As sustainability regulations increase in the EU and across the globe, Digital Product Passports powered by traceability data will be key to compliance. Digital product passports are required in the following regulations:
- Ecodesign for Sustainable Products Regulation (ESPR)
- EU Strategy for Sustainable Circular Textiles
- EU Battery Regulation
Companies can also leverage digital product passports as a means of complying with the following regulations as well:
- Corporate Sustainability Reporting Directive (CSRD)
- EU Deforestation-free Regulation (EUDR)
In the wake of these regulations, BanQu has officially launched a digital product passport solution to help companies get the data they need to comply. To learn more, schedule a quick call with our team.
"The developments around the Digital Product Passport are truly revolutionary! The DPP has the potential to, for the first time, connect people to where the products they are buying come from and who made them; hopefully increasing the value people attach to these products. Traceability to source underpins the data that make up the DPP." - Ingrid Beuzekom, Business Development Solutions Architect
“There’s a lot of chatter today about Digital Product Passports which is focused on consumer marketing. At BanQu our take on this trend is grounded in the reality that any meaningful DPP has to have the origin story - that of the cotton farmer and his/her farm or the factory where the workers got paid real wages or the artisanal miner that picked cobalt or waste pickers collecting PET all the way to your scarf, shoe, smartphone, and your recycled content t-shirt. That’s a real DPP and BanQu has authenticated millions of them since 2016.” - Ashish Gadnis, Co-founder & CEO
Banqu is a blockchain-based supply chain traceability solution that helps global brands get the data they need to multi-achieve their sustainability, sourcing, and compliance goals. Whether you need data to power your digital product passports, get a handle on supply chain risks, or avoid greenwashing your sustainability claims, BanQu has your back. Schedule a call to learn more!
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