Inspiration/where it all started...
May Al-Karooni realised no one had digitised the waste industry when the bank she worked for moved offices across the road. Rather than moving their office furniture, most of which was in perfect condition, they disposed of it all and purchased brand new furniture. Seeing this immense waste was a revelation; she knew there were charities and people that needed these items, and that her bank had also incurred high fees for both the disposal and repurchase of the furniture. This revelation resulted in the birth of Globechain, and with £800 May set up the first Globechain website. She chose to self-fund initially since there was no market or access to funding for services like Globechain at the time.
Problem solved
Currently, the circular economy is estimated to be worth $4.3 trillion and it is predicted that the
current waste going to landfill will increase by 70% by 2050. Globechain is offering a solution for
enterprises and companies, allowing them to reduce their waste, save money and enabling them
to transition to the circular economy and change their business models from linear to circular.
Corporates need simple tech solutions to eliminate and digitise waste and this is what our global
B2B reuse marketplace provides by allowing the redistribution unneeded items via our reuse
marketplace to charities, small businesses and individuals. We generate ESG data in return which
the businesses can use for their CSR and ESG reporting.
Long-term goals
Globechain currently has over 10 000 members and we are operating in the United Kingdom, New York, Spain and the United Arab Emirates. We have diverted over 6.1 million tons from landfill and helped charities save over £4 million. We plan to expand internationally in 2021 and we are on a mission to divert 100 million tons from landfill by 2025.
by Globechain CEO and founder: May Al-Karooni
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