Each person generates 12 Olympic medals of e-waste each year
Great Britain’s medal count equivalates to recycling 1.4 million laptops
All medals at the 2020 Tokyo Olympicswere made from recycled electronic waste, including discarded smartphones, digital cameras and other handheld games and laptops. The recycling campaign produced 32 kg of gold, 3,490kg of silver and 2,200kg of bronze from the thousands of tonnes of e-waste collected.
As the Olympics concluded on Sunday evening and the final medal totals were revealed, IT Specialists Stone Group, discovered that it took over 20,000 tonnes of e-waste to make the medals for the countries finishing in the top 10 positions, equivalent to almost 13 million laptops!
E-waste is currently one of the fastest growing waste streams in the world. In 2019, the world collectively generated 53.6 million metric tonnes of e-waste; but just 17.4% of this was formally and responsibly collected and recycled. A report from 2019 estimated global e-waste is worth £49bn ($62.5bn) annually.
By 2030, it is projected that upwards of 74 million tonnes of e-waste will be generated – nearly doubling the 2014 figure (44.4 million tonnes) in just 16 years.
Tim Westbrook, director of Stone Group, has previously called for a government intervention into the global e-waste crisis.
“The 2020 Tokyo Olympic medals have been a fantastic way to increase awareness of how electronic waste is blighting our planet.
While it’s good to see organisations choosing a more sustainable approach to IT hardware purchasing and disposal, it’s time for tech firms to take responsibility for their role in the creation of e-waste. We want to see manufacturers and resellers tell customers that they will take back and responsibly recycle any devices they sell to them.
Urgent action is needed to help combat the enormous e-waste challenge we face, with real direction from government’s across the world to cement the vital changes needed.”
75% of the materials in small old unwanted electricals can be recycled, such as precious materials like gold, silver, aluminium, and steel. Despite this, less than a fifth of scrap ends up recycled, leading to a slew of environmental and health problems as the electronic waste in question usually ends up dumped on landfills.
There are hopes that the Paris Games in 2024 will emulate the approach, taking the 2020 Tokyo Medal Project as an example. Los Angeles has already pledged that they plan on working towards sustainability, inclusiveness, and innovation.
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.