BCF focuses on sustainability and the state of the economy
During the conference, the Bank of England outlined the latest economic forecasts for the UK: The economy will be stagnant for the next four years with inflation peaking at 10% this autumn – but will drop back closer to 3% by the end of 2023.
On sustainability, the conference heard about the first global coatings industry’s sustainability report, to be published later this year by the World Coatings Council, followed by MAKE UK, who outlined the vision for achieving Net Zero in the manufacturing sector.
Challenges and opportunities for paint recycling
This was followed by an intense panel discussion on leftover paint recycling and Packaging Extended Producer Responsibility (EPR), featuring paint recyclers, metal and plastic packaging suppliers and experts on packaging and waste policy. The panel answered many of the audience’s questions surrounding the challenges and opportunities for paint recycling, and markets for leftover paint. On Packaging EPR, brand owners are faced with a new regime from 2024 which will move the cost of household waste collection and processing to brand owners.
BCF President Guy Williams commented: “The topics of this year’s conference were highly appropriate for the challenges the industry is facing today – really tough economic conditions but a huge focus on sustainability, with paint recycling and Net Zero being key themes for the future of BCF’s work, as well as working with the UK Government to improve the regulatory landscape.”