The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Legal & General Investment Management Commits to Reuse Office Equipment

Legal & General Investment Management Commits to Reuse Office Equipment
29 November 2022

LGIM Real Assets has partnered with ESG platform Globechain to exchange office furniture, IT equipment and appliances with other businesses.

Through the company’s B2B digital occupier engagement platform, Vizta, users can list items such as construction materials, office furniture, IT equipment or appliances to a Reuse Exchange database network of over 10,000 businesses and charities.

Globechain’s marketplace connects companies and individuals to redistribute unneeded items and uses machine learning to collect information about the items listed for exchange.  This allows the platform to generate ESG data which provides a transparent audit trail of where items have ended up, and the social impact of the reuse.

May Al-Karooni, CEO and Founder of Globechain, said: "We are excited to partner with LGIM and introduce the Reuse Exchange functionality to Vizta. Companies can reuse materials and assets, helping them reduce waste and carbon and improve their ESG data. The partnership enables LGIM and their occupiers to reach their sustainability objectives and make an impact within their local communities."


Supplier of the Year Award from British Land


In April 2022, Globechain, alongside KpH Group Ltd, picked up the Supplier of the Year award at British Land’s Supplier Excellence Awards.

KpH and Globechain distributed over 130 tonnes of strip-out materials from Exchange House in the City of London to local charities for reuse, including carpets, floor tiles, lights, kitchen units, blinds, doors and telecoms equipment.

Speaking at the time of the award win, KpH and Globechain commented: “It is important for us to work with like-minded businesses who recognise that to achieve their aspirations, it may not be the easiest route, it may not be the quickest nor the cheapest, but it will definitely be the most rewarding and the right thing to do, setting the standard for others to make similar socially responsible decisions.”

Picture: a photograph of an armchair in the middle of a quiet street. Image Credit:  LGIM Real Assets

Article written by Ella Tansley | Published 29 November 2022


Related Articles

ESG Pro Appoints Full Bin as UAE and MENA Partner 

ESG Pro Limited will partner with Full Bin in the United Arab Emirates and MENA region. Full Bin, known for its waste management and recycling services, will use its...

 Read Full Article
British Land to use SAAS Solution Throughout Retail Portfolio

PlanRadar has announced a new partnership with British Land, one of the UK’s largest property development and investment companies. From May 2021,...

 Read Full Article
A HELPFUL Hand To Recycle On The Canary Wharf Estate

The Canary Wharf Group has launched a new App that the Group expects to encourage widespread reuse and recycling across its estate. The company has partnered with...

 Read Full Article
Amber Luscombe Appointed as Oxygen’s First Head of ESG

Asset and investment management firm Oxygen has appointed its first Head of ESG. Amber Luscombe, who joined the development team at Oxygen in 2022, will ensure that...

 Read Full Article
Spotlight Interview – Sunita Gordon | SaferSpace

Sunita Gordon is the Co-Founder and CEO of SaferSpace, an app that allows employees to report unacceptable behaviour and harassment in the workplace...

 Read Full Article
Can Buildings be Ranked on Social Value?

A building certification that measures the social value of a building has been launched by Fitwel.   Watch the Video   >   Investors...

 Read Full Article
British Land and Royal London Form Joint Venture to Operate 1 Triton Square

British Land has sold 50 per cent of its stake in 1 Triton Square at Regents Place to Royal London Asset Management Property. The companies have formed a joint...

 Read Full Article
AJ Products Partners With WG Installations

Furniture and equipment supplier AJ Products has partnered with WG Installations to expand its current delivery and installation services. The new alliance means AJ...

 Read Full Article
Printworks Will Remain a ‘Cultural Destination’ for London, Says British Land

As part of its Canada Water Masterplan, British Land hopes to “reinstate a permanent cultural venue” at the Printworks building. The venue closed its doors...

 Read Full Article
Lighting Designer Expands Luminaire Refurbishment Initiative 

A UK-based lighting designer and manufacturer is extending its sustainability efforts by offering its “carbon careful” luminaire refurbishing service to other...

 Read Full Article