Sustainable practices are becoming more critical as technology rapidly evolves, and the business world is taking steps to become more environmentally aware, starting with reporting methods. As part of the changing ITAD landscape, many companies are implementing ESG goals to help reduce their carbon footprint. Partnering with an ITAD provider will help bring companies closer to achieving those goals through services such as data security, repair and remarketing, and electronics recycling.
How ESG Plays a Role in Sustainable Practices
The ITAD industry has undergone many changes in recent years, including new facets of the business that enhance traditional service offerings and help clients adjust to a changing landscape. As a new industry standard in the business world, ESG reporting encompasses a range of policies on how a company reacts to environmental, social, and governance issues. ESG reporting is becoming more common in ITAD and includes new value-added facets of the ITAD business model, a change HOBI refers to as value-added ITAD (vITAD). ESG reporting helps companies maintain transparency and accountability for reaching sustainable goals via environmental, social, and governance policies and standards. By creating ESG goals and developing sustainability strategies to achieve those goals, companies will be one step closer to reducing their carbon footprint.
E-waste is growing, and the demand for responsible IT asset disposition is increasing. In the last decade, e-waste has grown by about 82 percent, with the annual generation rising by 2.6 million tonnes. While reporting methods alone may not seem like a direct solution for reducing e-waste, adopting practices that lower carbon impact and promote responsible IT asset disposition is crucial to achieving global sustainability.
Achieve ESG Goals with ITAD
In the ITAD industry, ESG is accomplished in several ways. ITAD revolves around electronics recycling, making environmental ESG criteria the easiest to achieve. Environmental standards examine what strategies are in place for potential environmental risks and how a company plans to manage or mitigate such risks. ITAD enterprises like HOBI prioritize environmental safety through every step of the disposition process by ensuring that e-waste is recycled instead of sent to landfills. Repurposing used devices through repair and remarketing ITAD services helps provide an alternative sales channel for brand-new devices, which helps achieve social ESG criteria. Governance criteria focus on how much transparency and accuracy a company presents in accounting, reporting methods, audits, leadership, executive pay, and shareholder rights. In the ITAD space, legislative compliance helps hold an enterprise accountable for risk prevention and maintaining certifications.
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