Circular Economy ESG
The circular economy is about reducing waste and keeping products and materials in use for as long as possible. As Ireland progresses its transition to a circular economy, an increasing number of product markets are being targeted by regulation such as take-back schemes for electrical items and batteries as well as the upcoming planned prohibition of disposable coffee cups.
For example, from 1 January 2023, 'major producers', which broadly means producers who supply 10 tonnes or more of packaging annually and have an annual turnover of more than €1 million, are required to become a member of Repak. These producers can no longer 'self-comply' under local authority oversight. In addition, a Deposit Return Scheme was recently launched for certain PET bottles, and aluminum and steel cans. As a first step, producers and retailers are required to register with Re-turn.
Navigating these new, dynamic areas of law can be complex. Our team is skilled at helping clients understand their obligations and experienced in providing effective advice on any required adaptations to the clients product life cycle.
We also work extensively with investors who want to understand the implications of current and upcoming circular economy legislation on their target markets and ESG objectives.