NiagaÂ®, an innovation venture of Covestro, is the winner of the 2022 European Institute of Innovation and Technology (EIT) Community Circular Economy Prize in the Digital Products Passports (DPP) category. The EIT Circular Economy Community awards relevant start-ups and SMEs (small and medium sized enterprises) with significant new solutions accelerating the circular economy.
The DPP of the venture is a universal and interoperable platform that provides ingredient transparency about a product for all stakeholders across industries and across Europe. It provides factual, objective, measurable information on product ingredients, components, provenance, and attributes like CO2 footprint, recycled content, and recyclability.
â??Most systems today are linear, tracing only high-level data,â? said Sascha Bloemhoff, marketing director at Niaga and responsible for the DPP. â??Such systems lack crucial pieces of ingredient information needed to close the loop. Detailed ingredient knowledge is a must, if we want to avoid downcycling of valuable materials during recycling, whatever the product or industry: electronics, clothing or the building sector.â?
â??The DPP radiates circularity in every aspect, as do Niagaâ??s core activities. The DPP is under development and managed by an experienced and convincing team,â? said Martin Snijder, Circular Economy orchestrator at EIT Climate-KIC. â??The jury hopes the minimum transparency level of the Niaga DPP will become the standard in Europe.â?
â??In order to achieve a fully circular economy, we need to connect stakeholders and transport knowledge along the value chain, and support consumer trust and demand for more sustainable product offerings,â? said Lynette Chung, chief sustainability officer at Covestro. â??Itâ??s why weâ??re particularly proud of our innovation ventureâ??s DPP being recognized as a key enabler for a no-waste, circular economy. The DPP provides essential infrastructure for a sustainable future and is a viable solution that also protects usersâ?? IP sensitive information.â?
â??It is our mission to design out waste,â? said Sascha Bloemhoff. â??Our key learning in our journey has been that to make return, and with it, reuse, repair, refurbishment, and recycling possible we need the full disclosure of a productâ??s ingredient, material, and component information. Moving from theory to practice pointed us in the direction of our universal and interoperable product passport. Because our DPP revolves around ingredient transparencyâ??not just traceabilityâ??itâ??s a solution that helps to put valuable materials center stage. Because in a true circular economy what is a polyester sweater today, could become a car seat tomorrow and a mattress in the future."
For more information, visit: www.covestro.com
KEYWORDS: circular economy sustainability transparency and traceability
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