It’s officially Fall, which means tech companies all over the world are announcing the newest product models. This also means many businesses are upgrading their IT equipment in favor of these newer models, and some may not have an ITAD plan in place. With the amount of electronic waste that is generated every year, proper IT asset disposition is crucial to keeping the environment clean and safe.
Beginning almost six years ago, dozens of e-scrap companies were sued after Closed Loop Refining and Recovery left warehouses full of CRT material when the business failed in 2016. This resulted in a dispute over funding for the cleanup of about 150 million pounds of abandoned CRT materials in Columbus, Ohio.
The role of traditional ITAD is changing, and one of the new criteria is ESG reporting. With three focus points in regards to how well a company performs with respect to environmental, social and governance issues, ESG represents a significant change in industry standards. By disclosing environmental, social and governance data, companies are able to shed some light on ESG performance and compliance, improve investor transparency, and become more environmentally aware.
As electric vehicles continue to become more common, it is vital to have a plan for used EV batteries. The improvement of technology, soaring gas prices and the recent changes in legislation banning the sale of new fuel powered cars have driven EVs to a great deal of outbreak. According to the investment bank UBS, by the year 2025, 20 percent of all new cars sold will be electric, 40 percent by 2030, and by 2040 all new cars sold will be electric.