Luxembourg launches “Circularity Dataset Initiative” supported by major international industry leaders
The Circularity Dataset Initiative by the Ministry of the Economy of Luxembourg develops an industry standard providing a regulated framework for circular data on products throughout value chains, from raw materials to finished products, from the use phase to re-usage and recycling.
The project addresses the difficulty for stakeholders to access reliable data on the circular properties of a product. Trade secrets are hindering transparency and reporting standards are lacking, forcing manufacturers to send out different data sets in diverse formats to customers and product platforms.
The objective is to save costs, increase value and enable circularity by developing a process and an internationally accepted dataset template, and data is verified through an auditing process.