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2023 sustainable technology trends

by Renuka Raut | 26-01-2024 23:33 recommendations 0

2023 sustainable technology  trends 
Enterprises faced the rippling effects of the COVID-19 pandemic in 2022 running into challenges such as chip shortages, rising labor costs and supply chain delays.

2023 will bring businesses significant opportunities - especially for those that have integrated or are looking to position sustainability into their business model 

its predicted that by 2025 50%of CIOS will have performance metrics tied to the sustainability of their IT organization 

technology is a fundamental driver of sustainability for enterprises and their employees as the right technology can accelerate sustainability initiatives across an organization 

investing in sustainable technology allows enterprises to improve their financial performance and create greater operational resiliency - by optimizing energy costs and increasing asset utilization 

sustainable solutions drive efficiencies and protect resources sustainable technology increases the energy and material efficiency of IT services and enable enterprises sustainability through automation, traceability, analytics, and more.

Mobile IT assets are the top contributors to the carbon footprint mainly because devices are usually upgraded and replaced frequently in fact end-user devices-laptops, tablets, smartphones, and printers generate up to 2 times more carbon globally than data centers.

Enterprises can implement sustainable initiatives like device redeployment to conserve resources and to keep processes like issuing corporate owned devices to end users in effect 

Tech leaders can also utilize tools like mobile reCell's environmental impact reporting to help measure complex metrics. Automating reports drives efficiency and assesses an organizations carbon footprint continuously updating based on your program.


Tech-Enabled Products Support Customers Sustainability Goals:  
Sustainable technology is a framework of digital solutions that drive environmental, social and governance (ESG) outcomes 

  • companies that take the lead on environmental, social and governance (ESG) issues outperform their peers financially, generating up to 2.6 times more value 

  • Upon establishing ESG goals, enterprises often shift their strategies and utilize tech-enabled products to support customers sustainability goals. Below are examples of technologies that can contribute to each pillar of ESG

Environmental Technologies:
prevent, mitigate, and adapt to risk in the natural world 

  • 5G technology allows customers to achieve environmental goals, as its advanced cell towers can greatly reduce energy consumption and power. When in use, 5G devices use around 90% less energy than 4G devices.

Social Technologies:
Improve human rights outcomes, well-being, and prosperity 
  • industry cloud platforms support social goals as companies can customize them to meet desired outcomes. industry cloud platforms can improve accessibility 
Governance technologies: Strengthen business conduct and capacity building:
Internet of Things (IoT) devices support governance goals, as they automate industry tasks and can be programmed to communicate with intended parties—businesses, customers, and technicians—via sensor data. Industrial IoT devices use sensor data to monitor assembly lines and manufacturing processes in facilities.

Establishing ESG goals and initiatives comes with great benefits—such as asset optimization, cost reductions, increased productivity, and more. However, a big challenge enterprises face upon establishing ESG initiatives is a lack of quality data, which is likely due to not having reporting processes in place to monitor progress.

In fact, less than 25% of global IT companies can accurately report on the progress of their ESG initiatives. This lack of transparency makes it all too possible for companies to overstate their performance, make false or misleading claims, and provide little to no proof to back up their assertions. This is known as greenwashing and leads to confusion, doubt, lack of consumer trust, and even fraud

To address these concerns, new legislation is being passed in 2023, requiring companies in the United States, United Kingdom, the European Union, and Canada to publicly report on their carbon emissions and initiatives centered around reducing emissions.

By 2024, 75% of organizations will implement ESG data management and reporting software to ensure they have a reliable data source for their ESG initiatives, which is extremely important in the event of an ESG audit.

“The most sustainable device is the one already in your hand,” says Allyson Mitchell, Vice President of Sustainability at Mobile reCell. “By extending the usable life of enterprise devices, organizations can derive optimal utility. When it’s time to recover a device, transparency and traceability strategies can ensure an organization maintains the highest and best usage of the device’s component materials while eliminating waste and preventing additional resource extraction. That’s truly a win-win for companies and the planet.”

Reference:
https://mobilerecell.com/2023/01/2023-sustainable-technology-trends/
 

Renuka Raut

  • India Youth Renuka Raut
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