The Philippines has made Extended Producer Responsibility (EPR) mandatory

The Philippine EPR Act of 2022 mandates Obligated Enterprises to recover their plastic packaging waste responsibly. This involves redesigning plastic packaging to enhance reusability, recovery, or recyclability. Additionally, it includes measures such as offsetting, redemption, or buy-back of plastic waste and contributing to the collection and transportation of recovered plastic waste to appropriate recycling sites. The law aims to reduce plastic pollution and promote a circular economy by holding manufacturers accountable.

The Philippine EPR Act of 2022 mandates producers to recover their product plastic packaging waste, promoting eco-friendly practices such as recycling to facilitate plastic recovery and foster a circular economy. It aims to minimize environmental harm by holding obligated enterprises responsible for the entire lifecycle of their goods, from production to disposal.

Plastic Bank supports companies in EPR compliance by empowering communities to collect and transport plastic to a recycling facility to be safe for audit purposes. Each plastic collection is recorded using its blockchain-supported platform, ensuring a verified plastic collection journey from collection branches to processors and providing incentives for communities. This innovative system promotes a sustainable approach to waste management, addressing environmental issues while advancing social welfare and economic growth.

Obligated enterprises (OEs) violating the EPR Act of 2022 would be fined P5 million to P20 million (USD 90,000 – 181,000) and face the automatic suspension of their business permits on the third offence.

Large enterprises that generate plastic packaging waste involved in manufacturing importing, selling, distributing, and using products covered by EPR laws must comply in the Philippines.

By the end of 2023, companies need to demonstrate recovery and diversion of 20 percent of their 2022 plastic packaging footprint, 40 percent by 2024, with a 10 percent annual increase up to 80 percent by 2028 and onwards.

• Verified plastic collection and recycling solution
  Its blockchain platform allows tracking of the plastic collection and recycling journey from collection branches to processors, ensuring verified data for audits and reports.
• Social impact for informal waste collection communities who collect plastic for recycling.
• Large, consistent collection capacity
  With a monthly collection capacity of 800 tons, it can ensure the fulfillment of large plastic recovery requirements.

Plastic Bank supports Obliged Enterprises in achieving EPR Compliance by developing and implementing an EPR program to help them efficiently manage their plastic waste. Using blockchain-supported technology, Plastic Bank enables Obligated Enterprises to track the volume of plastic recovered and/or collected monthly. Additionally, Plastic Bank offers a comprehensive Social EPR full-service package, including report development and DENR submission assistance, to facilitate sustainable waste management with comprehensive support.

EPR compliance drives business growth by bolstering brand reputation, cutting waste management expenses, spurring product innovation, and ensuring legal adherence. This attracts eco-conscious consumers and investors while mitigating environmental liabilities, fostering resource efficiency, and maintaining compliance, thereby nurturing sustainable business expansion.