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  • Writer's picturePCX

PCX Positioned for EPR Compliance

Rooted in its vision of a world where no plastic waste ends up in nature, Plastic Credit Exchange (PCX) makes intentional strides to support emerging legislation on Extended Producer Responsibility (EPR).

EPR is a policy approach where producers or importers take responsibility for managing plastic in their packaging and products to promote circularity. Included in the Philippines’ legislation towards EPR compliance is defining the types of packaging materials and EPR fees for each material to be paid by obliged companies.

“PCX has provided assistance with the ongoing drafted bills while continuing to create a mechanism for compliance to ensure that our work is positioned to help solve the country’s plastic pollution crisis.” said PCX Founder Nanette Medved-Po.

“We reference best practices in EPR systems globally as benchmarks for the work we do. The requirement that companies declare their annual audited plastic footprint, our third-party verification for transparency, and utilization of a blockchain-powered ledger to avoid double counting and additionality in credits are a few examples of how our Standards have evolved to ensure we deliver impact,” shared Medved-Po.

“To reach true circularity, we need everyone to take part. An EPR system is a step in the right direction,” shared Medved-Po.

Along with its assistance towards finalizing the EPR legislation for the Philippines, PCX has also inked partnerships with government agencies like the Department of Environment and Natural Resources, which formulates the rules and regulations of the bill, and the Department of Trade and Industry, which covers responsible consumerism and consumer protection among businesses

Visit this article on PCX's website here.


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