TXO Systems is proud to be a circular economy company. The concepts of the circular economy are gaining traction socially, politically and in business. The Ellen MacArthur Foundation, a leading authority on the circular economy, describes it as:
“…restorative and regenerative by design and aims to keep products, components and materials at their highest utility and value at all times.”
At TXO Systems we think this is a superb guiding principle for all that we do since our business model rests on finding re-use and recycling opportunities in the telco and related industries. For us the concepts of the circular economy in terms of product re-use were built into our business model from the start and we have not had to subsequently reverse engineer them in.
It is also a brilliant new way to think about reverse logistics because of the social and business benefits it can deliver. Large corporates such as British Telecom, Verizon, Sprint, Orange and Vodafone see huge potential in this approach and have become members of the CE100 network, which brings together leading organisations with the objective of innovating, developing and implementing circular economy opportunities.
Why is a circular economy important?
For a long time the world’s economy has been ‘Linear’. Simply meaning that we use raw materials, turn them into a product and dispose of them via traditional methods such as landfill or incineration.
As the global population has grown, countries have identified the negative environmental impact of having a single-use approach. The demands on natural resources have increased and competition for rare minerals has intensified. This has meant the linear process has become outdated and a transition to the circular economy has become a necessity.
As well as creating new opportunities for growth, a more circular economy will reduce waste, drive greater resource productivity, deliver a more competitive economy, and help reduce the environmental impacts of our production and consumption.
In what ways does TXO Systems operate as a circular economy company?
TXO Systems helps companies address their sustainability goals and take control of their resources. Our fully managed end-to-end asset recovery service ensures that our clients recover maximum residual value from their surplus or obsolete equipment – whether through resale, reuse or recycling. Equipment that cannot be reused by the client or resold to other end users is broken down into different WEEE and non-WEEE recycling streams, and any hazardous material is removed.
As a circular economy company we embrace WEEE (Waste Electrical and Electronic Equipment) recycling practices. We currently recycle over 98% of all materials recovered with the aim of achieving a zero waste target and every year our recycling activities keep over 2,400 tonnes of waste material out of landfill and back in commercial use.
Buying equipment from the secondary market, also known as the green market, is becoming increasingly popular due to the increasing awareness of sustainability. If you are interested in learning more, please get in touch or read our article on The Circular Economy and the Telecoms Industry.