Businesses and consumers alike are increasingly looking to make sustainable purchase choices. But with data gaps across supply chains obscuring the footprint of products, how do you make an informed decision? Soon, this task might just become a lot less complicated, thanks to the Digital Product Passport (DPP).
The DPP is a tool to create transparency and unlock circularity proposed by the European Commission (EC) that will share product information across the entire value chain, including data on raw material extraction, production, recycling, etc.
As DDP will impact most companies in the coming years, WBCSD and BCG have assessed the implications of these new EU Regulations and launched a series of three publications about this topic:
- The overarching report “The EU Digital Product Passport shapes the future of value chains: What it is and how to prepare” summarizes the policy perspective and corporate guidance and illustrates what a potential DPP scenario could look like for actors along the electronics value chain.
- In “Enabling circularity through transparency: Introducing the EU Digital Product Passport,” WBCSD and BCG provide details about the regulation and current uncertainties, analyze the different options that could shape the regulation and identify key implications.
- To help companies achieve these benefits, WBCSD and BCG provide clear, actionable steps on how to prepare now as a company in “Navigating uncertainties of the EU Digital Product Passport: How to prepare now as a company”.