TXO & the circular economy
Leading the way to a global circular economy
Here at TXO, we’re proud to be a circular economy company. Through our services, we greatly extend the lifetime of telecom equipment and help companies to address their sustainability goals.
The term “circular economy” has been gaining traction socially, politically and in business. At its core, a circular economy model is based on three principles: design out waste and pollution; keep products and materials in use; and regenerate natural systems. The Ellen MacArthur Foundation, a leading authority on the circular economy, describes it as:
“…restorative and regenerative by design and aims to keep products, components and materials at their highest utility and value at all times.”
We think this is a superb guiding principle for all that we do since our business model rests on finding repair, reuse and recycling opportunities for telecom related industries all over the world.
The concepts of the circular economy in terms of product re-use were built into our business model from the start and we have not had to subsequently reverse engineer them. We also think it’s a brilliant way to think about reverse logistics because of the social and business benefits it can deliver.
Large corporates such as British Telecom, Verizon, Sprint, Orange and Vodafone see huge potential in this approach and have become members of the CE100 network, which brings together leading organisations with the objective of innovating, developing and implementing circular economy opportunities.
Why is a circular economy important?
For a long time the world’s economy has been ‘Linear’. Simply meaning that we use raw materials, turn them into a product and dispose of them via traditional methods such as landfill or incineration.
As the global population has grown, countries have identified the negative environmental impact of having a single-use approach. The demands on natural resources have increased and competition for rare minerals has intensified. This has meant that the linear process has become outdated and a transition to the circular economy has become a necessity.
Ultimately, the circular economy is not purely a concept. It’s happening already and it makes good business sense. As well as creating new opportunities for growth, a more circular economy reduces waste, drives greater resource productivity, delivers a more competitive economy, and helps reduce the environmental impacts of production and consumption.
In what ways does TXO operate as a circular economy company?
Buying equipment from the secondary telecoms market is an increasingly popular route for anyone managing a telecom network. Here at TXO we are well stocked with quality used telecom network equipment at an affordable price point. It means that functional products stay in circulation and out of landfill, supporting current platforms and extending the life cycle of legacy systems.
The asset management services we provide ensure there is a thriving market for used network equipment and a sustainable alternative to buying brand new products. We support customers by cataloguing and managing their inventory. We de-install and collect obsolete equipment, refurbishing whenever possible for reuse. Where equipment cannot be refurbished, we ensure disposal according to the Waste Electrical and Electronic Equipment (WEEE) Directive.
As a circular economy company we embrace every opportunity to eliminate waste and support continual use of resources. Each year, well over half a million telecoms parts are sustainably acquired, redeployed, resold and recycled by our team. And our multi-vendor telecom repair service completes the circular economy loop.