Diversity has become a staple in the business world as many companies try to expand their employee pool to achieve social ESG goals, and one way to achieve both is by partnering with an ITAD provider. IT asset disposition is often an afterthought and may seem unimportant by comparison, but IT asset disposition encompasses more than just asset retirement. Securing the right ITAD provider will benefit an enterprise in many ways, and help them achieve diversity as well as environmental, social, and governance criteria.
In the ITAD space, diversity plays a role in business development as other enterprises search for diverse suppliers. For women-owned businesses, a WBE certification is beneficial for revenue growth and provides tax incentives. As industry requirements continue to evolve, partnering with a WBE certified ITAD provider provides a level of diversity to business practices. As part of ESG social criteria, many businesses seek to diversify their employee pool and partners to meet DEI standards. A WBE certification enables other companies to identify diverse suppliers and enhance their ESG goals while helping promote women-owned businesses to major corporations looking to do business with a woman-owned company.
ESG is a popular reporting method that helps companies maintain transparency and accountability for environmental, social, and governance standards. An ITAD provider like HOBI can help meet all three focus areas.
E – Environmental standards are growing, and more businesses are striving to reduce their carbon footprint. Hazardous waste management is among the most important actions taken to reduce pollution, and companies can help protect the environment while also achieving ESG environmental goals by partnering with an ITAD provider. Electronics recycling is the safest, most environmentally friendly manner of disposal for these hazardous materials, and ITAD facilities offer more than just recycling.
S – Technology is rapidly evolving, and prices are rising, creating a digital divide among those without access to the Internet and digital literacy training. Some electronics can still be used after retirement, and many enterprises are opting to donate their retired IT assets to those in need, such as schools, new businesses, or nursing homes. Partnering with an ITAD provider that offers value-added services enables companies to give back to their community and achieve social ESG goals by helping to bridge the digital divide.
G – In ITAD, governance criteria are achieved through compliance, audits, and transparency. Compliance is a key practice to ensure governance ESG goals are being met, and one way to achieve compliance assurance is to maintain certifications. Certifications play a pivotal role in the ITAD industry, ensuring accountability and instilling confidence in clients. They provide documented evidence that their equipment is in professional hands. Several certifications are available for ITAD facilities, including the R2v3 standard, serving as a testament to the facility’s commitment to high standards and responsible practices.
HOBI co-founder and CEO Cathy Hill is a founding member of the company’s board and has overseen its growth since its inception. In addition to our WBE certification, HOBI is R2v3, RIOS, and ISO 14001 certified. With more than 30 years of experience in the industry and services ranging from data security and erasure to reverse logistics, HOBI provides a wide range of ITAD solutions that not only maximize the value of retired assets but also help achieve diversity and ESG goals.
For more information about our ITAD services, call 817-814-2620 or contact HOBI at sales@hobi.com.