Covestro: Recognition as a key enabler for ci...
Covestro

Recognition as a key enabler for circularity

(Source: Covestro)
(Source: Covestro)

In a true circular economy, what is a polyester sweater today, could become a car seat tomorrow and a mattress in the future.
An innovation venture of Covestro, Niaga, 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 presents awards to relevant start-ups and small and medium sized enterprises (SMEs) with significant new solutions accelerating the circular economy.
The scannable Niaga tag enables users to see what a product is made of and how to return it after each use-cycle. Behind the tag there is a brand neutral DPP. This helps all parties in the value chain to keep valuable materials in the loop for future generations.
The DPP of the venture of Covestro AG, Leverkusen/Germany, DPP revolves around ingredient transparency – not just traceability. It 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.
Most systems today are linear, tracing only high-level data. Such systems lack crucial pieces of ingredient information needed to close the loop. Detailed ingredient knowledge is a must, if downcycling of valuable materials during recycling is to be avoided, whatever the product or industry: electronics, clothing or the building sector.
Winning the prestigious prize is the recognition of the Niaga DPP as a key enabler for circularity and underlines the importance of material stewardship, transparency and traceability in achieving a truly circular economy.  
 
Niaga = registered trademark

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