Environmental Compliance 4 Products (EC4P)
What the Judges Said…
“A solid value proposition to help companies meet product compliance regulations. This is bound to support waste reduction and recycling efforts by having clear information about what is recyclable.”
Thinkstep Compliance’s Environmental Compliance 4 Products (EC4P) is a centralized web-based system that manages compliance with recycling regulations for waste electrical and electronic equipment (WEEE), batteries, and packaging across the European Union and globally.
The registration process, reporting requirements, and recycling fees vary by country. This means that a company wanting to sell electrical products across all EU countries needs to understand and comply with 84 different regulations. There are over 330 different recycling schemes to choose from, Thinkstep Compliance says.
The EC4P managed compliance system identifies the company’s legal obligations in each country, determines which products, batteries, or packaging are in scope, and recommends the most cost-effective recycling schemes for the company’s products.
EC4P manages product registration and stays up-to-date with all WEEE, batteries, and packaging reporting requirements on one centralized dashboard. The dashboard gathers and displays reporting deadlines for company product sales in each country, chases the personnel who have been made responsible for reporting deadlines as the deadlines approach, and checks that sales data entered into the EC4P system is in the correct format.
Thinkstep uses the company’s sales data to calculate and pay the recycling fees on behalf of the company in each country and passes on the costs in one consolidated invoice. Thinkstep also issues annual compliance certificates that confirm compliance to the recycling regulations to each country managed through EC4P.
Over 170 companies use EC4P. In 2017, the American social media company Snap Inc. used EC4P to gain compliance to 42 recycling regulations in less than three months so their line of Snap Spectacles could go on sale in 14 EU countries in June 2017. Compliance was achieved without incurring the time and expense of setting up offices in those countries. Thinkstep’s EC4P system also helped Snap avoid the need to develop, train, and manage an in-house team of regulatory experts.