What is the UK Environment Act?
The UK Environment Act is landmark legislation designed to address various environmental issues within the United Kingdom, including air and water quality, waste management, and biodiversity restoration. Enacted in 2021, the Act sets out a legal framework for environmental protection and the sustainable management of natural resources, establishing long-term legally binding environmental targets.
For supply chain traceability companies operating within or with the UK, the Environment Act introduces new requirements and challenges, particularly in ensuring compliance with due diligence obligations related to sourcing and environmental impact assessments.
The Act underscores the importance of traceability and transparency in supply chains, pushing companies towards more sustainable practices and greater accountability in their environmental impact.
Related terms
Proof of Authority
Proof of Authority (PoA) is a consensus mechanism used in secure digital ledger networks where transactions and block creation are validated by approved accounts, known as validators.
Chain of Custody
Chain of Custody (CoC) refers to the process of documenting and verifying the sequence of custody and control over materials and products within a supply chain.
Accountability
Accountability ensures that companies can verify the integrity of their supply chains, uphold compliance with environmental and social standards, and respond to any discrepancies or issues with honesty and corrective action.