Foxway, a major player in the European secondary tech market, has received a perfect score in Nordic Capital’s 2024 Sustainability Review. The Swedish company, which trade-in and distributes used Apple iPhones and other devices, claims the result reflects its commitment to circularity, transparency, and carbon reduction. While the 100% score places Foxway at the top of Nordic Capital’s portfolio, it’s worth noting that Nordic Capital is also one of the company’s major shareholders. The glowing assessment could be seen as a case of the fox guarding the henhouse—especially in a sector where independent sustainability metrics matter.
Circular revenue and carbon cuts
According to Foxway, the score is backed by tangible results. Over the past year, the company increased its share of circular revenue and reduced its carbon intensity. It also set a clear roadmap toward its 2028 vision for more sustainable tech.
A signal to customers and partners
Foxway says the review is more than a pat on the back—it’s a message to clients that the company is serious about sustainable growth. The company positions itself not just as a refurbished device supplier, but as a long-term partner in ESG progress.
Looking ahead to long-term impact
Despite the accolade, Foxway says its focus remains on impact, not awards. "This score is a milestone," a company representative stated, "but our eyes are on real change—both for our customers and for the planet."
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