Chemical Regulations and Sustainability Symposium 2023: Highlights
Reflecting on the insightful discussions of last week’s Chemical Regulations and Sustainability Symposium 2023, here are the key takeaways that provide valuable insights for businesses:
- Regulatory Updates: The symposium shed light on pivotal regulatory developments. The EU REACH Revision, a significant milestone in chemical regulations, is expected to be postponed until 2024. Additionally, the Turkey KKDIK Registration deadline will be extended, pending official communication on deadlines based on the annual tonnage band. Ukraine REACH and CLP regulations might be implemented sooner than anticipated, highlighting the need for businesses to stay informed about shifting timelines. Hence, a deep understanding of your products and intricate supply chains is crucial to navigating the complexities of chemical regulatory frameworks and evolving developments.
- UK REACH: Companies under the UK REACH regulation can still submit late DUINs and can initiate inquiries to be part of the joint submissions and communications. Proactive engagement ensures seamless operations due to the changing regulatory landscape.
- Global Implications: India’s BIS Regulation is already in force, impacting 60 chemical substances in the Indian market, with more expected to follow. The K-REACH 2024 registration deadline is fast approaching, affecting companies dealing with chemical volumes ranging from 100-1000 t/year.
- Innovation and AI: The symposium emphasized the pivotal role of innovation, especially in Artificial Intelligence (AI), driving the ongoing green and digital transitions in the EU. AI has immense potential to revolutionize sustainable practices, as do IT solutions, making it essential for businesses to integrate these technologies into their operations.
- Data and Advocacy: The symposium highlighted the significance of data in compliance and the crucial role of advocacy in shaping EU Regulatory Developments. Advocacy efforts are vital in ongoing EU regulatory developments and REACH authorisation reform. Furthermore, the concept of essential use is progressing, emphasizing the need for technical and informed advocacy to guide policy decisions toward sustainable outcomes.
In conclusion, the symposium not only highlighted the challenges posed by regulatory revisions but also the opportunity for proactive, innovative businesses. Leveraging data, embracing AI, understanding products and supply chains, and engaging in advocacy will be instrumental in navigating complex regulatory landscapes.
A big thank you to all our speakers, participants, CBA representatives and everyone involved who made last week’s event a success. The diverse perspectives shared by authorities, associations, industry leaders, businesses and experts created a vibrant discussion forum. Let’s continue these conversations – together, we can drive a transformative change.
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