Ökoworld AG Expands Investment Portfolio with Focus on Sustainable Fashion Initiatives

Reuters

07-24

Ökoworld AG Expands Investment Portfolio with Focus on Sustainable Fashion Initiatives

Ökoworld AG, a leading sustainable investment firm, has announced its expansion strategy with a focus on environmentally responsible companies. The firm is investing selectively in the textile industry, a sector notorious for its significant environmental impact, accounting for 10% of global greenhouse gas emissions according to a 2022 Greenpeace study. One of its notable investments is in ThredUp, a US-based company operating an online platform for second-hand clothing. This move aligns with Ökoworld's commitment to sustainability, as ThredUp offers comprehensive logistics and warehousing services, focusing on women's and children's textiles. In the US, where 73% of used clothing is either landfilled or incinerated, ThredUp and studies by the Ellen MacArthur Foundation highlight that 95% of discarded textiles are still wearable or suitable for recycling and upcycling. Ökoworld's strategy underscores its dedication to supporting eco-friendly business practices.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ökoworld AG published the original content used to generate this news brief on July 24, 2025, and is solely responsible for the information contained therein.

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