Corporate responsibility (CR) programs are on the rise among the business world, according to a recent study by Corporate Responsibility Magazine. The study found that 72 percent of all companies had formal CR programs in 2011, up from 62 percent in 2010. Adding more traction to the growth is that 62 percent of companies have a lead CR role, or corporate responsibility officer, and more than 60 percent have dedicated CR budgets.
Corporate responsibility generally means taking into account how dealings with customers, shareholders and employees are seen by the world. It takes into account how a company affects the local and global community socially, economically and environmentally. In today’s 24-hour social media news cycle, having a negative impact in any of those areas can be damaging on a company’s reputation.
From an environmental perspective, CR officers must be aware of IT asset disposition (ITAD) practices and how they dispose of IT, mobile and electronic assets. In a constantly evolving high-tech world, life cycles of IT assets is shorter and spending is greater, thus requiring responsible ITAD practices. Very few things can tarnish a company’s reputation faster than being environmentally insensitive.
Businesses around the world must engage in ITAD services as they face growing environmental protection standards as the Earth is continually impacted by the carbon footprint and waste created by innovative technology. Corporations need to secure the most economic value on their old equipment – either through resale or recovery – and protect the environment in this process.
For many companies, ITAD is either a new concept, has an overwhelming number of regulations with which to comply, or is a service that cannot be done in-house; or is combination of all of the above. Therefore, it is imperative to partner with a company that specializes in ITAD. HOBI International maintains a leadership role in the area of public education on the impact of electronics on the environment and is educating companies around the world on how to protect the environment and prevent legal liability.
CR officers need to be aware of IT remarketing services and a processing system that ensures all hazardous and non-hazardous materials are recovered and processed in an environmentally sound manner. Forming partnerships with certified responsible recyclers such as HOBI helps meet all industry standards when disposing or recycling old equipment.
For more information on how HOBI can help your corporate responsibility program, click here.