Figure 8
The diagram illustrates the evolution from reporting to performance regulation. It shows two main stages: first-generation and second-generation. The first-generation stage includes reporting and disclosure, which involves emissions reporting, circularity reporting, and EPDs and product data. The second-generation stage includes sector benchmarks and benchmarks and regulation, which involves benchmarks and targets, thresholds and limits, and sanctions and incentives. The diagram also highlights the transition from baselines and capability building to accountability and performance.Evolution from reporting to performance regulation