Vestiaire Collective, the resale platform known for pre-owned luxury fashion, is launching a carbon credit scheme. The credits, certified by French partner Inuk, are based on the emissions avoided when consumers purchase second-hand clothing instead of new items. The credits are calculated using a methodology developed by Inuk and certified by global certification service provider AmSpec, with each representing one tonne of avoided emissions. ADVERTISEMENTIt said from October, 55,000 certified credits will be available for sale, representing avoided emissions from sales in 2023 and 2024. “That’s why we’re monetising the circular economy with these carbon credits… It’s about shifting the mindset of people who finance the world to look at circularity differently and take it seriously."