What is extended producer responsibility in SAP SUS-CE - Circular Economy?

SAP Term: extended producer responsibility

• Component: SUS-CE

• Component Name: Circular Economy

• Description: A policy approach under which producers are given a significant responsibility – financial and/or physical – for the treatment or disposal of post-consumer products.

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• Key Concepts: 
  Extended Producer Responsibility (EPR) is a concept in the Circular Economy (CE) module of SAP Sustainability and Compliance (SUS-CE). It is a policy approach in which producers are held responsible for the environmental impacts of their products throughout their entire life cycle, from production to disposal. This includes taking responsibility for the collection, reuse, recycling, and disposal of products and packaging. 
  
  How to use it: 
  EPR can be used to reduce waste and increase resource efficiency. Companies can use EPR to identify potential risks associated with their products and develop strategies to reduce those risks. Companies can also use EPR to track the environmental impacts of their products throughout their life cycle and develop strategies to reduce those impacts. 
  
  Tips & Tricks: 
  When implementing EPR, it is important to consider the full life cycle of a product, from production to disposal. Companies should also consider the potential risks associated with their products and develop strategies to reduce those risks. Additionally, companies should track the environmental impacts of their products throughout their life cycle and develop strategies to reduce those impacts. 
  
  Related Information: 
  The European Commission has developed a set of guidelines for implementing EPR in Europe. Additionally, the World Business Council for Sustainable Development has developed a set of principles for implementing EPR globally. These guidelines and principles can be used as a starting point when developing an EPR strategy.