We are pleased to announce that eBay, the global online marketplace, has become a corporate member of the Circular Economy 100 (CE100), the Foundation’s pre-competitive innovation programme.
Reuse and redistribution are both key elements of a thriving circular economy, and with 162 million active buyers eBay is one of the world’s largest platforms for extending the useful life of products. By leveraging the company’s capabilities and scale, eBay sees its commerce platform as a unique asset that can drive innovation and strategically support the transition to a circular economy,
The company hopes to learn from other members within the CE100 network, and to identify further opportunities to influence and support the acceleration to a circular economy.
"As a business that has extended the useful life of products and enabled the recirculation of goods since our founding, eBay is thrilled to join a global movement of like-minded companies. It’s vital that business takes up the challenge to innovate new ways of creating economic opportunity that don’t rely on carbon emissions. With the collaboration of The Ellen MacArthur Foundation and the many businesses involved, we think a tipping point is on the way – where circular models become the norm. We’ll be playing our part by connecting circular economy to the way millions of individuals and small businesses create wealth and opportunity around the world."
-- Devin Wenig, CEO, eBay
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Sustainable Brands Staff
Published Jan 29, 2016 3am EST / 12am PST / 8am GMT / 9am CET