The Eu Deforestation Regulation Eudr What You Need To Know

The Eu Deforestation Regulation Eudr What You Need To Know Aiming at limiting global deforestation and forest degradation provoked by eu consumption and production, the eu deforestation regulation (eudr) imposes strict rules in terms of due diligence to all companies wishing to place affected products on the european market, or to export them. Learn about the european union’s new deforestation regulation (eudr) and how to stay in compliance with public data.

The Eu Deforestation Regulation Eudr What You Need To Know What is the eudr? the european union deforestation regulation (eudr) is a landmark policy aimed at eliminating goods linked to deforestation from the eu. the regulation targets companies placing seven commodities and select derivatives on the eu market, requiring them to prove their products are deforestation free. the eudr introduces new requirements for corporate supply chain practices and. Conduct risk assessments, have mitigation plans, and keep records for at least five years. what happens if you don’t comply? fines up to 4% of your eu turnover, product confiscation, or trading bans. for small businesses: if your supplier already follows the rules, you just need to keep their records. Due diligence requirements under the regulation on deforestation free products (eudr) will apply starting on december 30, 2024, setting in motion a landmark regulation to prevent products linked to deforestation and forest degradation from being placed on the eu market. The european union’s deforestation regulation (eudr), formally regulation (eu) 2023 1115, marks a significant step in aligning global trade practices with environmental sustainability and human rights goals.

Everything You Need To Know About Eu Deforestation Regulation Eudr Due diligence requirements under the regulation on deforestation free products (eudr) will apply starting on december 30, 2024, setting in motion a landmark regulation to prevent products linked to deforestation and forest degradation from being placed on the eu market. The european union’s deforestation regulation (eudr), formally regulation (eu) 2023 1115, marks a significant step in aligning global trade practices with environmental sustainability and human rights goals. Our team has carefully analysed both documents to identify the changes most likely to affect how businesses understand due diligence obligations, product scope and legal interpretations. this article outlines 10 significant clarifications drawn from the updated guidance and faq. What is the eudr in the context of environmental protection? the eudr is a regulation binding in all eu member states, adopted in june 2023, aimed at reducing global deforestation linked to the production and trade of raw materials and consumer goods. The eudr timeline and delay debate the eu deforestation regulation (eudr) entered into force in june 2023, with the main compliance deadline passing on 30 december 2024. as of now, companies placing relevant products on the eu market must provide evidence of deforestation free sourcing, geolocation data, and a due diligence statement submitted via the eu’s central information system. however. Regulation 2023 1115 of the european parliament and council of the european union (eu) came into force on june 30, 2023, with a transitionary period of 18 months. this means that companies have until december 30, 2024 to ensure their products and supply chains comply with the requirements of the eu deforestation regulation (eudr).