May 9, 2023
thredUP’s long-term practices, as reflected in their policies to list on the LTSE, reflect their commitment to drive long-term impact. thredUP is a leader in practicing better business by having inclusive and sustainable business practices aligned with its employees, customers, shareholders, and communities.
LTSE celebrates thredUP as they transform resale with the mission to inspire a new generation of consumers to think secondhand first.
By making it easy to buy and sell secondhand, thredUP has become one of the world's largest online resale platforms. They are at the forefront of a mission to change the way consumers shop, ushering in a more sustainable future for the fashion industry.
“The fashion industry is one of the most environmentally damaging sectors of the global economy. By extending the life cycle of apparel, resale is a powerful solution to the industry’s wastefulness,” said James Reinhart, Founder, and CEO of thredUp.
“With this listing, thredUP threw down the gauntlet for all consumer companies,” said Eric Ries, founder and CEO of LTSE Group. “It is not enough to make pledges to your stakeholders; it is time for binding commitments the public can believe.”
LTSE is a mission-based financial services ecosystem for better business in the long-term, supporting the most innovative 21st-century companies with the financial infrastructure they need at every stage of their growth.
See how thredUP is using principle-based governance to drive purpose and profit.