What's Happening?
A joint study by Oxford Saïd Business School, BIP UK, and Vantage Towers has revealed that circular design, digital asset intelligence, and supplier collaboration could unlock up to €30 million in annual value for TowerCos, companies that build and operate
telecommunications infrastructure. Vantage Towers, a leading European tower company, is exploring how circular economy principles can help decarbonize the sector and drive business value. The study suggests that circular interventions could deliver significant savings and reduce CO2 emissions, positioning TowerCos as leaders in compliance with new regulations. The study identifies strategic actions such as designing for disassembly, using lower-carbon materials, digitizing asset lifecycles, and activating supply chains to achieve these goals.
Why It's Important?
The findings highlight the potential for TowerCos to significantly reduce their environmental impact while enhancing their competitive advantage. By adopting circular economy principles, these companies can lower costs, improve sustainability, and comply with emerging regulations. This approach not only benefits the environment by reducing emissions but also offers financial incentives through cost savings and increased efficiency. The study's recommendations could serve as a blueprint for other industries seeking to balance economic growth with environmental responsibility. As the telecommunications sector continues to expand, sustainable practices will be crucial in mitigating climate risks and ensuring long-term viability.
What's Next?
TowerCos are expected to begin implementing the study's recommendations, focusing on modular design, material innovation, and digital integration. These changes will require collaboration with suppliers and investment in new technologies. The industry will likely see increased regulatory scrutiny, making early adoption of circular practices advantageous. Stakeholders, including investors and environmental groups, will be watching closely to assess the impact of these initiatives. Successful implementation could lead to broader adoption of circular economy principles across the telecommunications sector and beyond, setting a precedent for sustainable infrastructure development.
