SOURCE: Keysight TechnologiesDESCRIPTION:
A circular economy is based on the principles of designing out waste and pollution, keeping products and materials in use, and regenerating natural systems.
It’s not just about waste management
A circular economy favors activities that preserve value in the form of energy, labor and materials. This means designing for long-lasting use, reuse, remanufacturing, and recycling to keep products, components, and materials circulating in the economy.
Keysight’s main contribution to a Circular Economy is assuring our solutions are designed and produced to support an extensive use phase, of up to 40 years active service; supported by our calibration, repair and remarketing services.
Relating our Business activities into the Circular Economy model
- MAINTAINING: Instruments must provide repeatable and accurate results throughout their lifetime. Periodic calibration services assure the quality of measurements are maintained year after year;
- REPAIRING: While products are designed for long term reliability, failures do occur. Repair services help minimize any instrument down-time and customer disruption. Equipment is supported for a minimum of five years after market withdrawal;
- REFURBISHING: Technology does not stand still, and enhancements and upgrades are made available to extend the useful life of equipment. When a newer piece of equipment is finally required, substantial trade-in discounts are offered to customers; providing a strong incentive to return equipment to Keysight. We have a dedicated business to refurbish equipment and offer the equipment for sale;
- RECYCLING: Equipment only enters the waste stream many decades after being placed on the market. Our contribution to the stream of waste electrical and electronic equipment (WEEE) is insignificant (<0.2% of all EU WEEE1). While return to Keysight is made available, most customers responsibly manage end of life equipment through their B2B waste processes.
Additional resources: Keysight Corporate Social Responsibility (CSR) website.
1 Eurostat: WEEE Data 2017 – Monitoring and Control percentage of all EEE placed on the market in 2017 was 1.93%. The Test and Measurement Coalition has estimated the total contribution for the Industrial Monitoring and Control sector to be 0.20%.
Tweet me: .@Keysight’s contributions to a #CircularEconomy include assuring its solutions are designed and produced to support an extensive use phase, of up to 40 years active service: https://bit.ly/2XEiqhm
KEYWORDS: Keysight Technologies, NYSE:KEYS