Mexico City's Circular Economy Law comes into effect, promoting sustainable production and consumption
Mexico City's Circular Economy Law has officially entered into force on March 1st, 2023, with the aim of encouraging responsible production and consumption habits through the promotion of reuse, remanufacturing, and recycling. The law introduces three new instruments to promote sustainability policies in companies: the circularity assessment procedure, the circularity label, and the circular economy public information system.
The circularity assessment procedure is a voluntary evaluation process that companies can undergo to assess compliance with certain circularity criteria. The evaluation will be conducted by Mexico City's Secretariat for the Environment, and companies that meet the established levels of compliance will be able to use the circularity label on their processes, products, and services for a period of three years.
The circular economy public information system, developed by the Digital Agency for Public Innovation of Mexico City, will provide information on circular economy strategies and business models, as well as guides and manuals to implement and replicate sustainable projects.
Although the requirements and formalities for the circularity assessment procedure have not yet been detailed, more information is expected to be released in the coming months with the enactment of the regulation of this law and the publication of circularity criteria by SEDEMA in collaboration with SEDECO. The implementation of this law is a significant step towards promoting sustainable practices in Mexico City's business community.
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