Closing the Loop
Electronic waste, or e-waste, is a big and growing problem on a global scale. Closing the Loop has built the first 'closed loop' for mobile phones' life cycles. The firm purchases and collects disposed scrap mobile phones and their batteries in developing countries. In Europe, this 'waste' can be recycled, resulting in 95-99% of metals being re-used in production cycles. In addition, reusable phones are purchased in Europe and given a second life in developing countries. This 'loop' reduces e-waste streams to which an estimated 2 billion mobile phones contribute annually, due to their short life cycle, and limited recycling options.