New technology solution supports saving over a million electronic devices from becoming landfill
SCC has been announced as part of a new collaboration supporting an as-a-service solution that aims to stop over a million electronic devices such as company mobile phones and laptops from becoming landfill over the next five years.
The collaboration between SCC; Rigby Capital, Rigby Group’s specialist technology financing company; and Lombard, the asset finance arm of NatWest Group, gives businesses access to an end-to-end technology solution that can improve the efficiency of their IT estate, while reducing the environmental impact involved in the disposal and refresh of their electronic devices.
Electronic waste is now the fastest growing waste source in the world and it’s a major problem for the environment. Each year, approximately 50 million tonnes of electronic and electrical waste (e-waste) are produced; only 20% is formally recycled. If nothing is done, the amount of waste will more than double by 2050, to 120 million tonnes annually.
This new collaboration aims to make it simpler for businesses to reduce their electronic waste and support the circular economy, with SCC committing to send zero waste to landfill.
SCC’s ‘as-a-Service’ solution will provide a complete service package from device or technology supply and configuration through to management, decommissioning and refurbishment via an all-inclusive monthly amount.
Rigby Capital will deliver the in-life management, asset management and billing administration using specialist tools systems and processes designed 100% to work for IT funding.
Through the collaboration, businesses will have access to an end-to-end solution; supporting them to invest in and install the hardware and software they need, manage the services they require, and be able to evidence how their electronic devices have been recycled and re-used at the end of their lifecycles, utilising well-established routes to secondary markets.
Additionally, businesses using this as-a-service solution to support their technology requirements can benefit from the flexibility and simplicity it provides under a single contract.
Dennis Badman, SCC UK CEO, commented: “This is an important new collaboration and SCC is thrilled to be a part of it, helping businesses to reduce their electronic waste and supporting the circular economy. Rigby Group has a target to achieve net zero by 2040 across all of its businesses, and this is the latest in a long line of initiatives that demonstrates SCC’s commitment to its environmental responsibility, throughout the IT lifecycle.”
Matt Dredger, Payment Solutions Lead at SCC, said:“We are delighted to support this collaboration, enabling businesses to achieve their ESG objectives. IT asset finance is no longer just about funding, it’s about full life cycle management of assets and particularly the management of end-of-life assets. SCC’s Device-as-a-Service offering provides just that, with additional benefits to the environment via the circular economy.”
Simon Everidge, Managing Director of Rigby Capital, added: “Rigby Capital and the operational capabilities in SCC, with its market-leading IT recycling facilities, can provide complete end-to-end management of IT assets for Lombard and its customers. The circular economy and ESG demands on everyone in the supply chain, including customers, suppliers, funders, asset managers and manufacturers, is only going to intensify in the next five years; we are delighted to collaborate with Lombard and jointly commit to helping support the ESG agenda.”