The new European Union Deforestation Regulation (EUDR) will come into effect on December 30, 2024, marking a significant milestone in the fight against global deforestation and the promotion of sustainable business practices.
The EUDR requires companies that import and trade products in the EU to prove that their products do not contribute to deforestation, whether directly or indirectly.
🔍 What does this mean for companies?
- Transparency and Traceability: Companies must ensure full traceability of their products, from the raw material source to the final product.
- Strict Compliance: They are subject to audits and must provide documentary evidence that their products are not associated with deforestation.
- Impact on the Supply Chain: Partners and suppliers must also adhere to sustainable practices to maintain EUDR compliance.
📦 Impacted Products:
- Soy
- Palm oil
- Wood
- Beef
- Coffee
- Cocoa
- Rubber
- Derived products such as leather and wooden furniture