This year's Annual Sustainability Report marks a significant milestone in our journey at Renewtech. As we reflect on the past year, we recognize the transformative steps we've taken, particularly our strategic moves such as the acquisition of a leading Dutch IT company, which has expanded our capabilities in IT Asset Disposition (ITAD), maintenance, and repair services. This has enabled us to better serve our customers and solidify our commitment to sustainable IT solutions.
Our transition to the name 'Renewtech' reflects our evolving identity and our dedication to being a frontrunner in the European market for refurbished IT. Our business model focuses on the resale of refurbished IT equipment, ITAD services, and extending the lifespan of IT products, which drives our mission forward. This approach not only offers cost-effective solutions to our customers but also reduces the environmental impact of digital infrastructure, supporting a sustainable and circular economy.
A Year of Strategic Growth
Over the past year, Renewtech has served more than 18,000 customers across over 100 countries. Our core markets include Denmark, Germany, the Netherlands, France, Italy, Spain, Switzerland, and Poland, where we have dedicated sales managers and local webshops.
Our range of products and services now includes a vast stock of over 250,000 products available for rapid delivery across Europe. Additionally, our new Amsterdam division now offers specialized services in network equipment, ITAD processes, and maintenance and repair.
Our Market Focus and Business Model
Our market focus spans end users, service providers, resellers, and hosting services, encompassing private cloud providers and companies that need affordable and robust IT infrastructure solutions. Our business model revolves around the core principles of sustainability, service quality, and customer satisfaction.
This is evident in our comprehensive portfolio of refurbished servers, storage systems, and network products from top brands, maintained to the highest standards to ensure reliability and performance.
Environmental, Social, and Governance (ESG) Strategy
Our commitment to sustainability is embedded in every facet of our operations. Last year, we launched our comprehensive ESG strategy to establish a solid framework for responsible business conduct. This includes commitments to human rights, anti-bribery, corruption policies, and diversity, ensuring that we uphold high ethical standards across our business activities.
IT Asset Disposition and Circular Economy
In our Annual Sustainability Report 2023, you can also read about our ITAD process, which is designed with data security and environmental responsibility at its core. Adhering to the ISO 27001 standard, we ensure secure data deletion and strive to maximize the reuse of IT hardware. This reduces electronic waste and supports our clients in their sustainability efforts. In partnership with Stena Recycling, we also manage the recycling of components that cannot be reintroduced into the economy, thus conserving resources and minimizing waste.
Looking Ahead: Future Goals for Sustainability
As we look to the future, Renewtech is focused on enhancing our processes and innovating new ways to improve the sustainability of refurbished IT. By 2024, we aim to automate our ITAD service documentation process, enabling more accurate sustainability reporting for our clients. Additionally, our partnership with Aalborg University will expand our life cycle assessments to cover more product categories, helping us quantify and reduce the carbon footprint of the IT sector further.
Our slogan, "As sustainable as IT gets," continues to guide our efforts as we aim to lead the market in providing environmentally responsible IT solutions. We are excited about the opportunities ahead and are committed to continuing our work towards a more sustainable future.
Thank you for your continued support and trust in Renewtech. Together, we can make a significant impact on reducing the environmental footprint of the technology industry and contributing to a greener planet.
Read the full details in our complete Annual Sustainability Report 2023.
