The demand for corporate responsibility has led to companies facing increased pressure from governments, investors and other stakeholders to disclose more about their environmental, social and governance (ESG) strategy. As companies evolve their reporting requirements and set bold ESG goals, the demand for all vendors, including ITAD, is growing to add additional value outside the traditional service model.
No issue has made transition to creating a strong ESG strategy more critical than climate change. As the warnings from the Intergovernmental Panel on Climate Change and scientists become increasingly grim, calls for corporations to operationalize Environmental, Social, and Governance (ESG) into their operations grow louder, with a requirement to be practical, specific, and measurable. In the last three years, Larry Fink, CEO of Blackrock, one of the world's preeminent asset management firms, stated sustainability is the new standard for investing while big four consulting firms such as McKinsey and PwC, recently released publications on the necessity of ESG for businesses to prosper.
As a result, traditional ITAD must now evolve to meet clients' ESG needs. In the past, relationships were dependent on revenue-sharing contracts that forced ITADS to breakdown devices for recycling, in order to maximize profits. But this process is misaligned with clients ESG goals. There is a better way.
Learn about the next chapter in ITAD: Circularity & ESG reporting by downloading our whitepaper by clicking the link here.