target audience: TECH BUYER Publication date: Sep 2024 - Document type: IDC Perspective - Doc Document number: # AP51593624
Sustainability and the Circular Economy: Implications for Asia/Pacific Public Sector
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Abstract
This IDC report explores the current focus on sustainability and circularity by the public sector organizations in Asia/Pacific. This report, by taking a deep dive into the organizational readiness maturity, their spending priorities, and preferred attributes they look for in an external partner for sustainability solutions, makes it highly relevant for the key stakeholders of the public sector in defining their approach toward sustainability and circularity.
"Asia/Pacific governments recognize that sustainability and circular economy initiatives are crucial for long-term environmental and economic resilience. Rapid urbanization and industrial growth necessitate reducing resource consumption and waste. Governments must prioritize policies that incentivize sustainable practices, invest in green technologies, and foster collaboration to drive innovation, reduce environmental impact, and ensure resource efficiency," says Ravi Kant Sharma, research director, IDC Government Insights.
"Sustainability is increasingly becoming one of the topmost business priorities for the public sector. This focus is percolating down to the healthcare sector and the current effort increasingly spans around the adoption of renewable energy sources and wastewater management and single-use plastics. The near-future focus will be increasingly on integration of sustainability into hospital design and the adoption of circular economy model for medical devices, all embedded with emerging technologies," says Manoj Vallikkat, senior research manager, IDC Health Insights.