Companies use ESG (environmental, social, and corporate governance) policies to define and measure their impact on the environment and society. A strong ESG policy also keeps companies transparent about their governing practices and enforces accountability — both of which are important to conscious consumers and investors. Here’s a closer look at why ESG matters, and how electronics recycling plays an important role in your overall policy.
Why Do Companies Need an ESG Policy?
Every organization requires governance, and having an ESG policy can help your company stay intentional about pursuing ethical, sustainable operations for the planet and its people. ESG policies also help companies play an active role in solving societal and environmental issues, allowing them to contribute towards important goals such as reducing greenhouse gas emissions and addressing global warming.
In addition to enforcing ethical decision making, there are also some other ways having an ESG policy can benefit your company internally. For example, companies with strong ESG policies typically attract better talent, have higher financial growth, see fewer legal and regulatory interventions, and experience lower volatility. These factors can add up, potentially giving your company an edge over competitors in your market.
With that in mind, it’s not enough to simply have an ESG policy in place. You must also “walk the talk” and illustrate to stakeholders the ways in which your company’s actions align with the intentions you’ve set.
Electronics Recycling as a Component of ESG Policies
Getting started with ESG can feel like a daunting endeavor in companies of any size. One simple yet effective place to start is pursuing the proper handling of your company’s retired IT assets. Ethical IT asset handling can have more of an impact than most companies realize, and can play an important role in their overall ESG efforts. From a social perspective, proper IT asset disposition (ITAD) ensures consumers’ data is never compromised. From an environmental standpoint, having a plan for responsible electronics recycling shows your company is committed to reducing global waste and promoting reuse whenever possible
As both an ITAD provider and electronics recycling company, Quantum can help you achieve both of these goals. But beyond helping you manage your assets, we also give you tools and resources to help key stakeholders understand the impact your company is making and how it aligns with your ESG policy. For example, we provide reporting on GHG reductions based on an estimation of emissions saved (CO2e). Breakdowns are included for reuse and recycling. With straightforward reporting, you can show your customers, investors, and other key stakeholders how your company is actively pursuing ESG goals. In other words, you can illustrate how you’re actually delivering on your promises and moving the needle to make a meaningful impact towards important goals.