Value-added IT asset disposition (vITAD) is HOBI’s new approach to providing world-class IT asset disposition services as the digital age continues to evolve and the role of traditional ITAD services begins to expand. Craig Boswell, HOBI president, introduced the vITAD concept at the E-Scrap Conference in September 2022.
As clients and investors become more knowledgeable about the industry, their requirements become more complex. vITAD allows businesses and organizations to provide substantial benefits, which is extremely important in increasing and gaining customer satisfaction. By including value-added services, a company or an organization can stand out among the competition. The vITAD concept elevates the traditional ITAD model with ERP integration, portal customization for asset tracking, asset redeployment, re-imaging, and ESG reporting.
ESG reporting has become a priority among investors when searching for a company worth investment. ESG reporting is simply a snapshot of data revealing to potential investors a company’s positive impact on the environment, social, and corporate governance. The environmental aspect focuses on what a company is implementing to better the environment, whereas the social criteria analyze a company’s involvement in things such as human rights and labor standards. Corporate governance examines a company’s transparency and accuracy in accounting and reporting methods, as well as audits, leadership, executive pay, and shareholder rights.
Over the past few years, ESG reporting has drastically increased, and many companies have begun supplying ESG reports in their yearly reporting to demonstrate their good standing. Companies have already started spending large amounts of money, time, and resources to incorporate sustainability as a core policy. Many organizations have discovered ESG reporting to be a tool to attract investors and to show the company is meeting goals. Companies with strong ESG performance have noticed a higher return on their investment. They can decrease the risk during a crisis, whereas those who do not provide this reporting show untrustworthiness and are at risk of being overlooked by potential investors.
HOBI incorporates the vITAD concept throughout each of our services, including refurbishment and remarketing, reverse logistics, data security, and erasure.
For more information about our ITAD services, call 817-814-2620, or contact HOBI at email@example.com.