NTT and Mitsubishi Materials Launch NTT Circurust for Enhanced Recycled Materials Supply Chain
NTT and Mitsubishi Materials are forming NTT Circurust to boost recycled material usage and improve information flow regarding their attributes. The initiative aligns with Japan's Circular Economy Action Plan, targeting a 30% recycled copper sourcing by 2030.
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NTT and Mitsubishi Materials are establishing NTT Circurust to integrate the supply chain of recycled materials, focusing on end-of-life IT and telecommunications equipment. The venture aims to enhance the communication of attribute information related to recycled materials, addressing challenges manufacturers face in sustainability reporting.
Increasing public policy support, particularly Japan's Circular Economy Action Plan, emphasizes the need for improved resource circulation, targeting 30% of domestically produced copper to come from recycled sources by 2030. The New Company will enable better visibility for organizations generating end-of-life equipment, demonstrating the value of their contributions to sustainability efforts.
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