What is Circularety? Circularety is an online platform, sponsored by Ecosurety, that enables authorised reprocessors to post projects that obligated packaging producers can invest their PRN obligation in.
Who can use Circularety? Any obligated packaging producer or authorised reprocessor issuing PRNs or PeRNs can use Circularety, subject to approval by Circularety.
Who operates Circularety? Circularety is operated by Ecosurety, a leading producer compliance scheme.
Is Circularety approved by the Environment Agency? Circularety simply enables producers to purchase PRNs directly from a reprocessor, as such it is a legitimate method to trade PRNs.
Is there a fee to use Circularety? A fee of 50p per PRN is charged to both reprocessors and producers.
What are PRNs? PRN is an abbreviation for Packaging Recovery Note. A PRN is a document that provides evidence that waste packaging material has been recycled. They form a key part of the UK Producer Responsibility Obligations (Packaging Waste) Regulations 2007. To find out more about packaging compliance, please click here.
How do I know if I have an obligation under the packaging regulations? The Producer Responsibility Regulations apply to all organisations in the UK who meet a threshold that is defined in terms of tonnes of packaging handled and turnover. Your organisation is obligated if in the last year you handled more than 50 tonnes of packaging and your turnover was over £2M. To find out more about packaging compliance, please click here.
I am already registered with a compliance scheme, can I use Circularety? It does not matter which compliance scheme you are registered with, however you will need to inform your scheme that you intend to source your own PRNs.
My compliance scheme says we cannot use Circularety to purchase our PRNs, can you help? Please contact us on 0845 094 2228 or email email@example.com to discuss your options.
How do I know the projects are real? Reprocessors must agree to strict terms and conditions and each project is approved by our team before it is posted live. In addition to this Ecosurety (the operator of Circularety) will check a proportion of projects upon completion.
Are we allowed to publicise the projects we have invested in? Yes! This is the added value that Circularety has introduced in the PRN system. You will receive a report from the reprocessor for each completed project you have invested in, you can use this information for sustainability reports, stakeholder communications and marketing for example.
Why can’t I invest our whole PRN obligation? Initially producers will be limited to 5% of their obligation. This will be increased over time as the number of projects increases. To discuss the amount you can invest please contact us on 0845 094 2228 or email firstname.lastname@example.org.
If I am using Circularety do I still need to register with a compliance scheme? There are two ways to register, with a compliance scheme or direct, Circularety has been set up to work whichever method you choose. To find out more about packaging compliance please click here.
What happens to my PRNs when I have invested in a project? When you have purchased PRNs through Circularety they are sent to your compliance scheme upon payment of your invoice.
When do I have to pay for PRNs purchased through Circularety? An invoice will be automatically generated and sent to you by email when you agree to purchase PRNs on a project. Payment is required within 30 days.
What if a project I have invested in does not achieve full funding? Reprocessors must commit to completing a project even if they do not achieve full funding for it through Circularety, therefore any project you have committed to fund will be completed and you will receive the PRNs you have purchased.
Why are some projects charging more for PRNs than others? Reprocessors can choose how much to charge for their PRNs according to their project. Some projects may justify a higher price due to a higher value marketing potential when completed, for example.
I want to know more about a project, how can I communicate with the reprocessor? You can use the ‘Ask a question’ tab in the project view to ask the reprocessor a question, with all questions and answers will be posted on the project page. Please note this function is disabled in the beta test site.
How many projects can I post? You can post as many projects as you like, so long as you are producing enough PRNs to cover them.
Is there a limit on the size of a project? If your proposed project is worth over £1m please contact our team to discuss it further on 0845 094 2228 or email email@example.com.
How do I ensure my project is successfully funded? The key is to write an engaging project page with as much information as possible - concrete facts and figures are key here. Make sure you include a great image and a video to really make your project stand out.
It is really important to communicate the benefits of your project and the end result that the producer will be able to talk about afterwards. If you require help, please contact our team on 0845 094 2228 or email firstname.lastname@example.org.
How do I create the report for a completed project? We provide a report template for you to complete and our team are on hand to help guide you further, if required.
Why do you need to approve my project before it is live? We need to ensure that the project is uploaded correctly, all the information is accurate and that it is suitable to post on Circularety. This may require a member of our team to call you to discuss it further.
How do you verify my project has been completed? Please ensure you carefully read the terms and conditions when you register as these make clear our expectations of you. In addition to this we will also visit a proportion of projects to validate them.
What happens if I don’t achieve full funding for my project? By posting a project on Circularety you agree to complete a project regardless of the amount of funding you receive. This may require you to make up the shortfall in funding.
Can I change the price of PRNs for my project after producers have invested in it? Yes, you can raise or lower the price if you would like to ensure your project remains competitive over time. PRNs already sold will not be affected.
When do I receive the money for my sold PRNs? Payment is issued upon receipt of the PRNs.
Can members of our compliance scheme use Circularety? Yes the platform is open to all packaging producers, whatever compliance scheme they are affiliated with. Please contact our team on 0845 094 2228 or email email@example.com to discuss this further.
Can I use Circularety on behalf of my members? Yes, we can arrange login access for you so that you can know how many PRNs your members have bought through the platform. Please contact our team on 0845 094 2228 or firstname.lastname@example.org discuss this further.
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