The Surging Momentum of Circular Economy in 2023: Insights from IT Sustainability Think Tank

  • Climate‌ Crisis: ⁢The‍ Age of IT Sustainability
  • By Carmen Ene

Released: 28 ⁣Nov 2023

In 2023, the environment crisis became an increasingly urgent reality with a growing impact on ‌our lives and world, with business emissions escalating as part of a global effort to decarbonize ⁤the economy.‌ Notably, IT ⁤sustainability and green tech options remained in the spotlight ‌as⁤ endpoint devices were identified as the major ⁢carbon offenders ‍in business, making the implementation of a sustainable tech strategy a regulatory requirement and a strategic imperative.

However, despite the recognized importance of technology ⁣in sustainability, a mere​ 7% of executives have‌ integrated it into ⁤their ESG strategies, painting a concerning picture for⁢ the future. In fact,‍ Gartner experts have warned that IT-related⁣ GHG emissions ‌will increase by 30% each year,‌ indicating a lack ⁣of progress in ⁤making sustainable IT a reality.

On a positive note, ​significant progress has been observed as organizations are beginning to apply practical solutions to help transition to the ⁤circular economy as part of their business operations. This was exemplified by ⁤the World Circular ​Economy Forum, where leaders explored ways to turn the‍ circular economy into a practical and financial advantage for businesses, catalyzing a shift from⁣ a linear to a circular economy.

Notably, the circular economy has‌ emerged as a key topic for influential organizations, reflecting a meaningful shift in ​the global conversation. The dialogue has evolved, with a⁤ greater focus ‌on practical application and finding solutions that work for businesses⁢ at all ⁢stages of their circularity journey.

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