View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
September 1, 2021updated 02 Sep 2021 12:13pm

Two-thirds of European businesses lack an e-waste strategy: 3stepIT

By Alejandro Gonzalez

E-waste is expected to hit a massive 74m metric tonnes by 2030, and new research suggests European businesses and enterprises could be contributing to the problem. 

In a new study by 3stepIT, one of Europe’s leading technology lifecycle management providers, almost two-thirds of UK and European IT decision-makers (65%) say they do not have an environmentally sustainable process in place when it comes to disposing of IT devices.  

This is concerning, as 70% of businesses across the UK and mainland Europe confirmed that Covid-19 had prompted their organisation to accelerate digital transformation, to future proof against crises, like the pandemic. As a result, a quarter (26%) of these businesses now have more laptops that need to be disposed of.

This hints at a tidal wave of redundant IT potentially set to hit landfill, despite increasing pressure to act on climate change. There are growing calls for the business community to lead the way with sustainable solutions, accelerated by the recent IPCC report. 74% of respondents said they are now under pressure to become more sustainable.

Encouragingly, three-quarters (74%) of European businesses are concerned about the amount of e-waste they produce. A third (31%) also expect more pressure in the future to manage their business technology sustainably.

Carmen Ene, CEO at 3stepIT said: “There has never been a more critical point for businesses to ramp up action on sustainability. Yet too often valuable technology is needlessly ending up in landfill.

“To truly tackle climate change we need a change in attitude about how we buy, own and consume technology. This means looking at new models of ownership that drive down the cost to the environment and to business. The argument for a more circular model, in which devices are bought, used, and then repaired and re-used has never been stronger.”

E-waste: business challenges

As well as the need to be sustainable, the research shows businesses are also facing other challenges within their IT departments post-pandemic. 

While budgets have increased – a quarter of IT buyers (26%) saw budgets increase by 15-29%, and another quarter (25%) saw an increase of between 1-14% – so too has the pressure to prove the returns on this investment. 

Three quarters (74%) of IT decision-makers agreed that they are under increasing pressure to showcase the ROI of their purchasing decisions. 

At the same time, security and trackability of IT devices is a growing challenge, following the advent of hybrid and remote working:

  • A third (30%) of organisations have faced an increased security risk due to the greater number and mobility of devices now being managed. 
  • A quarter (25%) admitted to losing track of some devices due to the increased workload and number of devices being managed.

As a result, three-quarters of survey respondents (75%) are interested in financial solutions that deliver a lower total cost of ownership vs their current approach.

Ene continues: “The pandemic has created one of the most challenging business environments in our history – organisations are being asked to deliver huge digital transformation projects, improve security measures and deliver more business value with every investment, all while operating sustainably. Traditional models of cash ownership are no longer fit for purpose, and the leading companies are instead moving towards technology-as-a-service to ensure they can prove ROI, grow performance and answer critical sustainability goals.”

3stepIT appoints former TietoEVRY manager to global sustainability role

Turning the tide on a throwaway IT culture: an interview with 3stepIT CEO Carmen Ene

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Thursday. The leasing industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Leasing Life