diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5d140b30..2e9dc61c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,6 +3,8 @@
 ## 0.15.1 (Unreleased)
 - [Enhancement] Replace `rd_kafka_offset_store` with `rd_kafka_offsets_store` (mensfeld)
 - [Enhancement] Alias `topic_name` as `topic` in the delivery report (mensfeld)
+- [Enhancement] Provide `label` producer handler and report reference for improved traceability (mensfeld)
+- [Enhancement] Include the error when invoking `create_result` on producer handle (mensfeld)
 - [Fix] Fix return type on `#rd_kafka_poll` (mensfeld)
 - [Fix] `uint8_t` does not exist on Apple Silicon (mensfeld)
 - [Fix] Missing ACL `RD_KAFKA_RESOURCE_BROKER` constant reference (mensfeld)
diff --git a/lib/rdkafka/callbacks.rb b/lib/rdkafka/callbacks.rb
index 055a961f..460a5636 100644
--- a/lib/rdkafka/callbacks.rb
+++ b/lib/rdkafka/callbacks.rb
@@ -289,7 +289,16 @@ def self.call(_, message_ptr, opaque_ptr)
 
           # Call delivery callback on opaque
           if opaque = Rdkafka::Config.opaques[opaque_ptr.to_i]
-            opaque.call_delivery_callback(Rdkafka::Producer::DeliveryReport.new(message[:partition], message[:offset], topic_name, message[:err]), delivery_handle)
+            opaque.call_delivery_callback(
+              Rdkafka::Producer::DeliveryReport.new(
+                message[:partition],
+                message[:offset],
+                topic_name,
+                message[:err],
+                delivery_handle.label
+              ),
+              delivery_handle
+            )
           end
         end
       end
diff --git a/lib/rdkafka/producer.rb b/lib/rdkafka/producer.rb
index 01e49bc0..5a83499d 100644
--- a/lib/rdkafka/producer.rb
+++ b/lib/rdkafka/producer.rb
@@ -164,11 +164,12 @@ def partition_count(topic)
     # @param partition_key [String, nil] Optional partition key based on which partition assignment can happen
     # @param timestamp [Time,Integer,nil] Optional timestamp of this message. Integer timestamp is in milliseconds since Jan 1 1970.
     # @param headers [Hash<String,String>] Optional message headers
+    # @param label [Object, nil] a label that can be assigned when producing a message that will be part of the delivery handle and the delivery report
     #
     # @return [DeliveryHandle] Delivery handle that can be used to wait for the result of producing this message
     #
     # @raise [RdkafkaError] When adding the message to rdkafka's queue failed
-    def produce(topic:, payload: nil, key: nil, partition: nil, partition_key: nil, timestamp: nil, headers: nil)
+    def produce(topic:, payload: nil, key: nil, partition: nil, partition_key: nil, timestamp: nil, headers: nil, label: nil)
       closed_producer_check(__method__)
 
       # Start by checking and converting the input
@@ -210,6 +211,7 @@ def produce(topic:, payload: nil, key: nil, partition: nil, partition_key: nil,
                       end
 
       delivery_handle = DeliveryHandle.new
+      delivery_handle.label = label
       delivery_handle[:pending] = true
       delivery_handle[:response] = -1
       delivery_handle[:partition] = -1
diff --git a/lib/rdkafka/producer/delivery_handle.rb b/lib/rdkafka/producer/delivery_handle.rb
index 09a557fa..6c80f820 100644
--- a/lib/rdkafka/producer/delivery_handle.rb
+++ b/lib/rdkafka/producer/delivery_handle.rb
@@ -11,6 +11,9 @@ class DeliveryHandle < Rdkafka::AbstractHandle
              :offset, :int64,
              :topic_name, :pointer
 
+      # @return [Object, nil] label set during message production or nil by default
+      attr_accessor :label
+
       # @return [String] the name of the operation (e.g. "delivery")
       def operation_name
         "delivery"
@@ -18,7 +21,13 @@ def operation_name
 
       # @return [DeliveryReport] a report on the delivery of the message
       def create_result
-        DeliveryReport.new(self[:partition], self[:offset], self[:topic_name].read_string)
+        DeliveryReport.new(
+          self[:partition],
+          self[:offset],
+          self[:topic_name].read_string,
+          self[:response] != 0 ? RdkafkaError.new(self[:response]) : nil,
+          label
+        )
       end
     end
   end
diff --git a/lib/rdkafka/producer/delivery_report.rb b/lib/rdkafka/producer/delivery_report.rb
index 9b35c0ff..5d422643 100644
--- a/lib/rdkafka/producer/delivery_report.rb
+++ b/lib/rdkafka/producer/delivery_report.rb
@@ -20,6 +20,9 @@ class DeliveryReport
       # @return [Integer]
       attr_reader :error
 
+      # @return [Object, nil] label set during message production or nil by default
+      attr_reader :label
+
       # We alias the `#topic_name` under `#topic` to make this consistent with `Consumer::Message`
       # where the topic name is under `#topic` method. That way we have a consistent name that
       # is present in both places
@@ -29,11 +32,12 @@ class DeliveryReport
 
       private
 
-      def initialize(partition, offset, topic_name = nil, error = nil)
+      def initialize(partition, offset, topic_name = nil, error = nil, label = nil)
         @partition = partition
         @offset = offset
         @topic_name = topic_name
         @error = error
+        @label = label
       end
     end
   end
diff --git a/spec/rdkafka/producer_spec.rb b/spec/rdkafka/producer_spec.rb
index c8c0ccd0..a856463f 100644
--- a/spec/rdkafka/producer_spec.rb
+++ b/spec/rdkafka/producer_spec.rb
@@ -34,6 +34,7 @@
 
         producer.delivery_callback = lambda do |report|
           expect(report).not_to be_nil
+          expect(report.label).to eq "label"
           expect(report.partition).to eq 1
           expect(report.offset).to be >= 0
           expect(report.topic_name).to eq "produce_test_topic"
@@ -44,9 +45,12 @@
         handle = producer.produce(
           topic:   "produce_test_topic",
           payload: "payload",
-          key:     "key"
+          key:     "key",
+          label:   "label"
         )
 
+        expect(handle.label).to eq "label"
+
         # Wait for it to be delivered
         handle.wait(max_wait_timeout: 15)
 
@@ -175,11 +179,13 @@ def call(_, handle)
     handle = producer.produce(
       topic:   "produce_test_topic",
       payload: "payload",
-      key:     "key"
+      key:     "key",
+      label:   "label"
     )
 
     # Should be pending at first
     expect(handle.pending?).to be true
+    expect(handle.label).to eq "label"
 
     # Check delivery handle and report
     report = handle.wait(max_wait_timeout: 5)
@@ -187,6 +193,7 @@ def call(_, handle)
     expect(report).not_to be_nil
     expect(report.partition).to eq 1
     expect(report.offset).to be >= 0
+    expect(report.label).to eq "label"
 
     # Flush and close producer
     producer.flush
@@ -558,6 +565,23 @@ def call(_, handle)
     end
   end
 
+  context "when not being able to deliver the message" do
+    let(:producer) do
+      rdkafka_producer_config(
+        "bootstrap.servers": "localhost:9093",
+        "message.timeout.ms": 100
+      ).producer
+    end
+
+    it "should contain the error in the response when not deliverable" do
+      handler = producer.produce(topic: 'produce_test_topic', payload: nil, label: 'na')
+      # Wait for the async callbacks and delivery registry to update
+      sleep(2)
+      expect(handler.create_result.error).to be_a(Rdkafka::RdkafkaError)
+      expect(handler.create_result.label).to eq('na')
+    end
+  end
+
   describe '#partition_count' do
     it { expect(producer.partition_count('consume_test_topic')).to eq(3) }