ESG Today writes that Onepak, company founded in 2005, helped recover over 900 million kilograms of electronic devices from more than 200.000 customers, diverting these electronics from becoming e-waste. Thus, the company was able to repair, reuse and recycle used IT products.

According to the UN, e-waste management currently helps us prevent the release of around 93 billion kg of CO2 emissions globally. Of these emissions, 41 billion kilograms would come from powerful refrigerant gases, while the remaining 52 billion are saved by recycling obsolete devices, rather than mining fresh raw materials.

Steve Andon, Founder and CEO of Onepak, said that "e-waste is one of the fastest growing waste streams, globally, with only a fraction being reused or recycled properly. By leveraging an extensive logistics partner ecosystem on our frictionless technology platform, Onepak addresses the pain points that prevent devices from being redeployed or receiving proper end-of-life treatment."

This is the first investment made by Nuveen through its Nuveen Climate Inclusion Fund II, which reached the first closing in July this year.