Australian company, Zolo, has partnered with fintech enterprise and buy now pay later provider, Zip Co to promote sustainability and reduce waste by instigating 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.
Through this strategic partnership, both companies have established a mutually beneficial arrangement. Zolo can 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 return on investment (ROI).
Zolo founder and CEO, Franz Siasat 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.”
By utilising Zolo’s carbon neutral recycling services, Zip Co not only contributes to the preservation of the environment but also offsets emissions, ensuring a more environmentally responsible approach to technology disposal.
Zip Co global head of corporate social responsibility and diversity, equity and inclusion, Jessie Goldie commented, “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.”