Guide 2024
Your Path to EUDR Compliance:
A Focus on Traceability
The EU Deforestation Regulation (EUDR) represents a pivotal moment in environmental protection. With less than six months to go until Enterprises need to be compliant (30th December 2024), time is ticking. Our free guide provides a detailed overview of the EUDR, its implications, and practical steps to improve traceability to meet compliance. Are you ready?
Your Path to EUDR Compliance: What to Expect
Download Our Free Guide Today
Your Path to EUDR Compliance: A Focus on Traceability gives you access to the most pressing questions we are hearing from customers, industry partners and EU Operators. Download our free guide today.
Why the EU Deforestation Regulation is being introduced
The EU Deforestation Regulation (EUDR) is poised to transform businesses dealing with forest-risk commodities. Its aim, alongside others in the Green Deal, is to tackle environmental issues like deforestation, climate change and human rights abuses.
Its implementation comes at a time when illegal logging is the third largest transnational crime in retail value (up to $157 billion annually) behind counterfeiting and drug trafficking, but ahead of weapons trafficking, human trafficking and illegal mining. In terms of the environmental impact, we lose over 10,000,000 hectares of forest annually - that’s an area larger than the size of Poland. This has severe impacts on biodiversity, greenhouse gas emissions and human rights abuses and has to stop. Previous measures, including the EU Timber Regulation which has been in place since 2013 and other national schemes such as the Japan Clean Wood Act, have not managed to halt the rate of loss of forest. Now is the time for something different to be done, with the potential to reverse losses and combat climate change.
The EUDR mandates that companies adjust their supply chain practices to adhere to stringent traceability and sustainability standards. Enhanced product due diligence not only boosts reputation by complying with regulations and meeting consumer demand, but also improves business efficiency. Through compliance, businesses can support global conservation efforts and gain a competitive advantage by positioning themselves as sustainability leaders, attracting environmentally conscious consumers and investors. Proactively implementing these regulations reduces legal risks and promotes a more sustainable future.
“We understand that these new regulations can be daunting. That, combined with new technology, can be incredibly overwhelming, leading to little to no action. With the incoming EU Deforestation Regulation doing nothing isn't an option. We want to make it as easy as possible for people to understand the nuances when it comes to due diligence and traceability, as well as set the record straight when it comes to new terminology and requirements. Our aim for this guide was to do just that.”