Laboratory Surplus Experts

Reduce, Reuse, Refurbish

Lab asset and surplus management plays a crucial role in supporting Environmental, Social, and Governance (ESG) goals by optimizing resource utilization, minimizing waste, and promoting sustainability. Effective management ensures that laboratory assets are utilized to their fullest potential, reducing the need for new purchases and thus conserving resources. By responsibly managing surplus equipment and materials, laboratories can reduce their environmental footprint through recycling and repurposing, rather than contributing to landfills. This approach not only aligns with environmental stewardship but also demonstrates a commitment to social responsibility by potentially donating surplus items to educational or nonprofit organizations. Additionally, proper asset management enhances governance by ensuring compliance with regulations and standards, fostering transparency, and promoting ethical practices.

Lab & Facility Managers play a pivotal role in aligning lab asset and surplus management with ESG goals. One of the most effective strategies is to adopt the Reduce, Reuse, & Refurbish framework which not only helps save equipment from landfills but also offers financial saving & operational efficiency improvements. ALT has developed this framework and Surplus & Asset Management Strategy Template to assist lab and facilities managers with documenting a process to manage assets through their entire lifecycle from procurement to resale.

Download Surplus Strategy White Paper PDF & MS-Word Editable Surplus Strategy Template