Rigby Capital partners with Lombard to prevent technology from going to landfill | microscope

Rigby Capital has formed a relationship with Lombard to help the finance specialist recycle its clients’ tech hardware.

The deal will see Rigby and its channel arm SCC help recycle laptops, mobile phones with the aim of preventing one million items from ending up in landfill over the next five years.

The channel broadcaster will offer Lombard a service-as-a-service option to customers who want to dispose of their legacy technology.

The service allows users to track how they dispose of their technology, both in terms of recycling or refurbishing in secondary markets, and offering options for equipment upgrades.

Lombard CEO Ian Isaacs said businesses across the board were dealing with sustainability goals and being able to use old technology in the circular economy would be a huge advantage.

Businesses today need to invest in up-to-date technologies to achieve sustainable growth, but are under pressure to reduce their carbon footprint, he said.

Through this unique partnership with Rigby Capital and the wider Rigby Group, we can not only help businesses access the technology they need, but also help them achieve their sustainability goals. He added: We believe that in the next five years, this solution will help prevent at least one million electronic devices such as mobile phones and laptops from being landfilled.

From the Rigby Group’s point of view, the link was seen as an opportunity to highlight the connection between finance and sustainability.

Simon Orridge, managing director of Rigby Capital, said IT asset financing is no longer just about financing, but about managing the entire life cycle of assets and especially end-of-life asset management.

Rigby Capital and the operational capabilities at SCC, with market-leading IT recycling facilities, can provide Lombard and its clients with complete IT asset management. He added that the circular economy and ESG demand for everyone in the supply chain, including customers, suppliers, financiers, asset managers and manufacturers, will only intensify in the next five years.

Last month it gave the industry a chance to highlight its recycling efforts with e-waste day, warning that far too many devices were still ending up in landfill.

A recent report by the Platform for Accelerating the Circular Economy (PACE) and the United Nations e-Waste Coalition states that approximately 50 million tons of e-waste are generated, with only 20 percent being formally recycled.

SCC has talked about its ESG efforts and has been planting trees and putting solar panels on the roof of its Birmingham data center to reduce energy consumption.

Rigby Group, SCC’s parent, has already publicly stated that it aims to be net zero by 2040.

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