JPMorgan Chase Teams Up With Good360 To Recycle, Refurbish & Distribute Technology For Good
by Mark Boyer, 07/13/12
JPMorgan Chase has teamed up with Good360 to launch Tech Warehouse, a new program that will distribute refurbished computers to nonprofit organizations and schools. The program not only puts valuable technology in the hands of those who need it most, but it will also promote the reuse of old machines, instead of sending them to the landfill. Under the partnership, JPMorgan Chase will replace the hard drives in more than 3,000 of its computers and distribute the old ones with Good360?s network of charities.
Good360 (previously known as Gifts In Kind International) is one of the largest charities in the country, and it runs an online donation marketplace. Companies of all sizes donate consumer products, and Good360 helps to channel those products to more than 22,000 community charities around the world. Since it was first formed, Good360 has distributed more than $7 billion in product donations.
As JPMorgan Chase replaces older computers at its offices, it will donate those old computers for Good360 to share with its network of nonprofits and schools. ?As part of the zero-waste initiative that they?re trying to implement within their corporation they decided to refurbish these computers,? explains Kelly McSween, Good360?s senior director of corporate initiatives. ?They shred all of the hard drives, and so we put brand-new hard drives into the computers, and they prevent them from going to the landfill by donating them to charities and nonprofits and schools across the country.
According to McSween there are four reasons why a corporation like JPMorgan Chase would want to participate in a program like the Tech Warehouse. First, updating the company?s technology periodically helps it to maintain a high level of security. By donating the old computers, JPMorgan Chase can have a positive impact both on the community, because they go to schools and nonprofits, and on the environment, because they?re being reused.
?Since 2009, we?ve been able to redeploy almost 30 percent of the more than 250,000 desktops, laptops, monitors and printers collected ? avoiding costs and reducing our environmental impact,? said JP Morgan Chase Chief Information Officer Guy Chiarello in a statement. ?We are proud to develop Tech Warehouse with Good360 as a way to continue our work toward preserving the environment while providing useful technology for those in need.?