RCBC raises $300M via sale of ‘sustainability’

Phoenix has established itself as a major market for cloud computing, and nearly every major hyperscale platform and wholesale data center developer has lined up land for future capacity in Greater Phoenix. The region is positioned for continued data center expansion, and the pace and location of that growth will be guided by deployment trends for large customers, especially regarding how they position their capacity and availability zones. This launches the Data Center Frontier Special Report series exploring the Phoenix market. 

What was considered as a good to have, is increasingly becoming a must have. And this rings true for organizations across the globe, especially as the conversation around topics such as sustainability, circular economy, and ESG metrices are gaining steam. Governments, environmental agencies, industry associations, among many others, are all moving to tackle this new reality of depleting resources, coupled with climate crisis, that we are faced with today. Everybody is thinking about it. Everybody is talking about it. Many are even doing something about it. What is missing, however, is bringing them all at the same table, says Dr. Trevor Thornton, a senior lecturer at Australia’s Deakin University. In an insightful conversation with Kamal Raj, who leads Solid Waste Management as part of the Green Initiatives team at Infosys, discussed with Thornton a range of topics from waste management, to circular economy. “It was Carl Sagan that said that waste is stuff that we are too stupid to use,” says Thornton, who believes that people across sections of the ecosystem, such as governments, businesses, industry associations and conservationists should work together to figure out how to actually manage waste better. “It was Carl Sagan that said that waste is stuff that we’re too stupid to use.” Thornton, who teaches at the Faculty of Science Engineering & Built Environment, School of Life & Environment Sciences, believes that at an organizational front some companies are looking at the aspect of circularity, and are realizing that this is the way of the future. “Some companies are saying that, yes, there is that environmental and social aspect of doing things. But they’re also realistic to know that there’s the economic benefits associated with it,” he says, adding that they are starting to use the principles of circular economy, and some are even entering…

Achieving carbon neutral goals requires the rapid decarbonisation, digitalisation, and decentralisation of our increasingly interconnected energy systems around the world. In light of the new possibilities offered by big-data-driven smart grid technological developments, most notably smart meters, the importance of engaging households in energy saving, shifting demand to off-peak time, and producing renewable electricity for their own use has attracted growing attention worldwide. However, existing government policies and economic incentives are not sufficient to foster household energy behavioural changes at scale. Socio-cultural factors, in particular public distrust in smart energy data, appear to be a key barrier that holds households back from adopting more environmentally friendly energy behaviours.