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We're all progressing on our sustainability journey at different speeds, with increasing awareness and engagement—a necessity. However, the way we consume and live must change.
As awareness and the imperative for a sustainable society grow, so does the responsibility mandated by new sustainability laws and standards. Companies are increasingly held accountable for their products’ entire lifecycle and overall environmental and social impact. Key regulations, such as the Eco-design for Sustainable Products Regulation, Battery and Waste Battery Regulation, Corporate Sustainability Due Diligence Directive, and the Forced Labor Ban, are instrumental in implementing this accountability.
These regulations introduce requirements like digital product passports and battery passports, detailing sustainability metrics for each product. This enables consumers to make informed choices. Beyond providing information, these measures embed sustainability into the product’s design and sourcing phases.
Product Passports will include data on durability, reusability, upgradeability, repairability, substance content, maintenance possibilities, energy and resource efficiency, recycled content, remanufacturing, material recovery, carbon and environmental footprints, and waste generation expectations.
For batteries, there are also stipulations on the minimum amount of recycled critical material, encouraging designs that optimize material recovery and comply with the Critical Raw Material Act. Adding the due diligence aspects in the battery and CSDDD regulations and the forced labor ban, increase the responsibility on the companies with respect of the social aspects. Specific for batteries is included requirements on due diligence policies, periodic audits, and due diligence managements systems to be in place, to just name a few.
This increase in reporting and informational obligations also offers a strategic benefit. Companies should leverage this data to explore material reduction or substitution, cost savings, reduced transport, enhanced repairability, second-life options, durability, performance improvements, and human rights enhancements.
Understanding a product’s full environmental impact can inform efforts for the most significant long-term change. Companies can accurately showcase improvements to customers and investors, positioning themselves as relevant and responsible.
Knightecoffers strategic sustainability services, including environmental footprint calculations, emission reduction targets, sustainability reporting, education on upcoming legislation, and enhancing product circularity.
We assemble a dedicated team spanning Sustainability, E-mobility, and Cybersecurity to create tailored solutions for your needs.
Sustainability by Knightec
Our expertise lies in formulating sustainability strategies that enhance business and product circularity. We identify key impact areas, evaluate their effects, and prioritize actions throughout the development cycle, culminating in a strategic plan for a circular future.
We extend our gratitude to Lisa Asterkransfor her invaluable insights regarding Sustainable Lifestyle shifts. Should you wish to delve deeper into this topic or explore how Knightec can assist you, please don’t hesitate to contact us.
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