NEW YORK (March 8, 2022) - Back Market, a leading renewed electronics marketplace, today announced it has been recognized as one of Fast Company’s Most Innovative Companies for 2022. This prestigious annual list of the World’s Most Innovative Companies ranks Back Market as number 1 in the Consumer Electronics category and 18 on the overall list of top 50 most innovative companies of 2022. This is the second time Back Market has received this award, the first time was in 2019.
“It is an honor to be named alongside the other companies on this list making inspiring and impactful changes,” said Thibaud Hug de Larauze, founder and CEO of Back Market. “We are proud to be leading a societal change that resonates with consumers and the industry around how we purchase and consume technology. Our goal is to make renewed electronics the preferred purchasing choice. Innovation is not always about new products and technology and we are pleased to see Fast Company recognize that, especially in the consumer electronics category.”
Back Market continues to grow the demand for refurbished electronics by delivering an experience superior to buying new and continually implementing new programs and partnership initiatives to improve customer experience, trust and value. With more than 6 million customers worldwide, Back Market is catalyzing a fundamental shift in consumer behavior and driving the conversation around how people consume technology, one expertly renewed device at a time.
Back Market’s fight to establish the circular economy is also a fight against electronic waste. E-waste is the fastest growing solid-waste stream, far outpacing other sources such as fast fashion. According to one report, buying a new phone takes as much energy as recharging and operating a smartphone for an entire decade. Newly released data further quantifies the impact of refurbished electronics versus new.
“The world’s most innovative companies play an essential role in addressing the most pressing issues facing society, whether they’re fighting climate change by spurring decarbonization efforts, ameliorating the strain on supply chains, or helping us reconnect with one another over shared passions,” said Fast Company Deputy Editor David Lidsky.
This year’s list honors businesses making the biggest impact on their industries and culture as a whole—ultimately thriving in today’s ever-changing world and creating the future today with some of the most inspiring accomplishments of the 21st century. The World's 50 Most Innovative Companies list recognizes 528 organizations across 52 categories, including brands such as Canva, Microsoft, SpaceX, and more.
Fast Company’s editors and writers sought out the most groundbreaking businesses across the globe and industries. They also judged nominations received through their application process.
The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.
Fast Company’s Most Innovative Companies issue (March/April 2022) is available online here, as well as in-app form via iTunes, and on newsstands beginning March 15. The hashtag is #FCMostInnovative.
About Back Market:
Launched in 2014 by Thibaud Hug de Larauze, Quentin Le Brouster, and Vianney Vaute, Back Market is the leading dedicated renewed tech marketplace. The company brings high-quality professionally refurbished electronic devices and appliances to customers in 16 countries (including the United States, France, Germany, the United Kingdom, Italy, Spain, Belgium, Austria, the Netherlands, Portugal, Japan, Finland, Ireland, Greece, Slovakia and Sweden). It employs a team of 650 employees across its 5 offices located in New York, Berlin, Paris, Bordeaux, and Barcelona.
ABOUT FAST COMPANY
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
