Interventions on Heritage Buildings (HBs) involve significant challenges due to their tangible (embodied in the material, architectural, physical and technical integrity of the cultural asset), and intangible values (linked to socio-historical–cultural and collective identity, memory, customs and symbols meanings), which must be preserved while also adapting to current sustainability and circular economy goals. However, current conservation and management practices often lack systematic tools to trace, assess, and organise material and component information, hindering the implementation of circular strategies. In line with the European Union’s objectives for climate neutrality and resource efficiency and sufficiency, Material and Product Passports (MPPs) have emerged as digital tools that enhance data traceability, interoperability and transparency throughout a building’s lifecycle. This paper examines the potential of MPPs to support circular management of HBs by analysing the structure of MPPs and outlining the information flows generated by rehabilitation, maintenance and adaptive reuse strategies. A mixed methods approach, combining literature review and data structure analysis, is adopted to identify how the different categories of data produced during maintenance, rehabilitation and adaptive reuse processes can be integrated into MPP modules. The research highlights the conceptual opportunities of MPPs to document and interlink historical, cultural, and technical data, thereby improving decision-making and transparency across intervention stages. The analysis suggests that adapting MPPs to the specificities of historic contexts, such as authenticity preservation, reversibility, and contextual sensitivity, can foster innovative, sustainable, and circular practices in the conservation and management of HBs.