Outerwall CEO commits company to e-waste reduction at Clinton Global Initiative

Outerwall CEO Scott di Valerio committed his company to diverting at least two million pounds of electronic waste from landfills through expansion of its ecoATM kiosks Tuesday at the Clinton Global Initiative meeting in New York.

Outerwall CEO Scott Di Valerio committed his company to stop 2 million pounds of e-waste from reaching U.S. landfills using kiosk venture

Outerwall CEO Scott Di Valerio committed his company to stop 2 million pounds of e-waste from reaching U.S. landfills using kiosk venture

Outerwall CEO Scott di Valerio committed his company to diverting at least two million pounds of electronic waste from landfills through expansion of its ecoATM kiosks Tuesday at the Clinton Global Initiative meeting in New York.

A relatively new player in the Bellevue company’s line of kiosk-based services, ecoATMs are available in 1,100 locations in 44 states across the United States, but Valerio said Outerwall plans 6,000-10,000 machines to roll out in the U.S. over the next several years — the international market will be next.

“It was an unbelievable assembly,” Valerio said of the CGI meeting. “You’ve got a combination of business leaders, world leaders and people who are really just changing the the world.”

With its new commitment to the Clinton Global Initiative, Outerwall also will be held accountable for reaching its goal, and the coalition will track the company’s progress over the next three years.

“We would hope that we can exceed our commitment,” Valerio said.

Up to 25 percent of old-generation smartphones and tablet are recycled annually, which Valerio said is markedly low considering the high number of electronics purchased every year. He predicts there will soon be a spike in ecoATM use as more people buy up Apple’s new iPhone 6 and 6 Plus models. Apple reported more than 10 million of the new iPhones had been purchased since its Sept. 19 launch.

ecoATMs have not yet turned a profit, and Valerio said Outerwall anticipates breaking even by the first half of 2015. While Outerwall’s commitment to reducing e-waste is also a commitment to profiting on its own business venture, Valerio said finding revenue through sustainability practices is a model many businesses are wanting to capitalize on.

Outerwall keeps loose change in circulation with its Coinstar machines and recycles or redistributes old DVDs from its Redbox kiosks.

“It’s nice to be able to step up and really be able to make an impact on the environment,” Valerio said.

The company has also committed 1 percent of its previous year’s after-tax profits to charity since 2012, issuing $250,000 in general operating grants in the Seattle and Chicago this spring.

 


In consideration of how we voice our opinions in the modern world, we’ve closed comments on our websites. We value the opinions of our readers and we encourage you to keep the conversation going.

Please feel free to share your story tips by emailing editor@bellevuereporter.com.

To share your opinion for publication, submit a letter through our website https://www.bellevuereporter.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) We reserve the right to edit letters, but if you keep yours to 300 words or less, we won’t ask you to shorten it.

More in Business

Best of Bellevue 2021 winners have been announced.
Best of Bellevue 2021 winners

Categories range from shopping and restaurants to favorite elected officials.

The Moe Vegan food truck serves meals at the city of Kent’s annual Community Thanksgiving Dinner on Nov. 21, 2020. Sound Publishing file photo
King County fire marshals offer regulatory relief to food trucks

39 fire authorities have reportedly agreed to standardize fire codes and inspections.

Vote today at https://vote.bellevuereporter.com
Vote today for the Best of Bellevue

Our annual Best of Bellevue reader poll is one of the more… Continue reading

Sandwich selection at Tres Sandwich House (photo credit: Cameron Sheppard)
Bellevue’s Tres Sandwich House offers popular Japanese-style sandwiches

The shop is one of the only places to try the sandwiches outside of Japan.

Cash Cards Unlimited partners, left: Nick Nugwynne, right: Cassius Marsh (photo credit: Cash Cards Unlimited)
Former Seahawks player Cassius Marsh cashes in on trading cards

Marsh and his friend open physical and online trading card store as collectibles boom amid pandemic.

Teaser
First large-scale, human composting facility in the world will open in Auburn

“It’s what nature meant us to do. We just do it faster.”

Eastside Media Group General Manager William Shaw
Who is the best of Bellevue?

You can vote for your favorite local businesses starting on April 1.

Whole Foods grocery store entrance (Shutterstock)
King County considers grocery store worker hazard pay for those in unincorporated areas

The King County Metropolitan Council will vote during its next meeting on… Continue reading

(Unsplash photo)
Gambling company moves headquarters to Kirkland

Washington’s largest gambling employer says new HQ will create 50 jobs.

The bar at Whiskey by John Howie (Photo credit: Tiffaine Eck)
Bellevue venue will have one of state’s most extensive selections of whiskey

John Howie Howie and his partners have spent nearly a decade collecting, curating and crafting featured whiskey.

Screenshot
WA Democrats consider new tax on billionaires

Plan could raise $5 billion from fewer than 100 taxpayers. Detractors fear it could drive Washington’s wealthiest out of state.

Last summer, people took advantage of the outdoor dining along First Avenue between Gowe and Titus streets in downtown Kent. In Phase 2 of the governor’s reopening plan, which was announced Jan. 28, restaurants can reopen at a maximum 25% capacity and a limit of six people per table. Photo courtesy of Kent Downtown Partnership
Restaurant reprieve: State to relax some indoor restrictions

On Monday, area restaurants and certain entertainment venues may resume indoor service, the governor said.