In this section, we detail the distribution of costs related to Fundación ECOTIC’s primary mission during the financial year, which involves fulfilling obligations under the Extended Producer Responsibility for WEEE.

The entity achieved a result of €7,020, aligning with the budgetary objective of maintaining an operating result nearing zero, typical of a non-profit organisation.

Management of waste electrical and electronic equipment (WEEE), encompassing activities like transportation, collection, treatment, compensations to installers, distributors and local entities, remained the Foundation’s highest expense at 84.8%, closely mirroring the previous year’s 85%. Specifically analysing this aspect compared to 2022, there was a 15.8% increase, driven mainly by a 13.27% rise in collections and a slight 2.22% increase in management costs per tonne.

As for communication, it constituted 6.7% of the Foundation’s total expenses in 2023, up from 6% the previous year.

It is worth noting that when comparing this specific item to 2022, the figure has increased by 29.5%, primarily due to the allocation for ECOTIC’s Own Actions, which more than doubled compared to last year (216%), in line with our goal to raise awareness among people about proper recycling of electronic devices and their reuse.

The portion allocated to overhead costs has remained at a similar percentage, decreasing slightly from 7.6% in 2022 to 7.3% in 2023. This expense increased by 11.8% from 2022 as we temporarily strengthened the team in certain areas and invested in improving IT platforms and similar tools to enhance the service provided by ECOTIC.

Regarding other management costs, they decreased from 1.4% in 2022 to 1.2% in this financial year. The largest cost in this category is Credit Insurance, which has been reduced by 5% due to the Foundation’s low incidence of claims.

ECOTIC Administradora S.L. originated from an initiative by Fundación ECOTIC, which appointed it as its sole partner on 15 July 2021, although its business operations did not begin until 1 January 2022.

The establishment of this administrative entity forms part of an organisational restructuring within ECOTIC, aimed at enhancing operational synergies and improving management efficiency for producers associated with the Foundation.

Its primary mission is to provide services to entities managing extended producer responsibility systems, along with other stakeholders involved in these activities.

Additionally, this company is responsible for planning, organising, managing and financing waste management, overseeing these operations and providing maintenance. In the 2023 financial year, the entity achieved a positive result of €29,757, aligning well with its annual budget projections. Furthermore, the Fundación ECOTIC Board of Trustees unanimously agreed, in accordance with Article 24 of the Foundations Act 50/2002, to establish a new foundation named Fundación ECOTIC Clima.

This foundation commenced the authorisation process in early 2022, and after a rigorous procedure, the authorisation resolution was issued on 15 March 2024. This authorisation covers electronic devices in the categories of domestic air conditioning equipment and professional-use temperature exchange equipment.