As part of the shifting industry landscape, IT asset disposition businesses are expanding their service offerings and implementing new industry standards, including ESG reporting. ESG criteria focus on three areas regarding how well a company performs relative to environmental, social, and governance issues. By disclosing environmental, social, and governance data, companies can shed some light on ESG performance and compliance, improve investor transparency, and become more environmentally aware.
ESG social criteria refer to a company’s relationship with its employees, clients, and community and how it manages employee health and safety. Proper IT asset management and disposition enables enterprises to meet Social ESG criteria in several ways. Value-added service offerings provide opportunities for clients, such as value maximization through repair and remarketing, donation programs, and more.
Asset Redeployment with Donations Programs
Device reuse and redeployment play a significant role in helping the community via donation programs. When an enterprise retires IT assets, it will sometimes donate them to organizations in need, like schools, nursing homes, or even small startups that do not yet have the budget for new IT equipment. vITAD providers like HOBI provide repair and refurbishment services for IT assets eligible for reuse, and asset redeployment services. As technology evolves, the prices increase, and device reuse also helps create an alternate sales channel for those seeking to purchase used devices rather than brand-new ones.
Employee Buyback Programs
Partnering with a vITAD provider also allows companies to provide benefits to their employees and give employees an opportunity to purchase used IT equipment through employee buyback programs. This helps extend the lifecycle of used devices and maximize asset value after retirement. Buyback programs also help eliminate the financial burden of purchasing new devices and provide clients with enterprise benefits.
Remote Management
In a digital age, many companies operate with a fully remote staff, which means ITAD providers must adjust to a changing business landscape. Value-added services like remote management enable ITAD providers like HOBI to continue providing IT asset disposition services for clients, whether they are in-office or remote.
HOBI is an R2v3, RIOS, WBE, and ISO-14001 certified IT asset management and disposition enterprise with more than 30 years of experience in the industry. As the pioneers of the vITAD concept, HOBI understands the changing ITAD landscape and remains committed to providing IT asset disposition and mobile management needs to clients.
vITAD services like donation programs help bridge the digital divide while supporting the community by providing electronics to needy students. Employee buyback options for clients enable enterprises to provide a service to their employees. Remarketing used devices helps provide an alternative sales channel for purchasing new devices and brings companies closer to achieving Social ESG goals. This will also help reduce the need for new devices to be manufactured and will help preserve natural resources.
For more information about our vITAD services, call 817-814-2620 or contact HOBI at sales@hobi.com.