European Union Deforestation Regulation (EUDR)
BBC offers tailored solutions to help businesses navigate the complexities of the European Union Deforestation Regulation (EUDR). By providing comprehensive consulting and reporting services, we assist organisations in ensuring compliance, mitigating trading risks, and enhancing your sustainability reputation.
Starting from December 30, 2024, the EU Deforestation Regulation (EUDR) will require businesses to prove that their products are deforestation-free and comply with strict due diligence requirements. Relevant goods must be accompanied by a due diligence statement and comply with local regulations.
What is European Union Deforestation Regulation (EUDR)?
The European Union Deforestation Regulation (EUDR) is a landmark piece of legislation designed to prevent the entry of deforestation-linked products into the EU market. By enforcing these requirements, the EUDR aims to protect global forests, combat climate change, and promote sustainable economic development. It imposes due diligence obligations on businesses operating within or importing relevant commodities into the EU, requiring them to:
- Risk Assessment: Identifying and assessing the risk of deforestation or forest degradation associated with their supply chains.
- Due Diligence: Implementing appropriate due diligence systems to address identified risks and ensure compliance with applicable laws and regulations.
- Documentation: Maintaining adequate documentation to support their compliance efforts.
- Reporting: Disclosing information about their due diligence practices and any associated risks.
Commodities Included in the Regulation:
- Palm oil
- Cattle
- Soy
- Coffee
- Cocoa
- Timber
- Rubber
Why is European Union Deforestation Regulation (EUDR) Important?
The European Union Deforestation Regulation (EUDR) is a critical piece of legislation that has significant implications for businesses operating in or importing products into the EU. Understanding the importance of the EUDR is essential for organisations seeking to navigate the complexities of sustainable supply chains and avoid potential legal and reputational risks.
Some of the key benefits of EUDR Compliance are:
- Ensuring compliance with the EUDR is crucial for maintaining access to the European Union market.
- The EUDR helps organisations identify and address deforestation risks within their supply chains.
- Demonstrating compliance with the EUDR can significantly enhance an organisation’s reputation as a responsible and sustainable business.
- Companies that proactively address deforestation risks and demonstrate compliance with the EUDR can gain a competitive edge in the marketplace.
- By supporting the EUDR, organisations can contribute to the global effort to protect forests, combat climate change, and safeguard biodiversity.
Our European Union Deforestation Regulation (EUDR) Framework
BBC offers a comprehensive framework to help businesses navigate the complexities of the EUDR.
