thredUP Appoints First Head of Public Policy And Sustainability

OAKLAND, Calif., Feb. 24, 2022 /PRNewswire/ -- thredUP (NASDAQ:TDUP), one of the largest resale platforms for women's and kid's apparel, shoes, and accessories, today announced that Seth Levey has joined the company as its first-ever Head of Public Policy and Sustainability. In this role, Levey will lead government affairs and policy initiatives that drive impact by encouraging widespread adoption of circular business models with an emphasis on apparel reuse. He will also oversee thredUP's broader Environmental, Social, and Governance (ESG) efforts. Levey will report to Alon Rotem, Chief Legal Officer of thredUP.

"Extending the life of clothing can significantly reduce fashion's impact on our world," said James Reinhart, CEO of thredUP. "There is a long history of government action to curb pollutive industries; we have seen regulation and incentives for everything from plastic bags to electric vehicles. At thredUP, we believe circular fashion is the next frontier in sustainable policy, and I'm thrilled to welcome Seth Levey to our team to help thredUP on our journey to usher in a more sustainable future for the industry."

Prior to joining thredUP, Levey served as Director of Government Relations and Public Affairs at Equinor, where he was responsible for the company's U.S. climate, sustainability, environmental, and innovation policy development and advocacy. Prior to that, he held roles at the Edison Electric Institute, where he represented investor-owned electric companies before policymakers, and at Exxon Mobil Corporation, in corporate public and government affairs. He previously advised U.S. state governors on energy, economic development, and international affairs issues.

"Oftentimes, public policy and sustainability are separate functions within an organization. Blending them together into one role proves that thredUP understands the greater impact resale can have on climate goals with government and societal support," said Levey. "Educating policymakers on the circular economy and thredUP's business model is the first step in creating change, and I'm eager to take on this new and critical position."

Data from thredUP's 2021 Resale Report suggests that government support would drive meaningful adoption of circular fashion among consumers and brands. Forty-seven percent of U.S. consumers say they would be more inclined to purchase secondhand clothing if the sales tax was eliminated or they received a tax credit for their purchases, while 58 percent of U.S. retail executives say they would be more likely to test the buying and selling of secondhand apparel if there were financial incentives for doing so. A surge of participation at these levels could enable a sector, like resale, to reach its environmental impact potential.

Levey holds a Bachelor's degree in government and history from the College of William and Mary and a Master's of Public Administration from Columbia University's School of International and Public Affairs (SIPA).

About thredUP

thredUP is transforming resale with technology and a 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 resale platforms for women's and kids' apparel, shoes and accessories. Sellers love thredUP because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers love shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. With thredUP's Resale-as-a-Service, some of the world's leading brands and retailers are leveraging our platform to deliver customizable, scalable resale experiences to their customers. thredUP has processed over 125 million unique secondhand items from 35,000 brands across 100 categories. By extending the life cycle of clothing, thredUP is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.

Contact

Kayla Wilkinson

thredUP

[email protected] 

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SOURCE thredUP