‘…the Circular Electronics Partnership will create the necessary momentum to maximise resources, transform value chains and make the circular transition in electronics a reality.’
Leading electronics brands have joined forces with a number of global organisations to set out a roadmap committing to a circular economy for electronics by 2030. Collaborators include Cisco, Dell Technologies, Google and KPMG, along with the Responsible Business Alliance, World Business Council for Sustainable Development and the World Economic Forum.
This alliance, known as the global Circular Electronics Partnership (CEP) is said to mark the first time experts, business leaders and global organisations will co-design solutions around the issue of sustainable electronics.
The World Economic Forum said that e-waste is currently the world’s fastest growing waste stream, and only 17.4% of it is collected and recycled. The waste is valued at some $57 billion annually, which it is said offers a ‘unique opportunity for economic growth and resilience if handled correctly.’
In a statement the World Economic Forum said that ‘CEP’s vision will maximize the value of components, products and materials through their full lifecycles using fair and safe labour and depending on only circular resources.’ CEP actions will include defining circular electronic products and services, piloting material track and trace projects and providing commercial financing mechanisms for increased collection.
The group has also published an ‘action roadmap’ which focuses on different stages of the value chain to help businesses and partner organisations overcome barriers to circularity.
Dominic Waughray, Managing Director, World Economic Forum said; ‘The roadmap and vision set forth by the Circular Electronics Partnership will create the necessary momentum to maximise resources, transform value chains and make the circular transition in electronics a reality.’
The World Economic Forum said that CEP is an ongoing effort and is inviting parties interested in collaborating to get in touch.