In Hong Kong, approximately 70,000 tonnes of waste electrical and electronic equipment (WEEE) are generated annually. To address this alarming waste problem, the Hong Kong Government has been preparing for the introduction of a producer responsibility scheme (PRS) to facilitate the proper treatment of WEEE in Hong Kong.
The enabling legislation for the PRS on WEEE (WPRS), namely the Promotion of Recycling and Proper Disposal (Electrical Equipment and Electronic Equipment) (Amendment) Ordinance 2016 was passed by the Legislative Council in March 2016, whereas the Product Eco-Responsibility (Regulated Electrical Equipment) Regulation providing for certain operational matters relating to suppliers and sellers of regulated electrical equipment (REE), was enacted in July 2017.
From 1 August 2018, a supplier of regulated electrical equipment (REE) must have been registered with the Environmental Protection Department (EPD) before distributing REE. Registered suppliers must also fulfil other statutory obligations, including the submission of returns to the EPD, payment of recycling levies, as well as the submission of an annual audit report prepared by a practising certified accountant to the EPD.
As a supplier, you must:
✔ Become a registered supplier with EPD
✔ Submit quarterly returns
✔ Submit annual audit reports
✔ Pay recycling levy
✔ Provide recycling labels to the distributee
✔ Keep records properly for five years
With the insights and knowledge of the scheme, KPMG has already prepared both compliance-based and value-adding solutions for suppliers that will efficiently meet the reporting deadlines and the annual audit report requirements.
Email us at email@example.com to get in touch with our Business Reporting and Sustainability team for further discussion.