HOBI Weekly Blog Recap (11/27-11/30)
Value-added IT asset disposition (vITAD) services are becoming more common in the industry, the most prominent being ESG reporting. Environmental awareness is spreading, and as more businesses strive to reduce their carbon footprint, many are also seeking partnerships with enterprises that have established environmental, social, and governance goals.
Environmental and social ESG criteria receive much attention due to the growing sustainability awareness and the need to bridge the digital divide. Governance criteria can become overlooked in the race for sustainable practices and electronics reuse programs, but it is extremely important and could cost a company clients if not addressed.
Governance ESG criteria focus on the company’s transparency and accuracy 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 compliance and many certifications to ensure that assets are handled appropriately. Additionally, proper data security ensures no data leaks occur, maintaining an enterprise’s reputation and protecting sensitive employee and enterprise information.
Partnering with a vITAD provider like HOBI can help an organization achieve governance ESG goals through compliance assurance, diversity, and security. A critical element that sets HOBI apart from others in the industry is our board of directors, which helps reduce the risk of fraud, and 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 is also WBE certified, which enables other companies to identify HOBI as a diverse supplier and enhance the ESG goals of major corporations looking to do business with a woman-owned company. Certification is a large part of governance criteria, and companies with a WBE certification offer enterprises an opportunity to achieve their own governance ESG goals by partnering with a diverse supplier.
For more information about HOBI’s vITAD services, call 817-814-2620 or contact HOBI at sales@hobi.com.
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