Enterprise Benefits of ESG Reporting

Among the changes that have taken hold in the ITAD industry, ESG reporting is one of the most prominent as a new industry standard, and many companies are seeking out other organizations that offer ESG reporting. Some remain on the fence about ESG, but it provides many enterprise benefits, including environmental accountability, community involvement, and more. 

As a value-added IT asset disposition service, ESG represents an enterprise’s environmental, social, and governance policies and provides transparency and accountability within the workplace. Transparency is something many clients, as well as stakeholders, look for. An enterprise that can provide full transparency fosters loyalty and trust, ensuring clients are in reliable hands. 

Today, many businesses are striving to be more sustainable. They often will only do business with companies that have a solid environmental commitment or strategies to reduce energy consumption. One-third of ESG focuses on environmental awareness and can help organizations reduce their carbon footprint and become more eco-friendly by setting and meeting environmental ESG goals. 

ESG also focuses on how a company engages with and provides for its community. In the ITAD industry, ESG social criteria are met through device reuse, repair and remarketing services, and donations programs. Rather than getting rid of retired IT assets, many businesses wish to donate them to other organizations in need, such as schools, nursing homes, or others who may not have access to technology. This helps bridge the digital divide and extends the lifecycle of used devices. 

In addition to repair, remarketing, and donations programs, HOBI is also WBE certified, which enables other companies to identify HOBI as a diverse supplier and enhance the ESG goals of major corporations looking to do business with a woman-owned company. Certification is a large part of governance criteria, and companies with a WBE certification offer enterprises an opportunity to achieve their own governance ESG goals by partnering with a diverse supplier.

With more than 30 years of experience in the industry, HOBI undergoes yearly audits for each of its programs in all three locations to ensure the device refurbishment and recycling process is compliant with local, state, and federal e-scrap disposal legislation. HOBI’s R2v3, RIOS, and ISO 14001 certifications guarantee accountability at all levels of the IT asset disposition process. 

As an IT asset management and disposition enterprise, we focus on what is best for the client and the environment. 

For more information about HOBI’s vITAD services, call 817-814-2620 or contact HOBI at sales@hobi.com.