In October 2021, the U.K. government published its “Build Back Greener” strategy with the goal of tackling climate change by decarbonizing all sectors of the economy and meeting its net zero target by 2050.
Today, most businesses operate in a linear economy. We use materials to produce products and when we’re done using those products we discard them as waste – the “take, make, and waste” system.
In a circular economy, we keep materials and resources in circulation as long as possible, without producing any waste.
Fundamental principles in a circular economy:
The global supply chain has been stretched and disrupted like never before, putting a significant burden on shippers, manufacturers, retailers and consumers. Dealing with shortages of so many formerly abundant items has prompted many businesses to shift their focus to reusing merchandise and equipment.
As the Ever Given jammed the Suez Canal, disruption rippled across the supply chain and cargo owners scrambled to determine whether their goods were trapped in one of the containers. Shippers and receivers found it challenging to come up with an authoritative answer.
IT products are essential in most organizations, but they come with a complex supply chain that includes both social and environmental risks. If done right, purchasers can directly impact the environment and human health by procuring more sustainable IT products, and become the driving force for socially responsible manufacturing, safer alternatives to hazardous substances and circular procurement.
The concept behind a circular economy is simple: minimize waste by reusing, sharing and repairing goods that are already in use. That allows items to remain in the economic system, preventing the need for as many new products to be introduced.
This results in a closed loop. New resources aren’t being used, so energy is conserved.
With greater attention on sustainability and the direct need to meet climate goals, purchasers are looking for ways to change. One place to start is with the 170 million notebook computers produced and sold around the world every year. Rethinking an organization’s purchase and use of IT products like those notebooks can dramatically cut an organization’s carbon footprint – and save money - without affecting performance.