1、The EU Digital Product Passport shapes thefuture of value chains:What it is and how to prepare nowThe EU Digital Product Passport shapes the future of value chains:What it is and how to prepare now 1 Executive summaryWe,as humanity,need to move toward more circularity to live within planetary bounda

2、ries and enable future economic growth.As a tool to create transparency and unlock circularity,the European Commission(EC)proposes Digital Product Passports(DPPs)that share product information across the entire product lifecycle.The EC is currently drafting a regulation on DPPs with final approval e

3、xpected in 2024 and implementation for the first product groups in 2026/7.The European Union(EU)DPP is a first-of-its-kind regulatory circularity tool.However,many elements in the EU DPP across scope(e.g.,application level),tech(data storage,carrier,and access)and data(data requirements and governan

4、ce)remain open with different levels of maturity.Because the EC is developing DPPs that are product group specific,there also is a risk of facing a long timeline for broad DPP implementation across industries.However,moving quickly and unlocking DPP-enabled transparency early can help decouple econo

5、mic growth from resource extraction,waste streams and carbon emissions,thereby significantly affecting the wellbeing of the planet and humanity.Accordingly,in developing the DPP regulation further,it is important to consider speed to impact given the urgency of the circularity challenge and the bene

6、fits to corporates of avoiding regulatory uncertainties.This report provides an illustrative example of what a DPP could look like and how it will affect key players in the value chain.One of the prioritized industries that the EC regulation will cover is electronics,given the environmental impact a