Four key capabilities for industry leaders
1. Traceability and accountability: Digital identification technologies, such as RFID tags, can track products throughout their lifecycle. This helps to ensure that waste is categorized and disposed of in accordance with best practices. Electronic items for example can be efficiently sorted for proper e-waste management.
2. Data-driven decision making: With digital identification, businesses can gather real-time data on waste generation and disposal. This data-driven approach allows greater opportunity for timely interventions, helping to ensure that waste management aligns with legislation.
3. Stakeholder engagement: Digital identification creates enhanced transparency. By sharing data on waste management practices, businesses can engage stakeholders, from consumers to regulators, helping to improve clarity.
4. Innovation and collaboration: The insights derived from digital identification better enable effective innovation. Businesses can pinpoint opportunities, leading to the development of more sustainable products and better waste management solutions. Moreover, a shared data ecosystem is essential to foster industry-wide collaborations.
The reality is businesses in every industry will need to embrace new technology solutions, including Digital Product Passports. With so much anticipated legislation in many jurisdictions relating to waste, the stakes are too high to ignore.
Download our guide on how Digital Product Passports are the gateway to fashion eco-law compliance.