Millions of tonnes of surplus technology is wasted every year however more efficient streaming technologies and other innovations are striving to make IT Asset disposal 100% reusable and recyclable.
As a reuse technology company our mission has never wavered. Device life-cycle management of mobile phones, tablets and computer equipment can make a massive difference to so many. We continually aim to do more with less, reducing the impact of on earth we all share, while expanding and redefining the possibilities ahead.
The challenges are complex but, the philosophy is simple; working together we can always achieve more. Today, our passions remain focused on the areas where we can make the biggest difference, reuse of resources.
Circle trading isn’t a new buzzword or marketing strategy, but a clear and refreshingly honest plan to improve global business practices for the sustainability of our planet. An ever-increasing band of high profile companies are championing the simple and yet intrinsically arduous task of designing out waste to ensure secure IT disposal.
To answer these questions the European Union and a group of researchers identified success stories of circular business models, to determine what factors enable these businesses to flourish. They were also able to glean from these examples a better sense of which sectors and products hold the most potential for circularity, how large this potential might be and what the broader economic impact could look like.
The limits of direct consumption
Whilst major strides have been made in improving resource efficiency and exploring new forms of energy, less thought has been given to systematically designing, out material leakage and IT disposal. However, the industry is changing and recognises that systems based on consumption rather than on the restorative use of non-renewable resources give rise to significant losses of value and negative effects all along the material chain.
So what is the circle economy?
A simple question, yet one that is difficult to answer. Indeed, a recent study from the CE Hub (Circular Economy Research) cites over 100 definitions of ‘Circular Economy’. These span from more ‘traditional’ ideas of recycling and waste management to a complete transformation of the global economy. For the NICER Programme, the circle economy is a system that is resilient, restorative and regenerative by design. An innovation framework and set of strategies that help us rethink and revaluate the value of our resources, materials, and products.
But what does that actually mean?
We need a radical re-think in how we use resources, how we design products and services, the business models used to provide those products and the systems required to keep products, materials and components in circulation at their highest value, for the longest period. This is the idea that lies at the heart of a circular economy.
Many governments, businesses and citizen groups have been inspired by this idea. We have embraced this concept and developed a new road map, and environmental business strategy to support the long-term reuse and regeneration of surplus IT.
EGO Technology aims to preserve and reuse surplus IT, reducing resource consumption, creating more jobs and promoting a different type of growth through reuse and recycling.