Issue 12 2024, Acquisition International | 11 omnichannel, end-to-end returns management and logistics solutions for companies. As for those receiving these solutions, they are some of the world’s largest brands across a host of sectors. Since it operates in more than 80 countries, Reconomy’s distinction lies in its ability to offer solutions with global benefits and scale, underpinned by the local expertise of the individual, specialised brands it is responsible for. This is seen through its recently launched textiles EPR solution; an international, tech-enabled offering helping businesses comply with ERP regulations, this product benefits organisations by enabling them to accurately track and report the lifecycles of their textiles, from point of sale through to disposal. This is just the tip of the iceberg, and within the three aforementioned loops, Reconomy and its brands have recently carried out projects for such industry-leading names as Balfour Betty, Gourmet Burger Kitchen, McDonalds, and HP Latin America, to name just a few. These projects all represent the company’s high standards, driving a global impact whilst also hitting key compliance, sustainability, waste management, and recycling targets. As a result of companies like Reconomy, as well as a global increase in the championing of sustainable causes and a wider awareness about climate change, the industry around the business is continuing to grow. This is a great thing for the future of our planet, and it has allowed Reconomy to capitalise on this increased interest from businesses from across the world, affording them leading services and solutions to make traversing this ever-changing regulatory landscape as simple as possible. In order to succeed in this goal, Reconomy is spending the next few years investing heavily in technology, such as the cloud and AI. Between 2023 and 2026, the company is hoping to put upwards of £30m into digitising its operations, streamlining brand engagement, and working towards long-term risk management resilience. Having last year opened up RecoTek, its new technology hub and scaling centre in Romania, this commitment to accelerating development, improving continuously, and eradicating unnecessary cost remains clear. Against this backdrop of state-of-the-art technology, Reconomy’s commitment to sustainable means remains clear and central to its fostering of the circular economy model across as many businesses and industries as possible. The company’s sustainable initiatives are reflected across its EcoValdis Gold certification, as well as the approval it recently received from the Science Based Targets Initiative, this on the back of it having reduced its full-scope carbon intensity by just a fraction under 50%. Having already cemented its legacy as a beacon of trust and excellence when it comes to the global circular economy, Reconomy is a company that remains one step ahead of the curve, making it a worthy recipient of this title and a particularly bright spot in this programme. Company: Reconomy Contact: [email protected] Telephone: 0800 988 5618 Web address: https://www.reconomy.com/ Think Circular with Reconomy Driven by its vision of a more sustainable world where the circular approach reigns supreme in business environments, Reconomy strives to advance existing circular models by prioritising reusing, recycling, and redesigning across industry processes. These elements comprise the heart of Reconomy and are seen through the Reconomy Promise, which revolves around the four cornerstones of colleagues, customers, community, and the environment. On the back of this, the company today operates in more than 80 countries. Boasting more than 4,000 employees and 22,000 customers, Reconomy is already a leader in this space, and is continuing on its rapid growth trajectory. Delivering revenue in excess of more than £1.2bn last year, up considerably from the more than £490m it achieved in 2020, these results have been attained thanks to a robust acquisition strategy. Having completed four acquisitions this year alone – two of which have seen it enter into North America for the first time – this is a business continuing to build its global empire. Even as it goes from strength to strength, Reconomy remains organised around three what it calls ‘loops’ – Recycle, Comply, and Re-use. Recycle focuses on technology development, data, and expertise to help organisations reach zero waste; Comply is centred around seeing businesses through complex regulations; and Re-use delivers a series of Celebrating its 30th anniversary this year, Reconomy is an international specialist when it comes to the circular economy model. Empowering businesses by providing them with the means to improve their circularity, reduce waste, maximise resources and cut costs, all whilst repurposing materials, this is a business at the forefront of tackling global sustainability challenges, as well as accelerating growth and creating value across supply chains. For this, its team have been named as the Best International Circular Economy Specialists 2024.
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