Below is a recap of this week’s blog posts including HOBI’s salute to our veterans, improving diversity and ESG with WBE certified ITAD, achieving ESG in the ITAD space, value-added ITAD and sustainable solutions for the digital age, and reducing pollution and e-waste via responsible asset disposition.
Veterans Day is not just a holiday; it’s a day for the nation to pause and acknowledge the sacrifices and efforts of the brave men and women who have donned the uniform of our armed forces. As the festive season casts a warm glow on the faces of families gathered in celebration, it is essential to remember that such simple joys are afforded to us by the selfless service of our veterans. This year, amidst the turmoil and strife gripping parts of the world, the significance of this day resonates even more profoundly.
Improve Diversity & ESG with WBE Certified ITAD
The business world standards are changing, and the ITAD industry is no exception. Concepts like diversity, equity, inclusion (DEI), and ESG are now industry requirements that businesses search for before partnering with others. Fortunately, ESG and diversity go hand in hand. Having a diverse workforce is essential to consider when partnering with other businesses as part of social ESG criteria. In the ITAD space, diversity plays a role in business development as other enterprises search for diverse suppliers. A WBE certification benefits women-owned businesses and provides tax incentives for revenue growth. As industry requirements continue to evolve, partnering with a WBE-certified ITAD provider offers diversity to business practices and helps achieve social ESG goals.
Achieving ESG in the ITAD Space
ESG has significantly grown in popularity as environmental awareness has become a cornerstone of modern business practices. Companies across the globe are implementing environmental policies and adjusting to meet new industry standards, and a key component of environmental transparency is reporting methods like ESG. 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 as part of a shifting industry landscape, including new value-added facets of the ITAD business model, a change HOBI refers to as value-added ITAD (vITAD).
Value-Added ITAD: Sustainable Solutions for the Digital Age
The world is a digital arena where electronics are required for daily life. The influx of technology over the last decade has created a need for additional ITAD services to accommodate the changing industry landscape, a concept HOBI refers to as value-added ITAD (vITAD). Technological advances provide many benefits but also result in excess electronics that are discarded each year for newer models. vITAD services, such as asset redeployment and donation programs, help repurpose retired IT assets and keep them out of the waste stream via device reuse. The digital era also requires services for non-traditional assets such as mobile devices and data centers that have grown in popularity. vITAD providers like HOBI offer value-added services tailored to the evolving needs of clients maneuvering a digital age.
Reduce Pollution & E-Waste Via Responsible Asset Disposition
E-waste generation is rising by 2.6 million tonnes annually and is estimated to reach 82 million tonnes by 2030, a 33 percent increase from 2022 figures. The evolution of technology has created an excess of e-waste that is often improperly disposed of, leading to a national e-waste crisis. Responsible IT asset disposition is more critical than ever as technology continues to rapidly evolve, and partnering with an ITAD provider will help reduce e-waste in the world and help companies achieve environmental ESG goals.