What is Deforestation Legislation?
Deforestation Legislation encompasses the body of laws enacted by governments to control, limit, or entirely prevent deforestation globally. This legislation aims to protect forests from unchecked clearing, which can lead to loss of biodiversity, disruption of ecosystems, and acceleration of climate change.
For supply chain traceability companies, understanding deforestation legislation is vital for ensuring compliance in the sourcing of materials. These laws may dictate how and where materials can be harvested, establish requirements for sustainable forestry practices, or mandate reforestation efforts.
By adhering to deforestation legislation, companies not only comply with legal standards but also contribute to sustainable and ethical supply chain practices, enhancing their corporate social responsibility profile.
Related terms
Accountability
Accountability ensures that companies can verify the integrity of their supply chains, uphold compliance with environmental and social standards, and respond to any discrepancies or issues with honesty and corrective action.
Risk Assessment in Supply Chain
Risk Assessment in Supply Chain is the process of identifying, analysing, and managing the potential risks and vulnerabilities within a supply chain that could disrupt operations, impact profitability, or harm the reputation of the business.
Proof of Authority
Proof of Authority (PoA) is a consensus mechanism used in secure digital ledger networks where transactions and block creation are validated by approved accounts, known as validators.