REfficient Inc.

Reuse marketplace for businesses

Hamilton, Ontario

Canada

www.REfficient.com

About REfficient Inc.

REfficient is an online marketplace where you can go shopping in other companies’ surplus inventory. When businesses are looking to buy equipment, they can check out REfficient.com first to see if another company has it as surplus, buy it and get it shipped directly to their door. By promoting reuse, customers save 20-50% off traditional buying sources and keep reusable product out of landfill and recycling.

Companies can also resell and recycle their surplus equipment through REfficient and get Go Green sustainability reporting, which gives metrics on waste diversion and carbon footprint estimations for their Corporate Responsibility reports. Currently REfficient.com handles Telecom, A/V, IT and Contractor equipment.

We became a B Corp so we could join a growing community of like-minded companies – those that believe there is a better way to do business – and get access to resources to further our REbillion mission. 

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The Change We Seek®

REfficient was started with the realization that a lot of perfectly good product was going to waste, even though there were other companies that could use it. Businesses lacked the knowledge of what to do with their surplus and the resources to manage it well.

REfficient was therefore launched to provide a better way -- help companies to save money, time and the environment by being efficient and effective with resources. Help them be “REfficient” and make informed choices that can be both good for business and good for the environment.

By providing practical tools for companies to reduce-reuse-recycle, REfficient has launched a goal for the community to reach REbillion – one billion pounds diverted from landfill by 2017.

 

 

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What makes us a better company?

B Impact Report

Certified since: 

October 2012
Summary:

Company Score

Median Score*

Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

44
7
Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

23
18
Customers

Customers

The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).

N/A
N/A
Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

18
17
Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

11
6
Overall B Score
97
55

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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Company Highlights: 

Workers: Provides career development guidance and annual performance feedback; Has a written code of ethics; Provides >26 days of paid time off

Community: Preference given to local and sustainable suppliers; 100% of company is owned by traditionally underrepresented populations; Quality product assurance policy

Environment: Engages other stakeholders to reduce environmental impact; Worked with landlord to implement energy efficiency improvements and waste reduction programs; Specific strategy designed to improve environmental performance; Monitors and records GHG emissions

2014 Best for the World Environment Honoree

Miscellany: 

Blogs

• REfficient Blog Go »

Press

• "Building a Business With Second-Hand Goods" in the Toronto Star Go » 
• "Lion's Lair: Hamilton Company Keeps Tech Waste Away from Landfills" in CBC Go »
• "One Firm's Telecom Trash Can Be Another's Treasure" in The Globe and Mail Go »

Social Media

• REfficient Facebook Go » 
• REfficient Twitter Go »