TBAuctions Enables Avoidance of 2 Million Tons of CO₂ Emissions Through Digital B2B Auctions in 2024
ESG Report 2024 Highlights Sustainability Initiatives and 50/50 Gender mix in Executive Management Team
AMSTERDAM, 3 June 2025 – TBAuctions, Europe’s leading multi-brand digital auction platform for B2B goods, has published its 2024 ESG Report, highlighting a major milestone in its circular mission. Purchases made through TBAuctions’ platforms in 2024 helped to prevent more than 2 million tonnes of CO₂ emissions, underlining the significant environmental benefits of extending the life of business assets.
Choosing Used Means Avoiding Emissions
In 2024, nearly 1.3 million assets were given a second life through TBAuctions. Each reused item helped avoid the carbon emissions that would have been generated by producing a new equivalent, from raw material extraction to manufacturing and transport of new items. These avoided emissions of more than 2 million tonnes are calculated based on data from TBAuctions dedicated emissions calculation tool, which utilizes conservative lifecycle assessments and reliable industry benchmarks. The tool measured 1.18 million tonnes of avoided emissions across 55% of their sold items (measured by net auction sales). By extrapolating the calculated value of 1.18 million tonnes across the full range of sold items, the company estimates the total climate impact to exceed 2 million tonnes of CO₂. This reduction is comparable to removing approximately 784,000 gasoline cars, each driving 15,000 km from the road for a full year.
“Every reused machine or vehicle means fewer raw materials, less transport, and lower emissions," says Tom Christenson, CEO of TBAuctions. "Our sellers and buyers are not only making smart business choices but they are actively contributing to a cleaner future. We are proud of what we achieved in 2024 and are committed to pushing further — for our users, our planet, and the circular economy.”
Leveraging Digital Tools for Sustainable Decision-Making
In 2024, TBAuctions integrated the emissions calculation tool into the websites of its key brands. This allows potential buyers and sellers to see the estimated avoided emissions per product in real time. It empowers users to make informed, sustainable choices and aligns with a growing demand for transparency in the circular economy.
Sustainability at the Core of Growth Strategy
Despite operating in a complex and rapidly evolving environment, TBAuctions’ focus on sustainability remains central to all aspects of its business and brands, steering the organisation toward a more sustainable, low-carbon future. This commitment is further reinforced by a more refined internal carbon management approach, including improvements in transport efficiency, resource use, and waste reduction.
TBAuctions acknowledges that the journey toward sustainability is far from over. However, the steps taken in 2024 — particularly the implementation of emissions tracking and transparency tools — mark a critical foundation for deeper progress in the years ahead.
Diversity and Equality: Achieving a 50/50 Gender Mix within Executive Team
In addition to environmental progress, TBAuctions also made essential strides in diversity and equality in 2024, which the company sees as crucial to fostering a healthy, empowering organisation. Compared to 2023, the company reports positive shifts in its diversity metrics. The percentage of executive management roles held by women has increased, and at the executive level, there is now a 50/50 gender mix. Among individual brands, Klaravik stands out with more women than men on staff — a rare achievement in the tech industry and a clear reflection of TBAuctions' commitment to inclusion at every level.
“Our ambition is to continuously improve and genuinely make a difference — not just within the organisation, but across the industry as a whole,” says Christenson. “We see that women across our organisation are leading that change — challenging the status quo, driving innovation, and showing every day that inclusion leads to better outcomes for everyone.”
Download TBAuctions’ ESG Report 2024 here.
About Troostwijk Auctions
Troostwijk Auctions believes that everything has value and is driven to make digital auctioning the best way to add value for business sellers and buyers. The digital auction platform optimally connects local, convenient and fast sales with global demand. They do this by combining the power of their people, technology and data. This is how Troostwijk Auctions builds a profitable business, rewards their people and extends the life of goods to reduce waste and emissions. Each year, Troostwijk Auctions auctions more than 1 million lots for companies in sectors such as agriculture, food, metal, construction, earthmoving and transportation & logistics. The company has an average of 4 million visits to the platform per month, local sector specialists throughout Europe and buyers in 175 countries. For more information about Troostwijk Auctions: https://www.troostwijkauctions.com/
ABOUT TBAuctions
TBAuctions is Europe’s leading multi-brand (Klaravik, Troostwijk Auctions, Surplex, Auksjonen, PS Auction, British Medical Auctions, Vavato, HT Auctions & Valuations, and Auktionshuset dab), digital auction platform for used B2B goods with +1,200 team members across the Nordics, Benelux +UK, and Continental Europe. We believe that “Everything Has Value” and we make auctioning more effective and efficient by using technology, automation, and economies of scale. TBAuctions’ online intelligent auctions make this happen through a proprietary platform that uniquely connects bidders from multiple storefronts to seamlessly engage with a single, unified auction. TBA brings sustainable trade to a higher level. Sourcing locally and selling globally, millions of products are auctioned every year. Funds managed by Castik Capital are the majority owners of TBAuctions, with Summa Equity as the minority shareholder.
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