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BNP Paribas opens big circular IT centre with Nordic partner

BNP Paribas opens big circular IT centre with Nordic partner

BNP Paribas has opened a new technology refurbishment and remarketing centre in Buchelay, Yvelines, France, reinforcing its commitment to helping to address the growing challenge of electronic waste in Europe.

The circular IT move covers laptops, desktops, mobile phones, tablets, and servers.

Located 45 minutes from Paris, the centre is operated by BNP Paribas 3 Step IT, a joint venture launched in 2019 between the professional equipment financing subsidiary of BNP Paribas, BNP Paribas Leasing Solutions, and the Finnish company 3stepIT, a Nordic leader in circular technology services.

The centre is equipped to process and prepare for remarketing or responsible recycling more than 400,000 IT devices at full capacity, with an initial target of 100,000 devices processed by the end of 2025.

With the centre, BNP Paribas 3 Step IT allows the bank to provide more efficient and sustainable IT lifecycle management services to its clients across Europe, as well as to its own entities. The centre operates an IT Asset Disposition (ITAD) service where businesses can send their decommissioned IT equipment knowing it will be either refurbished or responsibly recycled, with data securely and fully erased.

Carmen Ene, CEO of BNP Paribas 3 Step IT, said: "The investment in this centre underscores BNP Paribas' commitment to advancing the circular economy in Europe, aligning with the European Union's ambitious goals to promote circularity and sustainable resource use. This also marks a significant milestone for BNP Paribas 3 Step IT, reinforcing our mission to help clients maximise the value of their technology while reducing electronic waste."

"This is a major step for BNP Paribas, strengthening its commitment to supporting clients in their transition to a more resource-efficient and low-carbon use of their IT assets. This centre also upholds a responsible employment policy, which values and supports people with disabilities, those in social reintegration, and older adults," added Neil Pein, CEO of BNP Paribas Leasing Solutions.