HPE Financial Services Announces Capabilities to Guide Customers Toward Circular Economy
December 13 2018 - 12:54PM
Today, HPE Financial Services (NYSE:HPE) 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.1
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.”
As companies leverage the power of connectivity and data to
generate business value, they are investing in expanding their IT
infrastructure to store and process exponentially more information.
There is an opportunity and imperative to invest in technology that
will allow businesses to operate and thrive in a
resource-constrained world and find new ways to manage the
explosive demand for data by using far less space, materials, and
energy; this is the Circular Economy.
A Circular Economy reimagines a take-make-dispose system to a
circular and regenerative economy. It considers the full product
lifecycle: from resource extraction, to product design and use –
all the way to end-of-use management to extend product and material
life and lower total cost of ownership. From a customer
perspective, key drivers for a Circular Economy approach are new
sources of business value and infrastructure efficiency. From a
sustainability perspective, the need to move to a Circular Economy
is driven by a consumption rate that is beyond the earth's ability
to replenish.
Applying Circular Economy principles to the IT industry drives a
more effective use of products and materials and enables businesses
to retire their IT assets in a secure, compliant, and
environmentally responsible manner. A recent HPE Financial Services
study2 showed that sustainability is critical, with 79 percent of
companies committing to an environmental sustainability strategy,
and 69 percent specifically having an IT sustainability strategy in
place. In addition, 48 percent of the companies surveyed are highly
regulated and must report on environmental impacts.
First-of-its-kind Circular Economy Report Helps IT
Measure Sustainability Impact
HPE’s new Circular Economy Report gives customers key
information to estimate IT’s contribution to their Sustainability
and Environmental Reporting (SER) requirements; it provides an
analysis of the re-use to recycling ratio, as well as estimates of
savings in energy, materials, greenhouse gas emissions and landfill
volume avoided, so customers can track progress toward goals. At
the same time, the report shows how through refurbishing and
recycling their retired IT products, customers can return value to
their business while helping to meet their sustainability
goals.
The report is part of the IT Asset Lifecycle
Solutions delivered by HPE Financial Services that
include:
- Asset Upcycling Services – By providing true
market value for resold equipment, Asset Upcycling Services can
maximize the value of end-of-use assets, providing money back that
customers can reinvest in other innovation projects. Asset
Upcycling Services also help protect stored data by providing data
overwriting and environmentally responsible removal and
recycling.
- Certified Pre-owned Products
– Companies can extend the life of legacy systems with tested,
certified, used IT equipment, including the entire current HPE
portfolio, from 18 months up to 25 years old. These products are
available to purchase, lease, or rent.
- Virtual Warehouse Services – Customers can
save costs and extend legacy system life by supporting their future
needs with their existing assets; they can store, update, or
redeploy decommissioned equipment from HPE’s centralized
warehousing facilities.
- Datacenter Consolidation Services – By renting
HPE’s pre-configured, customized systems, customers can ensure an
interruption-free transition during their data center relocation or
consolidation.
- Proof of Concept Enablement Services – HPE’s
pool of IT technology can be deployed and redeployed to demo a
design concept to OEMs and application vendors, or for extended
usage in a real business production environment.
HPE’s global expertise and understanding of the requirements and
options for safe recycling helps customers do the right thing,
while maximizing their IT investments by putting equipment with
value back into the world as a working asset for other customers.
HPE’s Technology Renewal Centers (TRCs) in Andover, Massachusetts
and Erskine, Scotland help extend the life of technology whenever
possible, and securely and responsibly recycle materials where
appropriate. In 2018, HPE Technology Renewal Centers processed over
4 million units, including HPE and non-HPE equipment. Of that, 89%
was refurbished and resold, and the rest was recycled in a secure
and environmentally responsible way.
The new Circular Economy Report is available to HPE Lease Return
customers and Asset Upcycling Services customers. More information
on HPE Financial Services capabilities to advance Circular Economy
is available at http://www.hpefs.co/CircularEconomy.
About Hewlett Packard EnterpriseHewlett Packard
Enterprise is a global technology leader focused on developing
intelligent solutions that allow customers to capture, analyze and
act upon data seamlessly from edge to cloud. HPE enables customers
to accelerate business outcomes by driving new business models,
creating new customer and employee experiences, and increasing
operational efficiency today and into the future.
Editorial contact:
Angela Chatzidimitriou,
HPEangela.chatzidimitriou@hpe.com
1 Information contained in the Circular Economy Report does not
replace the advice of an accountant, lawyer or other advisor, which
advice should be sought independently in order to determine how to
complete disclosure requirements.
2 HPE Financial Services Study – Circular Economy and the IT
Mindsets, 2018
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