Frequently Asked Questions (FAQs)
Need a quick answer?
Our FAQs are here to help.
We’ve compiled the most common questions we hear, to provide you with the information you need surrounding packaging compliance and PRN procurement.
Can’t find the answer you’re looking for?
Get in touch.
Contact UsWhat are Packaging Recovery Notes (PRNs)?
Packaging Recovery Notes (PRNs) are certificates that provide evidence that a specific amount of packaging material has been recovered and recycled.
They are part of a compliance scheme designed to ensure that businesses meet their recycling and recovery obligations under packaging waste regulations.
PRNs can be traded among companies to help them achieve their environmental targets.
Why are PRNs important for my business?
PRNs are crucial for businesses because they provide a way to meet legal recycling obligations and contribute to environmental sustainability.
By procuring PRNs, businesses can prove their compliance with packaging waste regulations, avoid fines, and enhance their corporate social responsibility (CSR) profile.
How do PRNs work in the Recycling Process?
PRNs work by tracking the amount of post-consumer packaging waste in the UK that is recycled.
Accredited reprocessors and exporters issue PRNs for each ton of packaging waste they recover and recycle.
Businesses then purchase these PRNs to offset their packaging waste obligation, ensuring that the equivalent amount of waste has been properly recycled.
What is the cost of PRNs?
The cost of PRNs varies depending on the type of material and market conditions. Prices can fluctuate based on supply and demand, recycling rates, and regulatory changes.
Contact us for current pricing and to get a tailored quote for your business needs.
How do I procure PRNs for my business?
Procuring PRNs can be done through various channels, including direct purchase from accredited reprocessors, through waste management companies, or via PRN trading platforms.
Our service simplifies this process by connecting you with reputable PRN providers and managing the procurement on your behalf.
What happens if I don’t buy PRNs?
If you don’t buy PRNs, your business may face several consequences, including:
- Regulatory Fines and Penalties: Failure to purchase PRNs to meet your packaging waste recycling obligations can result in substantial fines and penalties imposed by regulatory bodies.
- Legal Action: Continued non-compliance may lead to legal action against your business, which can include enforcement notices and court proceedings.
- Reputational Damage: Not complying with environmental regulations can harm your business’s reputation, affecting relationships with customers, investors, and other stakeholders who value environmental responsibility.
What are the risks and considerations involved in PRN trading?
While PRN trading offers flexibility, it also comes with risks.
Price volatility is a major consideration, as the cost of PRNs can fluctuate based on supply and demand dynamics.
Additionally, businesses must ensure that they purchase PRNs from accredited sources to avoid compliance issues.
Proper due diligence and market analysis are crucial to mitigate these risks.
How do I choose a reliable PRN provider?
Choosing a reliable PRN provider involves considering factors such as years of trading, reputation, transparency, and customer service.
Look for providers who have extensive experience in the industry, a strong track record, and offer clear communication and support throughout the procurement process.
We pride ourselves on our years of successful trading, excellent reputation, and commitment to providing exceptional customer service to meet all your PRN needs.