22 Apr 2022
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.
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 by extending the useful lives of items through trade, thereby reducing overall demand for new production.
OLX's Impact Report Series looks 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.
About Prosus
Prosus is a global consumer internet group and one of the largest technology investors in the world.
Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors.
Through the Prosus Ventures team, the group invests in new technology growth opportunities within logistics, fintech, health, blockchain, social and ecommerce platforms, agriculture and more.
The team actively backs exceptional entrepreneurs using technology to improve people's everyday lives.
Each month, over two billion customers across the globe use the products and services of companies that Prosus has invested in, acquired or built.