Green Standards Gives a Second Life to Office Furnishings | Kanebridge News
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Green Standards Gives a Second Life to Office Furnishings

By Rob Csernyik
Fri, Jul 28, 2023 8:48amGrey Clock 4 min

When a company office needs a refresh, surplus items typically follow a straight line journey: out the door toward the landfill. Yet, much of this furniture and equipment could have a second life instead of being junked.

“It’s so critical with all the churn that’s happening at this moment in workplaces that we are thinking in a circular way about that journey,” says Green Standards CEO Trevor Langdon.

That’s where the Toronto-based global workplace decommissioning firm comes in. Green Standards acts as a project manager when companies upgrade or downsize, helping firms coordinate the process and the donation, sale, and disposal of items they no longer need.

The U.S. Environmental Protection Agency reports about 80% of furnishings end up in landfills, but Green Standards has diverted 98.6% of workplace goods away from landfills for its projects.

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Green Standards has always had a limited audience of early adopters, but Langdon, 37, says its approach is now considered the minimum standard.

“Tastes and attitudes have changed,” he says. Employees expect companies to follow through on their promises to be good corporate citizens, and not to abandon those standards on moving day.

Langdon witnessed these shifts firsthand during the past 11 years as he rose from a project coordinator position seeking charity partners for Green Standards to the CEO office. There’s been an acceleration in business since the start of the Covid-19 pandemic, not only because of its massive impact on corporate real estate portfolios but because it sped up discussions of the impact of climate change, he says. Now more companies than ever before, including more than 25% of Fortune 100 firms, are seeking his company’s services.

THE SERVICE

“We take on the scoping of the project,” Langdon says, which includes bidding for and managing the logistics companies that take everything down and vacate the spaces.

Green Standards also manages the disposition strategy and tracks the outcome for each item. “We take an inventory and then figure out what’s going to go where,” Langdon says. The value of each item is determined by considering its age, quality, and reuse potential.

The firm uses a process it calls “sustainable decommissioning” to determine the best solution for items. This includes recycling (with specialized recyclers offering preferred rates), selling (through a network of furniture brokers and buyers), or donating items. One of several proprietary elements of the process is the network of over 20,000 nonprofits that have opted in to receive furniture donations from Green Standards clients.

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Though Green Standards does 95% of its business in North America, it’s recently started taking on international projects and is now active in 35 countries.

THE PRICE

“On the whole, we’re pretty cost-competitive with the conventional approach of sending everything to the dump,” Langdon says. Regardless of how companies dispose of items when they downsize or move offices, removing thousands of pieces of furniture from buildings comes with costs.

“Nobody volunteers their time to come do that,” says Langdon. “Often in a typical project, US$1 to US$2 a square foot is pretty standard.”

The type of office building and its geographical location often dictates hard costs like labor. He notes that higher-than-average local labor costs or elements that complicate removing goods like minimal freight elevators or the need to work after hours so as not to disturb neighbouring companies can increase costs to US$3-US$4 per square foot.

The residual value of office items dictates the offsets. Though some projects are cost neutral for clients, others with newer, high-quality furniture can be profitable. Because companies update their offices more frequently today than in the past, furnishings can often be less than 10 years old, Langdon says.

WHAT’S THE GOOD

Besides diverting goods from landfill, Green Standards has helped corporations make nearly US$40 million worth of in-kind donations to nonprofits. “It’s not a little bit here or there,” Langdon says. The donations enable these organisations to put money toward their missions and programming, rather than using it to purchase furniture and other items.

Green Standards prepares a report for each company at the end of the process detailing the disposition strategies and impact created. Some clients integrate this information into their annual sustainability reports, he says. These figures help show the ripple effect of Green Standards’ approach.

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When decommissioning multiple corporate campuses across Michigan for automotive giant General Motors, Green Standards kept “7,000-plus tons of surplus furniture from landfill while making in-kind donations of more than US$1,000,000 to 102 non-profits,” according to a Green Standards case study. By recycling items instead of taking them to landfill, the company estimates General Motors avoided creating more than 30,000 metric tons of carbon dioxide emissions.

Meanwhile, in projects completed for Menlo Park, Calif.-headquartered software company Genesys, nearly 40% of items were donated to 25 nonprofits. In Genesys projects Green Standards oversaw in the Netherlands, Poland, and the U.K., the firm reached 100% landfill diversion rates.

WHAT’S NEXT

Aside from increasing its global presence, Langdon is looking at other areas of expansion. These include working with other types of companies, such as bank branches or clinical health offices. There are even possibilities, he says, to leverage the company’s technology to help clients track internal reuse of resources like furniture to re-deploy and extend lifecycles. Clients are “looking to us to help with that, which is really exciting,” he says.

The company is also having conversations with original equipment manufacturers who want to rethink how to improve product designs to account for their end-of-life reuse. Some products Green Standards encounters are made with multiple types of plastic, glass, metal, and other materials that make recycling challenging.

“Ten years down the road, we might see product that’s coming out of buildings that we had a bit of input into how to design for getting that out of the building effectively,” Langdon says.



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CBD and Visa Forge Exclusive Multi-Year Strategic Partnership to Boost Digital Payments in UAE

The agreement offers innovative and customer-centric solutions to CBD cardholders across all segments

Mon, Jul 8, 2024 3 min

Commercial Bank of Dubai (CBD), one of the leading banks in the United Arab Emirates, has announced an exclusive multi-year strategic partnership with Visa, a global leader in digital payments, for credit and debit cards. This partnership aims to enhance digital payment adoption in the UAE, offering innovative and customer-centric solutions to CBD cardholders across all segments.

The agreement was signed by Khaled Al Hammadi, General Manager of the Personal Banking Group at CBD, and Salima Gutieva, Visa’s Vice President and Country Manager for the UAE.

The signing ceremony was attended by Dr. Bernd van Linder, CEO of Commercial Bank of Dubai, and Andrew Torre, Visa’s Regional President for Central and Eastern Europe, the Middle East, and Africa.

Dr. Bernd van Linder, Chief Executive Officer, Commercial Bank of Dubai

As part of this partnership, CBD and Visa are also partnering to establish a ‘Centre of Excellence’ powered by Visa Consulting and Analytics (VCA), dedicated to accelerating and simplifying customer’s payment experiences. By leveraging core data assets and deriving insights, VCA will formulate actionable recommendations that aim to address business challenges and offer personalized solutions to customers. This collaborative approach will support CBD’s goals of market expansion, product design, customer acquisition, and engagement improvement, focusing on areas such as encouraging card usage through engaging and rewarding gamification, positioning CBD Visa cards as the top choice in digital wallets, enhancing cross-border transactions and payment speed, and expanding our footprint through strategic digital merchant collaborations.

Moreover, CBD and Visa are redefining the marketing landscape for the CBD card business through initiatives such as leveraging advanced technology to enhance digital customer onboarding experiences, sponsoring high-profile events like the Olympics, launching the Visa Instalment Solution in the UAE to introduce flexible payment options for our customers directly through Point-of-Sale (POS) machines, and offering comprehensive local and international benefits, focusing on the complete lifecycle of new and existing CBD Visa cardholders.

Dr. Bernd van Linder, Chief Executive Officer, Commercial Bank of Dubai, said, “We are excited to build on our partnership with Visa as we continue our mission in providing innovative and customer-centric payment solutions. The financial sector landscape is changing dramatically with technological disruption, emergence of new players, as well as constantly evolving customer expectations. Our collaboration with Visa will help us in developing new business models and providing more personalized customer offerings. At CBD, we are committed to playing a leading role in the digitization of the financial payments sector and introducing innovative financial solutions that meet our customers’ evolving needs and deliver seamless banking experiences.”

Khaled Al Hammadi, General Manager, Personal Banking Group at CBDfurther added, “We are proud of this extended and strategic partnership with Visa. With Visa’s global expertise and CBD’s dedication to meeting the needs of our customers, we aim to provide a more seamless payment solution, delivering a variety of competitive and innovative features, products, and offers that are data-driven and are based on customer feedback. This includes recognizing and rewarding our customers, enhancing their banking experience, and delivering tangible benefits.”

Salima Gutieva, Visa’s VP and Country Manager for UAE, said, “We are delighted to expand our partnership with CBD with this exclusive multi-year partnership for their credit and debit portfolio.  We will continue to work together to develop attractive products that deliver seamless, secure and rewarding experiences to the bank’s customers. CBD will be able to leverage Visa‘s industry-leading data and analytic capabilities to further drive innovation with personalized experiences for Visa cardholders. We also look forward to bringing value to local retailers and contribute to the UAE government’s efforts to grow the digital economy.”

 

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