Australian B2B tech waste recycler Zolo has partnered with Zip Co as their electronic waste recycler
Zolo, an Australian company committed to balancing purpose and profit, has announced its partnership with Zip Co, to promote sustainability and reduce waste. This partnership has instigated a new approach in e-commerce where e-waste companies can assist brands to justify new technology investment by providing a rebate on old technology.
Zip Co is committed to harnessing the power of technology to cultivate a workforce that thrives in performance and productivity. Through this strategic partnership with Zolo, both companies have established a mutually beneficial arrangement. Zolo is able to offer Zip Co rebates for every piece of technology recycled, aligning with its market value. These rebates provide Zip Co with the opportunity to reinvest the funds in new technology and maximise the optimal return on investment (ROI).
Franz Siasat, Founder and CEO at Zolo said, “We are delighted to form a partnership with Zip Co, leveraging a dynamic and ever-evolving approach to technology. We have created a bridge between IT and sustainability teams to set the benchmark for sustainable IT procurement and help achieve their respective KPIs. Both of our teams understand the value of technology and how its past and future models can lead to a cohesive relationship between the environment and business growth.”
Zip Co is a multinational fintech enterprise specialising in the ‘buy now pay later’ industry, operating across Australia, New Zealand, and the United States of America. In the year 2022, Zip Co’s operational emissions on a global scale amounted to 10,503.4 tCO2e, primarily stemming from Scope 3 emissions. By collaborating with the renowned climate action authority, South Pole, Zip Co has earned official recognition as a Climate Neutral Company for both the fiscal years 2021 and 2022.
Through the implementation of sustainable and ethical practices, Zip Co’s sustainability team has enhanced their procedures. By utilising Zolo’s carbon neutral recycling services, Zip Co not only contributes to the preservation of the planet’s environment but also offsets emissions, ensuring a more environmentally responsible approach to technology disposal.
Jessie Goldie, Global Head of Corporate Social Responsibility & DEI at Zip Co said, “This partnership marks a significant milestone in our journey towards sustainability and responsible technology management. This collaboration allows us to take a proactive step in addressing our electronic waste footprint and empowers our IT team to take ownership of the technology recycling process, ensuring that we not only prioritise business growth but also uphold our commitment to ethical and sustainable practices.”
It is because of this partnership that Zip Co’s IT team has taken the first step towards ownership of their technology recycling process so they can continue to focus on their business growth and their values. Zip Co has become a champion in the race for control of their data security by providing their company with direct access to secure data destruction for the disposal of their technology.
This collaboration showcases how businesses can join forces to create a positive environmental impact. By working together and sharing resources, companies can develop sustainable solutions that benefit everyone.