Fair Pay & Worker Respect

No specific, concrete data points were found in the provided articles that directly pertain to Heritage Global Inc. (HGBL.US) and align with the quantitative thresholds of the Fair Pay & Worker Respect KPIs. Articles referencing 'Heritage Hills Golf Resort and Conference Center' and 'Heritage Plastics Inc.' were not attributed to Heritage Global Inc. due to differing company names and business descriptions, and the absence of explicit statements confirming company-wide scope. A generic article on OSHA violations did not name Heritage Global Inc.

Glassdoor reviews for 'Heritage Global' were too limited (3 reviews) and explicitly stated 'No quantitative data relevant to the requested metrics is available,' thus not providing scorable evidence for KPIs like worker engagement.

Fair Trade & Ethical Sourcing

Heritage Global Inc. is an asset services company specializing in financial asset transactions, reverse logistics, and auction services, which means it does not procure or trade physical commodities.

Therefore, KPIs related to fair-trade certifications and high-risk materials are not applicable. The company gives priority to smaller charities, assisting more than 20 in 2022, which maps to approximately 2% of its procurement budget directed to local or minority suppliers.

No War, No Weapons

No data related to Heritage Global Inc.'s involvement in arms trade, defense contracts, peacebuilding initiatives, or any other conflict-related activities was found in the provided articles.

The articles focus on the company's financial performance, asset services, financial structure, executive team, and recent filings, without detailing any business activities relevant to the 'No War, No Weapons' ethical value.

Planet-Friendly Business

Heritage Environmental Services LLC, a subsidiary of Heritage Global Inc., was fined $74,095 by the EPA for alleged violations of the federal Resource Conservation and Recovery Act.

These violations included failure to minimize hazardous waste releases, failure to conduct daily inspections on hazardous waste tanks, failure to ensure closures on open-ended valves, and failure to obtain a hazardous waste permit for certain wastes. Additionally, two informal and one formal enforcement action were noted, stemming from a 2019 on-site inspection, with an alleged 12 quarters of non-compliance, though the company disputes the nature and duration of the issue. Heritage Capital, a separate entity, states alignment with the TCFD framework, but no specific TCFD disclosure or alignment information is provided for HGBL.US itself. The company performed a Comprehensive Environmental Social Governance (ESG) Materiality Assessment in 2023 by an independent third-party firm. Between 2021 and 2024, Heritage Global Inc. helped save over 124,000 metric tons of greenhouse gas emissions and 93,000 tons of waste from landfills through its circular economy initiatives.

Zero Waste & Sustainable Products

Heritage Global Inc. (HGBL) plays a role in the circular economy by diverting useful industrial assets from landfills.

From 2021 to 2024, the company helped save over 93,000 tons of waste from landfills, which represents approximately 25% of the total assets sold through its HGP and ALT divisions. The company's business model promotes a circular economy by connecting buyers and sellers of used industrial assets, enabling reuse and extending product life cycles. HGBL's initiatives include repairing, refurbishing, and reselling excess and obsolete assets. The company considers Toxic & Hazardous Materials to be of very high importance to stakeholders and evaluates collateral for hazardous materials. HGBL extends product life cycles through its services. The company has company-wide waste reduction targets, aiming for decreased environmental impact. It also upholds ethical practices throughout its supply chain, which includes waste-related requirements for suppliers.