The Digital Product Passport Solution
To leverage the momentum towards a circular economy, promoted both by industry and regulators, digital tools for identification, tracing, and co-creation of information on products, components, materials, and substances are needed.
Utilizing the digital product passport approach would enable you to capture environmental and social sustainability data in a standardized, comparable format and enable all actors in the value and supply chain to work together towards a circular economy.
The iPoint Suite continues to add digital product passport building blocks enabling a holistic, "horizontal" approach to collecting, analyzing and reporting product and material data, helping you effectively manage some of the most important aspects of product management:
- Responsible sourcing
- Hazardous substances
- Recycled content
- Product carbon footprint throughout the value chain
- Product performance and durability
- Optimizing product 2nd life and beyond
The strategic role of Digital Product Passports
What is the Battery Passport?
The upcoming EU Battery regulation is an example of a circular economy-driven policy that works hand in hand with industrial innovation and creation of new business models.
Covering electric vehicle and industrial-scale batteries, the requirements proposed will cover responsibly sourced materials, restricted use of hazardous substances, minimum content of recycled materials, carbon footprint disclosure, as well as meeting collection and recycling targets.
The proposed regulation also mentions that ‘‘Battery Passport and interlinked data space will be key for safe data sharing, increasing transparency of the battery market and the traceability of large batteries throughout their life cycle. Furthermore, as one of the four flag-ship deliverables of the Global Battery Alliance, the battery passport is viewed as a ‘‘global solution for securely sharing information and data’’ to prove responsibility and sustainability to consumers with a ‘‘quality seal’’, while enabling resource efficiency across the battery life cycle.
Digital Product Passport applied to EV batteries
A digital product passport, applied to EV batteries, will provide the transparency with regards to practices and impact of a battery throughout its life cycle,– standardization and benchmarking for sustainable and responsible batteries, validation and traceability of information on sourcing, responsible processes, and sustainability across the entire value chain.
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