Sustainability.Verified.
At eco2Veritas, we are transforming the way businesses approach extended producer responsibility. Our platform offers easy ways for data acquisition and ingestion, compliance monitoring, and certification, empowering organisations to achieve cost efficiency and price premiums.
eco2Veritas enables the Flexible Plastic Fund to track waste movements along the supply chain from supermarkets to recycler.
When eco2Veritas provides proof of recycling, FPF confidently releases funds to our partners, ensuring full transparency and accountability.
Gareth Morton
Discovery Manager at Ecosurety Ltd,
Flexible Plastic Fund Coordinator
Our digital evidence platform facilitates capturing of data, monitoring and assessment of compliance, certification processes, and sustainability reporting to help businesses navigate the challenges of sustainable development in a market under pressure.
Material Flow Monitoring
Capturing Material Composition and Quality
Material Classification
Material Certification
EPR Reporting
Mass Balancing
Digital Claim Proving
Data Capturing
Business Advantages of eco2Veritas
Automated Data Collection and Reporting
eco2Veritas significantly reduces the time and effort required for compliance by automating data collection and reporting processes. This automation can lead to substantial cost savings compared to manual methods, especially for large producers who now have to report data bi-annually instead of annually under the new EPR scheme.
Reduced Audit Costs
The system’s ability to provide "trust-less“ verification and immutable records reduces the need for frequent and expensive on-site audits. This can result in significant cost savings, as traditional audit-based certification schemes like e.g., ISCC PLUS or EuCertPlast can be expensive and time-consuming.
Improved Data Accuracy and Compliance.
By using AI, IoT, and blockchain technologies, eco2Veritas ensures higher data accuracy and reduces the risk of non-compliance. This is particularly valuable given the Environment Agency’s increased scrutiny on data accuracy and the potential penalties for non-compliance.
Efficient EPR Fee Management
The system’s ability to track recycled content and material flows can help optimise Extended Producer Responsibility Scheme fee calculations and potentially reduce fees through better data on recyclability and recycled content. This is especially relevant as EPR fees are set to be introduced in many countries and will be based on the recyclability of packaging materials.
Streamlined Supply Chain Management
eco2Veritas provides a comprehensive view of the recycling supply chain, allowing for better management and potential cost optimisations. This can lead to savings in waste management costs and improved efficiency in recycling operations.
Future-Proofing for Regulatory Changes
As regulations evolve, such as the introduction of modulated fees and digital product passports, eco2Veritas is well-positioned to enable companies to adapt quickly, saving clients the costs of frequent system updates or changes to comply with new requirements.
These cost advantages, combined with the system’s ability to provide transparent and verifiable data, make eco2Veritas an attractive solution for companies looking to optimise compliance processes and reduce costs associated with EPR and recycling certifications.
eco2Veritas at a Glance
The platform makes it particulary easy to ingest scanned documents and IoT telemetry. A digital “chain of custody“ is created from evidence and secured on a blockchain.
From this evidence, data is automatically extracted through AI, such as material weight of deliveries and dispatches, supplier data, material quality, discards, etc.
This data is used for a wide range of applications, such as mass balancing, reporting or the proof of specific claims towards suppliers or clients.
Evidence Ingestion
Data can be captured in several streams:
All this is considered evidence! The eco2Veritas platform is designed to be extremely efficient in capturing data, particularly from a plant or production facility.
Data Extraction
The platform does not require to manually enter data - in fact manual data entry is excluded for reasons of security and trust.
Any data is automatically extracted from ingested evidence trough integrated artificial intelligence (AI) modules.
AI also enables the platform to automatically associate uploaded evidence to specific process steps.
Evidence Securisation
All evidence and the extracted data of the evidence is secured on a blockchain and rendered immutable. Each piece of evidence is associated to a specific process step, creating a “chain-of-evidence“ or chain of custody.
Evidence can have different scores, ranging from e.g., scanned hand-written paper, photos, printed receipts, up to securely captured telemetry data.
The platform prevents double upload of evidence to prevent fraud or double booking of materials.
Certification
When sufficient evidence is accumulated or corroborated, certificates about specific claims can be automatically issued. The certificates provide an immutable, digital proof - down to the original evidence - about the fact that a specific sequence of process steps have been executed with specific attributes. Certified claims are e.g., proof of neutralisation of waste, proof of recycling, proof of quality or other.
eco2Veritas can easily act as a fully digital EPR (Extended Producer Responsibility) system.
Reporting & DPP
All extracted data is available in the system for various forms of reporting. Apart from detailed analysis of claims, the system provides further views for mass balancing in arbitrary periods according to ISCC PLUS, material volume streams, or other.
All data can be attached to a digital product passport (DPP) of the produced sustainable material. The DPP is an increasing requirement for downstream supply chain partners, enabling them to optimise their operations.
Smart Contracts
Based on available data, further steps can be taken which have an immediate monetary impact:
Sustainability.
Verified.
Trusted.
TM
eco2Veritas Certification Ltd.
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