The transition to a circular economy demands robust mechanisms for managing and exchanging product-level data. The newly released “Enhancing the Exchange of Product Circularity Data – Recommendations White Paper”, developed by WBCSD in collaboration with KPMG and Circularise, explores the landscape of circularity data practices, challenges, and opportunities to create consistent, credible, and comparable data exchange across industries.
This comprehensive white paper provides actionable insights from WBCSD’s Circularity Data Exchange (CDX) Scoping Phase. Key takeaways include:
- Regulatory and practical challenges: Analyzing key barriers such as data fragmentation, interoperability issues, and confidentiality concerns.
- A framework for harmonization: Building on methodologies like the Partnership for Carbon Transparency (PACT), the white paper explores ways to adapt proven strategies for circularity data.
- Next steps for scaling the exchange of circularity data: Highlighting the critical actions needed for robust product traceability, dynamic data models, and collaborative stakeholder frameworks.
This white paper aligns with broader WBCSD initiatives, such as the Global Circularity Protocol and the Circular Transition Indicators, supporting businesses in measuring circularity performance and scaling circular practices effectively. By acting as a data exchange enabler, the CDX project aims to operationalize these frameworks and accelerate circular practices across industries, helping businesses to meet regulatory demands, improve sustainability metrics, and foster innovation.
Download the white paper now to gain the full insights and recommendations to drive the exchange of circularity data and foster collaboration across value chains.