EUDR Compliance Challenges: A Comprehensive Guide
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Deforestation continues to be one of the most pressing environmental issues of our time, contributing to climate change, biodiversity loss, and the degradation of ecosystems that millions of species, including humans, rely on. As the European Union (EU) takes strong action to combat this global crisis, the EU Deforestation Regulation (EUDR) has been introduced to curb deforestation driven by the EU’s demand for commodities. This detailed blog sheds light on the significance of the EUDR, who it impacts, and what businesses need to do to comply with the regulation. We will also explore key questions surrounding its implementation, the penalties for non-compliance, and how companies can adapt to this regulatory shift.
EUDR: What It Means for Global Supply Chains
The?EU Deforestation Regulation (EUDR)?is a landmark law passed by the European Parliament to reduce the EU’s contribution to deforestation and forest degradation. It builds on the foundations of the EU Timber Regulation (EUTR), which focused on ensuring that timber sold in the EU market was legally sourced. However, the EUDR goes beyond legality by addressing the wider issue of deforestation, both legal and illegal.
The EUDR compliance requirements include companies that place certain commodities on the EU market to ensure that those products are not sourced from land that has been subject to deforestation after December 31, 2020. This means businesses must take proactive steps to prove that their products are “deforestation-free” through rigorous due diligence processes.
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Director Procurement Alka Group RO
1 个月On what basis was the 4% penalty of the turnover determined? What was the algorithm or reasoning used to arrive at this figure?