Product Stewardship: A Transformational Driver Influencing Product Design, Environmental Performance, and End of Life Management
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The rules of business have changed. The actors in the chain of commerce of products, and especially producers, are increasingly required to bear the environmental responsibility for their products, starting with raw materials and all the way through the end of life management. Anyone who works in the product economy, including the government agencies that oversee it, will encounter new business fundamentals.
As worldwide population and wealth continue to mushroom, the demand and supply of products follows, putting redoubled pressure on resources and environmental health. Product Stewardship (Extended Producer Responsibility) is one of the most effective transformational drivers to a sustainable economy. Benefiting from these expanding opportunities to supply demanding consumers will require adapting to changed expectations of responsibilities that come with success in business.
The workshop will explore two distinct dimensions of this transformation—extended responsibilities for:
- Environmental performance through regulations and green purchasing, and
- End-of-life management, both financially and physically.
- Participants will learn how these changes will impact business activities and opportunities in their organizations and how that will influence decision-making.
- Explore experiences and drivers of the leading product sectors, and what are likely future expansions into other sectors.
- Through individual and group exercises participants will apply the concepts and principles of product stewardship to their chosen sectors. What affect this revolution will have on your organization in business terms?