Manufacturing in an Era of Digital Product Passports

The world has gone from 9.1% in circularity to 8.6% in 2020—meaning we are moving backwards. Going circular has the potential to open $4.5 trillion in value, according to the World Business Council’s Sustainable Development report. The European Union is taking steps to become more circular—and it could have an impact on manufacturing companies all around the globe.

Launched in late 2019, the European Green Deal is changing the European Union, with a set of proposals to make climate, energy, transport, and taxation policies for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels, and to become the first climate-neutral continent by 2050. It will do this with one third of the €1.8 trillion investment from the NextGenerationEU Recovery Plan, and the EU’s seven-year budget will finance the European Green Deal.

Has it made progress on ...