The Magic Roundabout

The pressure on companies to operate in a climate-neutral manner and advance their contribution to the circular economy is multifaceted. Heightened environmental awareness and the sustainability of products are playing an increasingly important role.

It is well documented that the earth’s capacity to provide and replenish its natural resources has been abated by a consumable demand mindset that’s driven a take, make, and waste, attitude to the production, consumption and disposal of goods. This in turn has fabricated high levels of emissions?and other environmental challenges that increase business risks and uncertainties.

The idea of the circular economy has growing adherents as the fight against climate change has intensified. It is also highly captivating, as unlike other ideas, it arguably only requires a rudimentary shift in the way companies economically organise.

Companies can ‘basically’ continue as usual, however, there needs to be a change in how we acquire, process and waste materials. The trend toward greater sustainability, for example through reuse and repair, has been prevalent in the consumer sector and now B2B (business to business) companies are increasingly taking an important step toward the circular economy, by designing products to be reused, repaired, refurbished, and recycled for as long as possible, to extend their usage before they finally reach the end of their lifecycle.

The circular economy not only helps companies to operate more sustainably, it also reduces the threat to the environment, increases security of supply and has a positive impact on our climate.

For many companies, the transformation towards more sustainability and climate neutrality also has financial reasons.

With sustainability high on?boardroom agendas, many CTO’s are considering revamping their procurement strategies to align with the principles of the circular economy. However decisions are often procrastinated by their concerns on the impact that such a strategy shift will have on?IT lifecycle costs and company productivity.

The good news is that such impacts can be mitigated through responsibly procuring IT equipment that has been designed to enjoy an extended lifecycle i.e. can easily be repaired, supported and upgraded for at least 5 years, and / or?by sourcing reuse and remanufactured equipment.

Furthermore, mitigation can be greatly enhanced by ensuring you have an environmental service partner who can responsibly derive additional value for your company i.e., by effectively managing the recycle, ideally reuse, of your IT equipment that you deem to have come to the end of its useful life. It’s highly probable that such equipment will be suitable for reuse in other companies and can be refurbished or remanufactured to extend its lifecycle, and to meet the requirements of those companies, thus continuing to bring value while contributing to the circular economy.

One Day or Day One , it’s your choice!