How Repair, Don’t Waste can boost your organisation’s ESG reputation.
A subset of sustainability initiatives, the ESG (Environmental, Social and Governance) framework is booming in popularity around the globe – and can be the difference between a company surviving or thriving. For many, ESG was originally a distant dream, but with the realities of climate change becoming frighteningly apparent, compounded by the COVID-19 Pandemic, these indicators are now a very real destination to ensure the continuation and improvement of business as we know it. But what is ESG, and how can embracing a Repair, Don’t Waste mindset benefit sustainable growth in the industry?
ESG standards – when implemented effectively – are attractive to potential investors as they highlight the company’s commitment to actioning responsible corporate policies in relation to the environment, people and communities, and good stewardship of investments. The transparency that ESG discloses to investors is crucial in highlighting that your company is a viable long-term investment opportunity. Companies can secure their future by investing in ESG indexes by a variety of means – it is now clear that the sustainability imperative is transforming the very nature of global competition.
Investing in the Repair, Don’t Waste message adds value to each ESG indicator, proving to potential investors your commitment to operating in a sustainable, regenerative way. Regardless of industry – aerospace, rail, automotive, renewable energy – centring the repair of circuit boards using the correct tools and training as a way to fight obsolescence and E-waste, whilst also developing skilled employment opportunities, ensures that investments are used sustainably. With global ESG assets set to surpass 50 trillion dollars by 2025, now is the time to invest in your company’s sustainability potential.
Repair, Don’t Waste contributes to environmental responsibility by drastically reducing the amount of E-waste generated during product lifecycle. E-waste is a huge issue – more than 50 million metric tons are created per year – and has been identified by the UN Environment Programme as contributing to health and pollution impacts, alongside the loss of scarce and valuable raw materials. By repairing industrial printed circuit boards, companies can reduce emissions by 85% (compared to replacing with a new PCB) and ensure valuable resources are kept out of landfills.
The social benefits of investing in Repair, Don’t Waste are numerous. By implementing a system of in-house troubleshooting and repair, companies demonstrate their commitment to upskilling their engineers and technicians. With the highly comprehensive training that Repair, Don’t Waste and ABI Electronics provide and encourage, we ensure that these electronic repair heroes have desirable skills for life. Repair creates a wealth of sustainable professional development opportunities and is essential to building a circular economy. Repair, Don’t Waste are also involved in the education sector – we are working with universities to establish training courses in electronic sustainability, and we hope to see changes made across electronic engineering curriculums worldwide through these partnerships.
“By embracing Repair, Don’t Waste, companies can assure their customers and potential investors that their funds are being put towards sustainable practices. Our organisation is a worthy investment with numerous sustainability credentials and is bound to attract ESG-conscious shareholders. With Repair, Don’t Waste converts including bodies such as the Ministry of Defence, you can be assured that taxpayer’s money is being spent wisely and towards the worthwhile goal of sustainability.” Willian Santos, RDW Team Manager.
From the conception of the ESG framework in 2004 by UN Global Compact to the Paris Agreement which saw nearly 200 nations pledge to achieve net-zero emissions by 2050, it is clearer than ever that ESG is now a strategic imperative for all companies. Rather than using “greenwashing” to appear sustainable, we invite companies from all sectors to invest in Repair, Don’t Waste and join organisations such as Collins Aerospace, Alstom, and GE Renewable in experiencing the ESG benefits that a repair-first mindset can provide.