Award-winning collaboration drives sustainability and environmental responsibility

Lombard, SCC and Rigby Capital collaboration win the AFC Environment Award 2024

In a remarkable achievement, Lombard, SCC, and Rigby Capital have been honoured with the AFC Environment Award 2024 at the Asset Finance Connect (AFC) Summer Awards. This recognition highlights their ground-breaking collaboration aimed at preventing over a million electronic devices from ending up in landfills over the next five years.

“It’s great to receive external recognition of our combined efforts to drive sustainability throughout our extended value proposition,” noted Simon Everidge, MD at Rigby Capital. “This award is testimony to the importance of this topic in our industry, and recognition of the progress we are making as a collaboration for the benefit of all our customers”.

Andrew Kilheeney, Managing Director of Lombard – Wholesale and Specialist Businesses, expressed his delight: ” Everyone at Lombard is delighted to receive this joint award. Our unique, industry leading, collaboration with Rigby Capital and SCC enables us to support UK businesses in achieving cost effective, climate focused IT solutions – delivering real value for our customers.”

Kilheeney emphasised that the award reflects Lombard’s broader commitment to sustainability and environmental stewardship, not just within their technology proposition but across their entire business.

The collaboration: A market-first solution

The collaboration between Lombard, Rigby Capital, and SCC introduces a market-first, end-to-end sustainable asset finance solution. It aims to prevent over a million electronic devices from becoming landfill over the next five years.

The ‘as-a-Service’ solution unlocks the circular economy, offering customers access to comprehensive technology services, from funding and installation of state-of-the-art hardware and software, in-life support and managed services, through to refresh, recycling and reuse of assets – enabling customers to improve the efficiency of their IT estate, whilst reducing the environmental impact involved in the refresh of technology.

Within the collaboration, each company has their own unique role:

• Lombard leads the customer relationship, structures the transactions, and makes it easier for businesses to access the finance they need to secure the assets that will help them to thrive. Lombard also provides the funding that underpins all the collaborations transactions.
• Rigby Capital delivers the in-life management, asset management and billing administration using specialist tools systems and processes designed 100% to work for IT funding.
• SCC provides a complete technology service package from device or technology supply and configuration through to asset-tagging, maintenance and in-life support, secure decommissioning and refurbishment/recycling via an all-inclusive monthly amount.

Ian Isaac, Managing Director of Lombard, encapsulated the collaboration’s mission: “This unique collaboration with Rigby Capital and SCC helps businesses access the technology they need while achieving sustainability goals. Over the next five years, we aim to prevent at least a million electronic devices from becoming landfill—a solution beneficial for people, businesses, and the planet.”

This award-winning collaboration stands as a testament to the power of strategic partnerships in driving sustainability and environmental responsibility within the technology and asset finance sectors.

Matt Dredger, General Manager Payment Solutions, at SCC noted that receiving the AFC Environment Award 2024 is “a great reinforcement of the mission of our collaboration to ensure as many units as possible do not reach landfill by helping our clients to enter the circular economy”.

To find out more visit Lombard Technology.