Melco Resorts Launches “Above & Beyond” Sustainability Strategy

Indian Institute of Technology (IIT) Madras is developing an innovative model to tackle electronic waste (e-waste) by linking stakeholders in the formal and informal economy. Called e-Source, it will be an exchange platform that will serve as an online marketplace for Waste Electrical and Electronic Equipment (WEEE) and facilitate a formal supply chain between various stakeholders (buyers and sellers). This initiative is being spearheaded by Indo-German Centre for Sustainability (IGCS). The IGCS team believes that the problem of e-waste could be resolved by connecting different buyers and sellers of used and waste electronic equipment and components without compromising their interests. The e-Source initiative aims to make WEEE as a key resource in the evolution of a circular economy by establishing traceability and recovery of post-consumer e-waste in the market.

UN agencies along with the World Economic Forum, the Global Environment Facility, and the World Business Council for Sustainable Development called for an overhaul of the current global electronics system this week in Davos, Switzerland. The world produces as much as 50 million metric tons of electronic and electrical waste annually — weighing more than all of the commercial airliners ever made, according to UN Environment. This waste is actually worth over $62.5 billion. Given that less than 20% of global e-waste is formally recycled, a new report from the Platform for Accelerating the Circular Economy (PACE) and the UN E-Waste Coalition proposes a circular e-waste economy. The report, A New Circular Vision for Electronics, Time for a Global Reboot, says it is time to reconsider e-waste, re-evaluate the electronics industry, and reboot the system for the benefit of industry, consumer, worker, health of humankind and the environment. “There is a lot of economic value in e-waste, particularly from such materials as gold, silver, copper, platinum and palladium, among others,” the report notes. In addition, it points out that there is 100 times more gold in a metric ton of smartphones than in a metric of gold ore. Last year, researchers discovered that extracting metals from e-waste costs 13 times less than mining ore. “The transition to a circular economy must take place in a way that benefits all stakeholders from the consumer to workers, government, businesses, entrepreneurs and society at large,” the report concludes. “There will be a need for mass collaboration, system changing ideas, new policy frameworks and new ways of doing business.” We are currently accepting submissions for the 2019 Environmental Leader Awards. Learn more and submit a project or product here. Design: Products designed for durability, reuse and safe recycling, substances of concern substituted out. Reintegration of manufacturing scrap: Scrap metal from manufacturing is re-introduced into new components.
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