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Asset Conversion with Purpose

OUR MISSION IS CLEAR

To provide innovative financial and industrial asset solutions to continue facilitating the transition from a linear to a circular economy. Aiming for increased monetization and decreased environmental impact.

The HG ESG Program Centers on

Three Main Drivers

Heritage Global Inc. and its subsidiaries, firmly uphold the highest standards of integrity and ethical behavior in its dealings with employees, clients, buyers, suppliers, shareholders and the public. In 2022, we collaborated with an independent third party firm to perform a comprehensive Environmental Social Governance (ESG) Materiality Assessment of our operations. As part of this assessment, our most pivotal ESG topics were identified as corporate governance, our role in the circular economy, and our commitment to supporting local communities.

Running a Responsible Business

Enabling the Circular Economy

Supporting Communities

Traditional “Linear Economy” has a one-way flow of resources from production to consumption, lacking any form of cyclical reuse or regeneration.
HG has been extending the life of second-hand assets since long before sustainability became mainstream. Our “Circular Economy” reflects our commitment to sustainability, as it works to repair and refurbish assets or put them into an auction loop that facilitates their reuse, repurposing, and recycling; thus keeping them out of landfills. The ethical practices across our supply chain, coupled with a minimized environmental impact, enable us to promote sustainability at every level.

Our Initial Years of Tracking

In 2021 & 2022, our initial years of tracking, we helped save over 9,500 metric tons of greenhouse gas emissions and 1,800 tons of waste to landfills or incineration.
On average, these account for ~20% of the total assets sold through HGP for 2021 & 2022 and through ALT for 2022.

Equivalencies based on EPA.gov 

9,500

Metric Tons of GHG

is aiding in the prevention of

an additional

470

Garbage Trucks of Waste

recycled instead of landfilled

an additional

3,287

Tons of Waste

recycled instead of landfilled

an additional

411,214

Trash Bags of Waste

recycled instead of landfilled

Our Impact

Clients

Clients reap the benefits of HG’s Industrial and Financial Asset divisions, which boast over 200 years of experience and data. We leverage our proprietary data to provide tailored solutions that deliver measurable outcomes for our clients. Many corporations are mindful of initial procurement costs, yet lack efficacy in end-of-life disposition and liquidation. Redeeming value from pre-owned assets is a wise financial move as the proceeds could be a considerable contribution to the organization. Our team remains dedicated to utmost transparency throughout every project, while abiding by data security protocols so our clients can trust that their assets will be managed ethically and sustainably. With a standard of excellence that has stood the test of time, we have assisted thousands of companies in overcoming difficult challenges with enduring success.

Buyers

For years, HG has been a go-to source for buyers seeking to access a vast array of specialized industrial and financial assets in an effective, often cost-efficient manner while decreasing their carbon footprint. Buying secondhand yields savings and shortens lead & delivery times. Holding auctions for reputable global corporations provides buyers with the ability to buy locally – resulting in more environmentally sound logistics solutions with positive ecological repercussions. Additionally, debt buyers have received bidding opportunities for distressed asset portfolios from some of the world’s top financial institutions and creditors. Our extensive expertise and dedication to excellence make us stand out from the crowd when it comes to providing top-notch solutions that meet our buyers’ needs.

Planet

The implementation of a reverse supply chain stands to offer numerous environmental benefits. By making good use of existing resources, the need for manufacturing new items is significantly diminished, leading to fewer items being sent to landfills. To ensure sustainability, it is essential to establish proper asset disposition processes such as reselling excess, obsolete assets and surplus goods. Transparency and trust are key in this process as they allow us to develop environmentally-friendly practices throughout the entire cycle. Such ethical practices contribute to short-term and long-term sustainability benefits while allowing us to act responsibly toward our planet and its future.

Looking Ahead

We are proud to be part of the global transition towards a circular economy. We’re excited to continue building upon our previous efforts in this area, and to report on our company’s contributions to the circular economy. As HG grows, we will evaluate these additional ESG reporting, metrics, and partnerships to maintain our commitment to sustainability.

Broaden our initiatives and contributions to provide assistance to our local communities
Perform a Client case study utilizing data on material, emissions, and cost savings
Provide all employees time off for a day of service to a local non-profit organization of their choice
Incorporate external stakeholder feedback in our ESG Materiality Assessment
Join an external organization to promote meeting ESG objectives