Sustainable finance in 2024: the purchasing strategies to follow

As 2024 begins, sustainable finance is emerging as a key player in the global economic transformation. As environmental and social issues continue to take center stage among global concerns, companies are increasingly encouraged to adopt responsible practices and to steer their portfolios toward sustainable initiatives. In this article, we explore the purchasing strategies to follow in 2024.

Definition and key principles of sustainable finance

Sustainable finance, also known as socially responsible investment (SRI) or responsible finance, is an approach to investment and purchasing that incorporates environmental, social and governance (ESG) criteria. The main goal of sustainable finance is to build the ecological and social transition into companies' economic decision-making.

The three main pillars of sustainable finance are:

• environmental criteria (E): this dimension covers companies' environmental practices (how a company manages its impact on nature, particularly in terms of energy consumption, greenhouse gas emissions, waste management and the sustainable use of natural resources).
• social criteria (S): social criteria focus on the social aspects of companies (workers' rights, diversity, business ethics, responsibility toward local communities, etc.).
• governance criteria (G): the governance dimension looks at how a company is directed, managed and controlled (governance structures, transparency, leadership ethics, control mechanisms, etc.).

The purchasing strategies to follow in 2024

In the context of sustainable finance, sound purchasing strategies can help companies:

• reduce their environmental impact by choosing more sustainable products and services.
• enhance their brand image by positioning themselves as responsible companies committed to sustainable development.

Here are a few examples of eco-responsible investments in furniture, industrial, technical and IT equipment.

Furniture

Responsible purchasing of furniture, such as repairable and refurbishable furniture, is a strategic approach to promoting sustainability within a company. It helps reduce the company's ecological footprint while encouraging more responsible resource management.

On this subject, for example, the concept behind Louis furniture is an interesting one. They design, engineer and manufacture wooden office furniture for committed companies, those that want to bring meaning back to their teams' work experience.

Industrial equipment

Responsible purchasing of industrial equipment, such as EV charging stations or photovoltaic installations, plays an essential role in promoting sustainability and sustainable investment within companies.

We regularly work on these topics with:

• Groupe Parera: among other goals, this company supports its clients in accelerating the growth of electric mobility and producing energy at lower cost.
• ‍Ingeteam: this company's ambition is to help its clients generate, transport, store and consume energy more efficiently and sustainably.

Technical equipment

Responsible purchasing of durable technical equipment is an important way for companies to reduce their environmental impact and contribute to sustainability. Technical equipment, used at events for example, can be a significant source of energy consumption and waste.

For all high-end event audio, we work with AMG Audio, a distributor of the L´ACOUSTICS brand, the industry leader in the design, manufacture and distribution of high-end sound reinforcement technologies (high-performing, robust, durable, eco-designed and repairable).

The case of IT equipment: buy or lease?

Choosing between responsible purchasing and IT equipment leasing is a crucial decision for sustainable investment within a company. Each approach has its own advantages and sustainability considerations. Leasetic, an IT leasing expert, can support you on this topic.

In addition, several major IT brands have committed to sustainability by producing more environmentally friendly hardware and adopting sustainable business practices.

• Apple has committed to reaching a net zero carbon footprint by 2030. The brand is working to reduce its emissions and increase the energy efficiency of its products. Apple also emphasizes the use of recycled materials in its products and has set up a product recycling program.
• Dell has also made sustainability commitments. The brand has set several environmental goals for 2030, including reusing or recycling an equivalent product for every Dell product sold and using more sustainable materials in its products.
• Lenovo aims to reduce its greenhouse gas emissions and increase the use of recycled materials in its products. The brand has also committed to improving the energy efficiency of its products and developing more eco-designed products.
• Framework is an IT brand that stands out for its commitment to the right to repair. All of the brand's products are designed to be easily repairable and upgradable. Framework also strives to make its products as sustainable as possible by using recycled materials and minimizing the use of plastics.

How Leasetic supports you

At Leasetic, we are convinced that ethical and responsible finance is the future, and we are proud to play a leading role in this transition.

We look forward to working with you and helping bring your project to life while protecting the environment.

Our expertise and methods make us a trusted partner for any company looking to meet the challenges of the 21st century. That is why we combine our financial expertise with our commitment to eco-responsibility to offer responsible, tailor-made financing solutions that contribute to a more sustainable future. We support companies throughout their projects, offer audits and can act as intermediaries between banks and our clients.

For your IT and industrial projects, Leasetic is here to help.