Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Technology > Sustainable technology must be prioritised over enhancement: Re-focusing a wasteful tech culture
    Technology

    Sustainable technology must be prioritised over enhancement: Re-focusing a wasteful tech culture

    Sustainable technology must be prioritised over enhancement: Re-focusing a wasteful tech culture

    Published by linker 5

    Posted on September 24, 2020

    Featured image for article about Technology

    By Jo Barnard, Founder of Morrama

    The UN recently reported that as a global population we are throwing away £50bn worth of electrical waste every year, and with no sign of slowing up anytime soon. Alongside our collective environmental concerns of climate change, pollution, deforestation and biodiversity, our waste of electrical goods – or e-waste as it is becoming better known – is right up there as a real cause for concern.

    As a society, we have found ourselves locked in a repetitive cycle of technology and device ownership. Televisions, tablets, and mobile phones – arguably the largest cause of technological waste – are consistently replaced and removed from our lives with little thought for where the remains of products go. Mobile devices specifically are a guilty party here. Round and round we go, disposing of our phones and replacing them with a new and equally expensive model – with the fate of our old devices often unknown. Until now it has been hard to imagine a world where we know any different. However, there are ways in which we can impact positive change onto our technology habits and move away from this wasteful tech culture. Is the latest iPhone really more important than the future of the planet?

    One way to do this is by designing wasteful resources and materials out of the products themselves from the very first design stage. Waste by-products and pollution are a big issue for the technology industry and one of the key approaches for a more sustainable future is how to resolve and overcome this. The problem, though, is that the materials typically used in devices are currently high complexity and with few alternative options for such semi-precious materials.

    How could we, for example, transform our traditional consumer technology products and business models into something that complements a sustainable vision for the future? We should consider how mobile phones could be made upgradeable rather than replaced using innovative design solutions. By creating a three-part design model for a phone, consisting of: A back; internal systems; and the screen; we could create a system where each element of the phone becomes individually upgradable and isn’t reliant on the device as a whole. You could seek to upgrade your operating system when there is a new update available, while improved cameras could be swapped in with a different case colour or design, and screen replacements available with ease. Combining this with entirely sustainable and eco-friendly materials could provide a new outlook for the modern consumer and mobile network – one in which we do not find ourselves stuck in a repetitive and often overly costly contractual agreement.

    Jo Barnard

    Jo Barnard

    And what about Water? Approximately 2,000 gallons of ultrapure water is currently being used per 100 chips or semiconductors. This means we are wasting freshwater, which obviously could be put to much better use across the struggling societies of our world, and so instead we should look at reducing this amount and even recycling the water to avoid such unnecessary wastage of pure resources. Intel, which had previously reported it was using almost three billion gallons of water per year to create its products, are one company to have spearheaded such a necessary adjustment. Its $237million investment into water conservation projects since 1998 have moved the company back into a more positive light. They aim to return 100 percent of its water to communities for local use by 2025 – so it’s not beyond the realms of possibility to make this a standard across all technology sectors. It is broader business initiatives such as these that also work to improve brand reputation and recognition among customers, promoting these businesses as genuine leaders within sustainable innovation.

    One, very avoidable, area where we could easily cut back on waste lies in the launch phase of a product. So often we hear of faulty devices being recalled by companies due to flaws in their system design – the mass recalling of the Samsung Note 10 comes to mind – which ultimately leads to a colossal waste of resources as a result of the devices being returned. Also, there is the unnecessary pollution caused by transporting useless products back to suppliers. More attention therefore needs to be paid to carrying out proper testing before products are – often carelessly – sent out into the world only for 100,000s of these devices to be rendered totally useless and obsolete.

    It is important, however, to consider more than just the contribution of modern, handheld and shorter lifespan devices to e-waste. Smaller technology such as phones and tablets actually only account for 9% of the world’s total e-waste, with home technology such as irons, kettles and toasters (37%); fridges and freezers (22%); and televisions (14%) making up the larger portion of electrical waste. Their longer lifespan naturally makes them less harmful and damaging to the environment proportionally to the likes of computerised technology, but there is still a case to be made for how design can provide solutions to make our existing utilities upgradable rather than replaceable, similarly to smaller devices.

    That being said, it is important to consider the contributions technological waste makes towards damaging the planet as a collective, not just focus on the smaller scale. It is an issue not previously held as high in importance as the more common issues for our environment, but is one that should not be underestimated. Promoting sustainable design, production and removal of our devices and large-scale technology and appliances is something that should be prioritised ahead of any new technological enhancement. Controlling our wasteful tech consumption must come first.

    Related Posts
    Financial services: a human-centric approach to managing risk
    Financial services: a human-centric approach to managing risk
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    How Integral’s CTO Chidambaram Bhat is helping to solve  transfer pricing problems through cutting edge AI.
    How Integral’s CTO Chidambaram Bhat is helping to solve transfer pricing problems through cutting edge AI.
    Why Physical Infrastructure Still Matters in a Digital Economy
    Why Physical Infrastructure Still Matters in a Digital Economy

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Technology PostComputop Strengthens Partnership with Raiffeisen Bank International to Support Omnichannel Payments in Eastern Europe
    Next Technology PostAI reduces procurement fraud, error and abuse

    More from Technology

    Explore more articles in the Technology category

    Why Compliance Has Become an Engineering Problem

    Why Compliance Has Become an Engineering Problem

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    How Nclude.ai   turned broken portals into completed applications

    How Nclude.ai turned broken portals into completed applications

    The Silent Shift: Rethinking Services for a Digital World?

    The Silent Shift: Rethinking Services for a Digital World?

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    Why AI's Promise of Efficiency May Break Tomorrow's Workforce

    Why AI's Promise of Efficiency May Break Tomorrow's Workforce

    View All Technology Posts