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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

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