New Circular Economy Report helps organizations measure contribution to corporate sustainability goals when retiring end-of-use assets

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HPE Financial Services announced a new Circular Economy Report that provides IT and sustainability organizations with a tool to estimate and share the carbon, energy and landfill waste savings achieved by returning retired or end-of-use assets to HPE, for processing through HPE Technology Renewal Centers.

Based on deep material science and product manufacturing information, the Circular Economy Report shows a breakdown by category of the products that were refurbished, remarketed and reintroduced into the economy, as well and those materials that were put back into the economy as recycled materials. The report can be used by organizations when disclosing their indirect (Scope 3) greenhouse gas emissions to investor and customer-driven disclosures such as the CDP.

Additionally, HPE announced it has joined the Ellen McArthur Foundation’s CE 100 group – a pre-competitive innovation program established to enable organizations to develop new opportunities and realize their Circular Economy ambitions faster. It brings together enterprises, governments and cities, academic institutions, emerging innovators and affiliates in a unique multi-stakeholder platform.

“A Circular Economy commitment helps IT meet business and sustainability goals, while reducing the world’s growing e-waste problem”, said Irv Rothman, president and CEO of HPE Financial Services. “Our aspiration is to help customers think about their infrastructure in new ways, build strategies to extend and extract value from what they have, and use retired assets to help fund the transition to new infrastructure.”