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The social & economic impact of ITAD

Oct 12, 2021

social-economical-impact-itad

Last month we discussed the legal reason for ITAD. Just because you're legally required, and it's the right thing to do, doesn't mean that you necessarily want to start doing things the ITAD way. But maybe - just maybe - it's in your best interest. Let's put it in a social context.

The benefits boost the economy

Back in 2009, the Sustainable Europe Research Institute (SERI), released the results of their study on how environmental policy can benefit the economy. SERI concluded that the economy would benefit in 8 distinct ways:

  • Enhances Productivity
  • Stimulates Innovation
  • Increases Employment (and/or the quality of Employment)
  • Improves our Balance of Trade
  • Strengthens our Capital Base
  • Supports Public Finances
  • Promotes Economic Cohesion
  • Encourages the Transition to a Resilient and Sustainable Economy

Boosting the economy drives an upward spiral of good for you and those around you. And, if your company is seen implementing these changes, you can see a strong social and public relations boost as well. 

Source: SERI, 2009

The benefits measure differently

Measuring the benefits associated with environmental sustainability requires a new way of thinking. In 2004, SustainAbility Inc. developed a method called the Triple "E" Bottom Line framework - most have shortened this to TBL or triple bottom line accounting.

Triple bottom line accounting combined the benefits for the planet, profits, and people all in a single format that allows you to measure the full benefits that you derive from sustainability projects like proper ITAD implementation. These tools allow you to realize the social benefits received by improving people and creating genuine social equity with those you encounter.

3e-regional-interpendencies

Source: SustainAbility, 2004

The benefits boomerang back

Have you heard of the Circular economy? This industrial design idea replaces the linear cradle-to-grave approach with a circular cradle-to-cradle process. Swiss architect, Walter R. Stahel originally coined the term "cradle-to-cradle" and is credited with introducing the idea of a circular economy with his 1976 report for the European Commission Potential for Substitution Manpower for Energy

In it, Stahel outlined the process of taking virgin material only one time and then recycling them back into the manufacturing process to be reused for new products over and over again. By reusing these precious materials, companies can work together to streamline their manufacturing processes and save money as well as the environment.

benefits-boomerang

Source: Jobs for Tomorrow, the Potential for Substituting Manpower for Energy, 1982

The benefits are material

So you can see, not all motivations for implementing an environmentally friendly ITAD process are just about covering yourself and being a good resident of Planet Earth (although that helps.) Your company can gain financially and socially by boosting the economy, implementing circular processes, and reporting all of the benefits with triple bottom line accounting. 

We made the 2021 Inc. 5000 List

We made the 2021 Inc. 5000 List

OceanTech embodies America’s entrepreneurial spirit and the power of perseverance and has reached the pinnacle of success during a time of unprecedented uncertainty.

How ITAD Reduces Costs

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Large technology companies operate data centers at a scale that’s difficult to imagine, even for those in the industry. New IT assets are what keep these organizations running. On top of the constant need for the latest, cutting-edge hardware, IT leaders in these organizations are keenly aware of the sensitive personal data that will be stored on those assets.

Why ITAD. The legal case

Why ITAD. The legal case

No two companies are exactly alike, so no two companies will have the same motivations to work with an ITAD provider. However, most companies fall into three primary categories: Legal, Ethical/Social, and Economics.
Today we’ll cover the legal reasons for ITAD; the laws that govern privacy and the penalties that follow if you don’t follow them. Most of them will cover data privacy, but there are also environmental laws you should consider.

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