Nick Crouch’s Post

The EU Deforestation Regulation (EUDR) is a product-related regulation that aims to ensure deforestation-free supply chains and contribute to reducing global deforestation 🌲 It requires companies to prove that their products do not originate from recently deforested land or contribute to forest degradation. Despite uncertainties regarding the actual application date of the EUDR, companies should start considering the implications of EUDR now as extensive information must be generated to meet due diligence requirements 📑 Forvis Mazars in the UK looks into this new regulation and the impact it holds for companies ➡ https://lnkd.in/eYJYeKXh #EUDR #Sustainability #ESG

The EU Deforestation Regulation (EUDR) is a product-related regulation that aims to ensure deforestation-free supply chains and contribute to reducing global deforestation 🌲 ♻ It requires companies to prove that their products do not originate from recently deforested land or contribute to forest degradation. Despite uncertainties regarding the actual application date of the EUDR, companies should start considering the implications of EUDR now as extensive information must be generated to meet due diligence requirements 📑 Find out more about this new regulation and the impact it has on companies ➡ https://lnkd.in/e4Frmiam William Hughes, Alice Strevens, Chris Fuggle #EUDR #Sustainability #ESG

📢 Important #Update on the EUDR Vote On November 14, 2024, we’re all awaiting the vote on the proposed delay for the European Union Deforestation Regulation (#EUDR). The #EPP party has introduced amendments that could reshape how the EUDR is implemented. Here’s a breakdown of what’s being proposed: 👋🏻 Exemptions for Traders: The amendments aim to remove EUDR requirements for traders, based on the idea that the initial operators would have fulfilled all necessary documentation. While intended to reduce administrative costs, this change could impact the #transparency and #accountability of the supply chain. 🛟 "No-Risk" Countries: The proposal adds a new "no-risk" category to the country classification, exempting these countries from strict due diligence, thus lessening compliance obligations for companies sourcing from them. This addition would significantly narrow the scope of the EUDR and reduce its reach in several regions. 📆 Extended Timelines: Proposed adjustments include pushing the EUDR enforcement deadline from December 2024 to December 2026 to allow businesses more time to adapt. This two-year delay raises questions about the EU's commitment to tackling deforestation urgently. Environmental organizations, like Earthsight, caution that these amendments may water down the EUDR's intent and effectiveness. In Earthsight's words: “They seem reasonable until you actually think about the implications, which are disastrous.” They warn that these changes could create loopholes, encouraging businesses to invest in initiatives that seem compliant but ultimately do little to prevent deforestation. If adopted, the amended EUDR may become an administrative burden with limited impact, diverting resources from genuine sustainability efforts. For instance, introducing the no-risk countries might create opportunities for companies to launder high-risks products through them. Also, the exemption of the entire category of traders could lead to the creation of shell companies that will bear all the risk. While a delay seems inevitable, it’s crucial to consider if these amendments will help or hinder the fight against deforestation. A watered-down regulation risks wasting significant resources without delivering on the EUDR’s promise to protect forests and fight climate change. 🌍 Earthsight's article: https://lnkd.in/eRMXHXh4 #EUDR #Deforestation #Sustainability #ClimateAction

New EU deforestation regulations are here. Does your business source from forests? Staying compliant isn’t optional, but it can be simpler with the right insights. In this guide, we break down everything you need to know to meet the new standards and avoid penalties. Learn more: https://lnkd.in/dNUZCmPq Factlines #Sustainability #EURegulations #Deforestation #Compliance #BusinessStrategy #GreenBusiness #SupplyChain #ResponsibleSourcing #ESG #Environment #walkthetalk

The EU’s Deforestation Regulation (EUDR) may be delayed, but that doesn’t mean businesses should be complacent.🌳 This industry-changing legislation asks a lot. So, we run down how to keep your business compliant and competitive.  Swipe through to learn more and read our full blog here 👉 https://lnkd.in/eDgu7ysH #Sustainability #SupplyChain #Deforestation #EUDR

New EU deforestation regulations are here. Does your business source from forests? Staying compliant isn’t optional, but it can be simple with the right insights. In this guide, we break down everything you need to know to meet the new standards and avoid penalties. #Factlines #Sustainability #EURegulations #Deforestation #Compliance #BusinessStrategy #GreenBusiness #SupplyChain #ResponsibleSourcing #ESG #Environment

Did you know that in 2022, global tropical forest loss escalated to 4.1 million hectares, a 10% increase from the previous year? https://bit.ly/4d04xfy 🌳 As deforestation continues to threaten vital ecosystems, regulators are stepping up to tackle the challenge. The EU Regulation on Deforestation-free Products (EUDR), for example, is setting more stringent standards to ensure that commodities entering the EU market do not contribute to this global crisis. 🌲 With the EUDR taking effect in December 2024, companies have less than a year to comply, yet many are unprepared. This regulation not only impacts businesses but also presents a crucial focal point for investors monitoring corporate compliance and sustainability practices. For an in-depth look at the EUDR, including its implications for companies and investors, check out Sydney Krisanda's article on the Sustainalytics website. #EUDR #SustainableInvesting #Deforestation #EURegulations

Excited to share my latest article discussing the upcoming EU Regulation on Deforestation-Free products, set to take effect at the end of 2024. In this piece, I address five key questions about the EUDR, covering its scope, the current alignment of companies with its requirements, identifying management gaps and the risks of non-compliance for companies and investors. Check it out below:

Read this article by Sydney Krisanda (AFEPA alumni) about the EU regulation on deforestation-free products!

European Parliament takes steps towards extending the phasing-in period for the new deforestation regulation 🪵 Earlier today the European Parliament voted to fast track the Commission’s proposal to extend the phasing-in period of the new deforestation regulation. The decision is yet another step towards providing operators and traders with an additional 12 months to take the necessary steps to ensure compliance. The regulation includes several novel responsibilities for enterprises in regard to due diligence – all with the aim of securing that the products EU citizens consume do not contribute to deforestation or forest degradation worldwide. For more information about the decision and what it entails for enterprises, check out our latest blog post on the Delphi ESG blog 👉 https://hubs.ly/Q02VtnXj0