmental responsibility and thus meet the B Corp “profile”, the platform cites the application of “internal recycling programs, the use of low-density LPDE plastic, the use of recycled materials in all packaging and the adoption of a hybrid working model to produce less waste”.
In September 2021, the company also “installed solar panels on the roof of its global headquarters, generating over 140,000 kWh of electricity, and is on track to produce well over 200,000 kWh before the end of 2023″.
By joining B Corp, FASHIONPHILE is embarking on a long-term adventure. “Required to undergo the verification process every three years in order to obtain recertification”, B Corps-labeled companies are in fact committed “to a process of continuous improvement“.
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Read also > WHAT IS THE B-CORP CERTIFICATION ?
Front image: © FASHIONPHILE
