By Chris Wellise, Hewlett Packard Enterprise (HPE)
A new report by the World Economic Forum found that the value of keeping things “within” our economy, rather than letting items pass “through” our economy could unlock a global growth potential of $4.5 trillion and also address the global challenges we’re faced with today, ranging from resource depletion to climate change.
HPE Financial Services announced a new Circular Economy Report that provides IT and sustainability organizations with a tool to quantity and share the energy, material, and landfill savings achieved by returning retired or end-of-use assets to HPE, for processing through HPE Technology Renewal Centers
There is an opportunity and imperative to invest in technology that will allow businesses to operate and thrive in a resource-constrained world and find new ways to manage the explosive demand for data by using far less space, materials, and energy
This year, the amount of worldwide e-waste is expected to be about 50 million tons. The world’s growing demand to gather and compute enormous amounts of data will continue to consume energy and materials at unprecedented rates, so this amount is likely to rise. At HPE, it’s a business imperative to create a Circular Economy that eliminates waste – and saves IT departments money.
Imagine turning a $25 loan into more than $21 million, impacting more than 1 million people globally, in just five years. No, this isn’t the latest Shark Tank pitch. It is the outcome of Hewlett Packard Company’s Matter to a Million employee-engagement program.
Applying the circular economy method is likely the right choice for your business—assuming you want to save money and help the planet. It involves developing IT consumption processes that reflect on corporate ethics and responsibility and enable a more sustainable business environment.