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Product Stewardship - Grow Me The Money

GLOSSARY OF TERMS

Product Stewardship
A product-centred approach to environmental protection. Also known as extended product responsibility (EPR), product stewardship calls on those in the product life cycle - manufacturers, retailers, users, and disposers - to share responsibility for reducing the environmental impacts of products.

By rethinking their products, their relationships with the supply chain, and the ultimate customer, some manufacturers are dramatically increasing their productivity, reducing costs, fostering product and market innovation, and providing customers with more value with less environmental impact (adapted from the USEPA website). "Design for the environment" can form part of product stewardship, as can life-cycle analysis. (From QLD EPA)