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 for businesses to provide more transparency and accountability regarding the environment as well as their stakeholders.
Environmental and social criteria cover how a company performs in regard to environmental awareness and a company’s relationship with its employees. Many businesses are becoming more environmentally conscious and trying to reduce their carbon footprint. ESG reporting allows the business to provide insight to clients on steps they take to improve sustainability. Social criteria refer to a company’s relationships with employees, clients, and its community. Providing an ESG report allows businesses to provide information on employee health and safety and stances on public issues such as human rights and labor standards, employee engagement, data protection and privacy, and inclusivity initiatives.
ESG governance criteria focus on the transparency and accuracy a company presents in accounting and reporting methods, as well as audits, leadership, executive pay, and shareholder rights. This provides full disclosure for investors who want to know how the company treats its shareholders and how much weight is put on their opinions.
Governance criteria are achieved in the ITAD space through compliance, audits, and transparency. The IT asset disposition process includes handling large amounts of data and expensive IT hardware, which requires a level of compliance, and many certifications to ensure that assets are handled appropriately.
Staying compliant with government legislation is one of HOBI’s top priorities in each of our programs. 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.
HOBI provides complete transparency to stakeholders and clients to ensure satisfaction in all facets of the business. For more information about our ITAD services, call 817-814-2620, or contact HOBI at sales@hobi.com.