Happy Earth Day! At Vantage Financial, we recognize the importance of eco-friendly practices to better our environment, and we wanted to share a few ways that leasing and life cycle management practices can contribute to sustainability efforts.
Did you know that we generate around 40 million tons of electronic waste (e-waste) every year, which makes up 70% of our overall toxic waste? If you don't lease or properly dispose of your technology equipment yourself, you could be adding to the 85% of e-waste that ends up in our landfills and incinerators, releasing harmful toxins into the air.
Read on to learn how leasing promotes sustainability and eco-friendly practices!
Efficient Resource Utilization
Leasing encourages businesses to utilize equipment and technology more efficiently, while it's viable, reducing waste and unnecessary consumption.
Up-to-Date Technology Adoption
Leasing allows businesses to keep their equipment up-to-date with newer, more energy-efficient models at an affordable price. This promotes the simple adoption of eco-friendly technologies without large, upfront investments.
Reduced Environmental Impact of Obsolescence
Leasing mitigates the environmental impact of equipment obsolescence. Instead of holding onto outdated equipment or disposing of it improperly, leasing companies, like Vantage, handle the disposition with certified partners. This helps reduce electronic waste by reusing parts that are still viable, properly disposing of those that aren't, and promoting a circular economy approach.
Financial Flexibility for Sustainability Investments
Leasing provides businesses with financial flexibility, allowing them to invest in sustainability without tying up capital in depreciating assets. This enables companies to allocate resources towards eco-friendly initiatives such as renewable energy installations, energy-efficient infrastructure upgrades, or sustainable supply chain improvements.
These are just a few reasons why equipment leasing promotes eco-friendly practices. Vantage is proud to be helping companies with their sustainability efforts and we encourage everyone to learn more about how to make a more positive environmental impact!
If you are ready to get started on your sustainability efforts through leasing, Vantage is here to help with our tradeIT® program! We will properly dispose of your used equipment and offer you credit toward a new lease with us.
Learn more about our tradeIT® program here!
