Bans and Taxes Likely to Spread While EPRs Lag Behind in Sustainable Material Regulations

In recent years, sustainability has become a priority for innovation teams in the materials and chemicals industry as well as consumer-facing industries like apparel, food, and beauty. Policy and regulations hold a unique place as drivers of corporate sustainability practices, which creates a clear need for corporations to understand and predict future regulatory states – both to prepare existing businesses and to explore the potential for new business opportunities under these regulatory schemes. Furthermore, policy foresight will only become more important in the future as more and more of what innovation teams are tasked with is system transition, according to new analysis from Lux Research, a leading provider of tech-enabled research and innovation advisory services.