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What You Need to Know About EPR Price Changes
21 January 2025 - Inn Express
As sustainability takes centre stage, significant changes are coming for businesses under the Extended Producer Responsibility (EPR) scheme. Here’s a quick guide to what’s happening and how it could impact your pricing and packaging strategies.
What Is EPR and Why Does It Matter?
The EPR scheme is designed to encourage businesses to take responsibility for the packaging they produce. Think of it as a push to get producers to cover the costs of managing their packaging waste – from collection to recycling and disposal.
If you’re a business producing or importing packaged goods, this will likely impact you, especially if you’re using non-recyclable materials.
Key Changes Under EPR
- Increased Costs for Producers
Businesses will now shoulder the full cost of managing packaging waste. These costs will vary depending on the type of material used and its recyclability. - Reporting Obligations
You’ll need to report on the type and amount of packaging you place on the market, so keeping track of your materials has never been more critical. - Material-Specific Fees
The less sustainable your packaging, the higher your fees. This change is aimed at encouraging businesses to make eco-friendly choices. - Timeline to Prepare
The scheme is being phased in, so while reporting starts first, cost obligations will follow soon after. Now’s the time to review your practices.
How Can You Prepare?
- Audit Your Packaging: Check what materials you’re using and assess their recyclability.
- Consider Alternatives: Switch to eco-friendly options to lower future costs and show your commitment to sustainability.
- Plan Ahead: Build these costs into your pricing and discuss potential changes with suppliers.
At Inn Express, we’re here to keep you informed and ahead of the curve. These changes might seem daunting, but they’re a step toward a more sustainable future – something we know many of our customers are already passionate about. If you’ve questions about how this might affect your business, don’t hesitate to contact us.