Rabobank works with Closing the Loop, making mobile phones circular

We have an intimate relationship with our phones. We sleep with them, eat with them and carry them in our pockets. We check them, on average, 47 times a day. Our phones are key for our performance. Every day we at Rabobank benefit from their capabilities. So why not also use these phones to create environmental and social benefits worldwide?

In a recent event Rabobank celebrated the new partnership with Closing the Loop. During this event Rabobank joined amongst others State secretary Stientje van Veldhoven in encouraging other enterprises to join in making sure we reduce e-waste and find means of expanding initiatives like Closing the Loop.

Making mobile phones circular

For every mobile phone Rabobank buys new for their employees, Closing the Loop will save one from e-waste dumps. One for One. The new devices we buy require materials and have a life cycle of 5-8 years, in total. This means that our new phones lead to increased scarcity of raw materials – and, at some point, e-waste. Closing the Loop transforms these negative footprints into positive footprints by collecting discarded phones in developing countries on behalf of Rabobank. Closing the Loop ensures that the devices are recycled responsibly. This way they prevent them from ending up in landfills and new value is created for discarded mobiles and their valuable metals.

Did you know that:

• E-waste (electronic waste) is the fastest growing waste stream in the world.

• 70% of all our re-used mobile phones eventually end up in developing countries where there is no responsible recycling infrastructure.

• Hundreds of millions of ‘waste phones’ end up in landfills or in illegal hands in Africa and Asia, leading to environmental pollution, loss of valuable raw materials and to health issues.