The new Basel Convention amendments are a looming obstacle for the ITAD industry, with the Swiss Ghana amendments set to go into effect on Jan. 1. The changes include the reclassification of certain materials not previously classified as hazardous, subjecting them to the same shipment regulations as hazardous materials such as CRT glass or devices with batteries containing mercury, cadmium or lead. Changes also include expanding the definition of “waste” under the convention to include devices being prepared for reuse, which were not previously classified as waste according to the convention.
Basel Amendment Challenges
The new amendments demand higher standards and accountability, resulting in several challenges for ITAD companies. The most notable challenge is the amount of documentation and transparency that will require significant paperwork and reporting, adding another layer of complexity to an already tedious process. The changes aim to tighten regulations for waste management and ensure waste is managed in an environmentally sound manner, which will result in higher ITAD costs as the demand for IT asset disposition increases.
Navigate Changes with Compliance, Risk Management & Reporting
First and foremost, the amendments reclassify certain types of plastic and electronic waste, directly affecting the ITAD industry. The amendments will result in stricter control measures and require more responsibility from importers and exporters in the form of Prior Informed Consent. They will require significantly more documentation and paperwork to manage hazardous waste. Practicing compliance and transparency will help ITAD companies prepare for the looming restrictions.
Adopting reporting methods on waste management practices, such as ESG, will also help provide more transparency and accountability for hazardous waste management. Compliance extends beyond a single company, and being more selective with downstream vendors ensures compliance at every level. More stringent waste management regulations necessitate new risk management strategies and mitigation efforts, which can be included in reporting methods. ESG reporting can also emphasize the progress of carbon footprint reduction and showcase sustainability commitments.
The Basel Convention changes will significantly impact the ITAD industry, and companies must rethink their IT asset disposition strategies, invest in local recycling facilities, form partnerships with certified recyclers, and embrace sustainable practices to stay ahead of the curve.