Steps To Implement A Circular Business Model (Today)
Updated: Nov 16, 2020
To date, most companies have been treating sustainability efforts like a cell phone case—something added for protection (in this case, protection of the firm's reputation). Corporate leaders need to replace this mentality with an ambitious and differentiated strategy to see real financial dividends. While a sustainability-based program may deliver efficiencies and other operational improvements—maybe even some necessary for corporate survival—they will only boost long-term financial performance if it provides strategic differentiation from competitors.
Based on over 4000 businesses from 2012-2018, research found that firms are increasingly engaging in the same sorts of sustainability and governance activities—but failing to differentiate themselves strategically. Below are a few simple steps your team can take today to position your company as a leader in the Circular Economy.
1. INITIATE AN ASSET MANAGEMENT PLAN Reach out to our team to explore our beginning-to-end ATM lifecycle management solutions. These solutions can help your organization better manage your ATM assets on a continuous on-going basis. 2. PARTNER-UP FOR SUSTAINABILITY Form a partnership with your sustainability team and challenge them to ensure at least 75% of your retired assets go back “into the circle.” 3. MITIGATE E-WASTE Challenge your organization to a new approach focused on re-marketing, reuse, and reduced power consumption to decrease your total cost of ownership and unlock value for your organization. 4. MEASURE YOUR CONTRIBUTION Track and measure your ATM asset-upcycling opportunities to show their direct contribution to your organization’s overall sustainability goals.
WITHOUT THE FOUNDATION OF A STRONG PLAN IN PLACE NOW, IT MAY BE MORE CHALLENGING TO FIND SUCCESS DUE TO NEW MOUNTING PRESSURES.
Tellerex takes pride in our ability to create strategic initiatives that maximize our customers’ investments by putting equipment with value back into the world as a working asset for other customers.
If you'd like to learn more, subscribe to our blog or check out our Deep Dive Series on Sustainability. We’ll keep these sources regularly updated with tips and information to help you get the most out of your ATMs.
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Tellerex is committed to leveraging our knowledge and experience to reduce ATM expenses and accelerate their contribution to your bottom line. To learn more about our solutions, contact us by e-mail or visit us online.