EU Deforestation Regulation (EUDR)

EU Deforestation Regulation (EUDR)

The EU Deforestation Regulation is a first-of-its-kind, seeking to push companies globally toward improved supply chain transparency and ambitious due diligence policies to eliminate practices and products contributing to deforestation and forest degradation.

Companies must track specified commodities linked to deforestation back to their origins and ensure they comply with local and international laws regarding land use, environmental protection, human rights and rights of indigenous people.

To this end, companies must work hard to implement traceability and monitoring systems. Reporting will also be required.

The information system where companies should upload their due diligence statements and geolocation data is expected to be online by early December, however, as the scheduled reporting date grows nearer, concerns over the readiness of both companies and regulators grow louder, with some asking for a delay to the new rules.