As part of the shifting industry landscape, IT asset disposition businesses are expanding their service offerings and implementing new industry standards, including ESG reporting. ESG criteria focus on three areas regarding how well a company performs relative to environmental, social, and governance issues. ESG social criteria refer to a company’s relationship with its employees, clients, and community and how it manages employee health and safety. Proper IT asset management and disposition enables enterprises to meet Social ESG goals in several ways. Value-added service offerings provide opportunities for clients, such as value maximization through repair and remarketing, donation programs, and more.
Rising electronics prices have caused many users to keep their mobile devices longer and purchase used rather than new ones. This helps reduce the need for new materials to manufacture new devices, however, sales channels for used devices can be challenging to find, especially for startup companies looking for cost-effective options. ITAD providers offer services such as repair, remarketing, and donation programs that help maximize the value of retired IT assets and provide a sales channel for used electronics.
- Reducing the Environmental Impact of E-Waste in Vulnerable Communities: Proper ITAD practices prevent harmful e-waste from being shipped to and disposed of in developing countries, where it can cause significant environmental and health issues. By responsibly managing the end-of-life process for IT assets, companies contribute to reducing the negative impact on vulnerable communities and promote global environmental justice.
- Improving Data Security Awareness and Practices: Through responsible ITAD practices prioritizing secure data destruction, companies can raise awareness about the importance of data security among employees and clients. This can lead to improved data protection practices within the company and beyond, contributing to a broader culture of cybersecurity and privacy in the digital age.
- Promoting Digital Inclusion and Bridging the Digital Divide: Donation programs are a value-added ITAD service that helps provide electronics to those without access. Many companies are now seeking out these electronics donation programs to maximize the value of their retired hardware and give old IT assets a second lifecycle. Helping bridge the gap between those with access to technology and those without is an excellent way for enterprises to accomplish ESG social criteria by helping their community.
HOBI is an R2v3, RIOS, and ISO-14001 certified IT asset management and disposition facility with more than 30 years of experience in the industry. We offer repair and refurbishment services and remarketing and asset redeployment opportunities. HOBI helps bridge the digital divide by partnering with companies to provide refurbished electronics to students. We also offer employee buyback options for clients, in which employees can purchase a company’s used IT equipment.
For more information about our vITAD services, call 817-814-2620 or contact HOBI at sales@hobi.com.