Following the launch of our Quadrent Green Lease in New Zealand earlier this year, we are pleased to announce that we can now offer this circular economy initiative in Australia.
According to the Australian Bureau of Statistics’ latest Waste Account, Australia disposes of 539,000 tonnes of e-waste in a year. The new financial product aims to reduce these figures, and make it easier for businesses to make a measurable and tangible difference.
Quadrent’s Green Lease enables large corporate and government organisations to fund their technology purchases such as laptops, mobile phones, screens, and other office items, via a lease. At the end of the lease term, they are passed back to Quadrent who responsibly recycle and repurpose the technology, as well as donate a portion of high-spec and high-quality tech devices to the young Australians in our communities that need them most.
“We’re helping large businesses disrupt the traditional supply chain, procurement and ownership models associated with technology, and simultaneously solve two of Australia’s most pressing problems: e-waste and digital inequality,” says Martyn Masterson, CEO at Quadrent.
Australia generates almost 22 kilograms of e-waste per person each year, well above the global average of about 7 kilograms, and the volume is forecast to increase 40% by 2030. Yet while many Australians take having access to use a laptop, a mobile phone and the internet for granted, 800,000 Australian kids are at risk of being digitally excluded.
“In the last few years, we have reshaped our core leasing services, which re-purpose and extend the life of assets and reduce the level of waste generated by up to 10 times. The launch of our Quadrent Green Lease is not only another step in our commitment to sustainability, but will help our customers measure their environmental impact and improve their social contribution,” continued Martyn.
“We’re giving large organisations a way to be at the forefront of innovation and digitisation while reducing e-waste and emissions, and helping vulnerable communities around Australia get online and take part in the digital economy.”
Green finance has become popular in the world of business, with some touting it as a way to incentivise lower carbon emissions. Improving sustainability is also priority for companies wanting to lower their own cost of capital by meeting ESG (environmental, social and governance) goals, or in an effort to appeal to employees and consumers who are becoming increasingly socially conscious.
We will be introducing our Quadrent Green Lease initiative at an exclusive ESG event, co-hosted with Deloitte Australia at their Sydney offices on Wednesday 30th November 2022. If you would like to attend, please get in touch for more details.
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