Is electronic recycling the best option for your business?
There’s no doubt electronic recycling has a lot of advantages. Many companies and third-party recyclers are now working together to achieve zero-landfill goals and minimize e-waste risks. From sustainability to financial gains, responsible recycling truly manifests a win-win situation for businesses.
As e-waste management’s demand grows, the number of recycling methods available in the service market expands too. But how do you determine what recycling services your business needs? Here’s how.
Industry and Country
Electronic waste is hazardous to our health and environment. Policies can differ from one country to another and even from one state to another. Remember that there might be specific e-waste standards and regulations that you need to follow based on your industry or location. In the United States, the Department of Transportation issued 49 CFR to regulate the safe shipment of hazardous waste. Notably, the 49 CFR lists what electronic wastes are classified as dangerous, and must be transported in compliance to the standards and requirements stated in the document.
Whether it’s sustainability, circulatory, or short-term, simply setting goals makes a huge difference. By having clear goals at hand, you can better map out your technology recycling vision and needs. You can also arrange your business needs to be able to set priorities. Depending on your company’s priorities, you can identify the goals you want to focus on first. Goals can be as direct as financial goals like reducing expenses from storage fees or recycling old IT equipment to generate money.
Although technology recycling generates ROI, it still comes with associated costs. Labor cost, transportation fees, and recycling equipment are just some of the basic costs of recycling. Responsible recycling and the critical process of recovering raw materials come with additional expenses as well. From managing requirements to safe disposal of hazardous waste, the cost of appropriate recycling can really add up. Consider the budget you can allot for the recycling without compromising your company’s financial position. If you want to work with professionals, you can consult with experts like E-waste to check the best options you can avail that are within your budget.
Impact to Business
Evaluate the possible effect of electronic recycling to your business. The most common is company reputation. Being committed to responsible recycling demonstrates organization value and commitment to the good of your community. This in return can lead to great opportunities such as potentially attracting reputable investors to invest in your company. At the end of the day, it is advisable to always outline the risks and gains of electronic recycling to your business before deciding what course of action to take. As you assess what actions to take, check the option that aligns well with your business goals and visions.