The company has called for Extended Producer Responsibility (EPR) policy approaches that focus on product categories referenced in the Resource & Waste Strategy 2018, including textiles and WEEE.
Beyondly has said that, crucially, EPR mechanism revenues should be reinvested towards advancement and innovation by prioritising prevention (rethink, remove, reduce and design standards) and post-consumer R-strategies (reuse, repair, recycle, recover).
The company has also urged the Circular Economy Taskforce to hold the circular economy transition to the same standards as UK Net Zero targets, including indicators, milestones and economic support. Another point is the harnessing of AI technologies to enable local authorities, businesses and consumers to “act more circular” with impact.
Finally, Beyondly called for the Taskforce to protect and restore the health of ecosystems critical to long-term economic stability, with the UK said to be in the bottom 10% in terms of biodiversity. The Green Finance Institute has indicated that the deterioration of natural ecosystems from losses in biodiversity, ecosystem health and the effects of pollution could result in an estimated 12% reduction in the UK’s GDP.
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