Extended Producer Responsibility (EPR) has emerged as a crucial part of the global push for sustainability and environmental responsibility. For businesses in India, navigating this evolving landscape can be both challenging and rewarding. As we move towards a circular economy, understanding the future of EPR is essential.
EPR is a policy approach that mandates producers to take responsibility for the entire lifecycle of their products, including collection, recycling, and disposal. This concept is not new but is gaining momentum worldwide, and India is gradually strengthening its regulations around it.
Looking at global examples, Europe and Japan have set benchmarks for EPR, with successful models in packaging, electronics, and batteries. But India is catching up fast. With the Plastic Waste Management Rules and e-waste management regulations tightening, Indian businesses must now adhere to stricter norms that require them to manage their waste responsibly. Companies are not only expected to comply but can also tap into opportunities by embracing EPR.
For businesses, adopting EPR isn’t just about compliance; it’s a chance to build a sustainable reputation, improve waste management, and even unlock new business models like product take-back schemes and recycling innovations. As the regulations evolve, companies must stay proactive, track international trends, and collaborate with waste management agencies to ensure they are prepared for the future. By doing so, they can not only meet legal requirements but also contribute significantly to building a circular economy that reduces waste and reuses resources efficiently.