The new offering, according to the company, will help businesses meet compliance needs “across national boundaries”, manage take-back schemes for products, and provide the “tools and expertise” needed to analyse large volumes of data.
Each company will continue to operate as they are, but will also work with Comply Loop, which Reconomy said “already has offices around the world”. Reconomy acquired both Munich-based compliance scheme RLG (see letsrecycle.com story) and fellow Germany scheme Noventiz in 2020.
Patrick Wiedemann, chief executive of Reconomy’s comply division, said: “The scale and challenges of environmental compliance are growing at a phenomenal rate. Throughout Europe, we are seeing both upgrades to existing regulation and the introduction of new legislation for products such as textiles. Other regions, such as North America and Asia, have followed suit. For the brands navigating these systems – and states looking to implement effective systems – the challenges are complex.”
Legislation
This comes as countries around the world are beginning to look at producer responsibility legislation.
While Valpak, RLG and Noventiz will continue to service their customers directly, the integrated solution will provide “significantly enhanced expertise and overall outcomes,” Reconomy explained.
For example, it explained, where Valpak specialises in data services and consulting, Noventiz and RLG have experience in operating producer responsibility organisations and circular take-back. RLG’s offices around the world – from Los Angeles to Lima, and Beijng to Bucharest – will help each of the companies to provide a deeper understanding of compliance markets globally, the company added.
‘Exciting’
Steve Gough, CEO Valpak, said: “Valpak is best-known for its depth and analysis of data. Through Comply Loop, we have an exciting opportunity to offer these services to the UK market and across the world.
“While many of our customers trade solely in the UK, an increasing number are navigating the complexities of international compliance. With offices overseas, Comply Loop will bring a greater awareness of these local markets. At the same time, we can also respond to the needs of those companies that make procurement decisions more centrally.”
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