OLX global impact report 2021

Prosus's classifieds business OLX Group's purpose is to shape the future of trade to unlock the hidden value in everything. When it comes to unlocking hidden value, its impact is not just limited to its customers, but also to wider communities and the planet.

In 2019 OLX began documenting the collectively massive impact its consumers have in using OLX's platforms for trade. A significant part of OLX's business involves extending the lives of products through second-hand trade. Such trade naturally facilitates efficient use of natural resources byextending the useful lives of items through trade, thereby reducing overall demand for new production.

OLX's Impact Report Serieslooks in more detail at the considerable impact such trade has had with respect to CO2 reduction, water conservation, and materials saved.

Today, on Earth Day, OLX presented its Global Impact Report for the year 2021 and looks at the potential environmental benefits of secondhand sales on OLX's platforms, in key product categories. You can find the complete report here.

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Prosus NV published this content on 22 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2022 09:27:05 UTC.