Companies whose products I use didn't do badly on the scale. Good to know that they have put up initiatives towards making their products greener (at least the life cycle of their products has seen some improvements). Very enlightening exercise I must say. Helpful for decision making options.
With the very useful Guide to Greener Electronics, it was interesting to know that the companies I buy my products ranked medium but with promising improvements. It was also interesting to know that an Indian company has ranked very high, which is an unknown brand to me and I think to all my fellow country men. In my country, people tend to underestimate the technological advances India has made and with this Guide it proves that they are also leaders in greening products.
The world is moving towards mainstreaming green strategies in business operations .Now than ever Smart cities and Internet of Things (IoT) has been mapped as the new opportunity in business economic content. In developed economies, companies are spending millions of dollars in their R&D to develop such devices which will include Smart Waste Bins.
Financial instruments such as the Green Bond were unheard of a couple of years back. Though its focus is in renewable energy, more need to be done so that those who are into recycling industries/Circular economy will benefit from it.
However many business are sceptical to embrace green strategies or adapt to green economy. Most of these businesses are major polluters of the same environment in which they derive their raw material from. Less is mentioned on how they are mitigating environmental strategies while they are reporting on their financial returns or focus.
The evidence of this can be seen through products developed. Eco-designed in the product life cycle is absent while plan obsolesce is common.
I belief the Paris Climate Change declarations will not only force companies to have a new paradigm shift into their product development strategies but help Government not to be lenient on those Companies polluting the environment.
Therefore most of the products sold in emerging economies such as East Africa and Africa as a whole originate from developed economies hence they miss the Green strategies ingredients in their business operations strategies. The same applies to even those which are manufactured locally.