Simon Brennan’s Post

After today's vote in EU Parliament in the first reading the #EUDR applicability postponement to end of 2025 remains questionable. Although EU Parliament voted in favour of the postponement and in favour of certain additional amendments (e.g. "no-risk" countries) proposed by political groups, this caused that the whole bundle of amendments will be discussed in interinstitutional negotiations called "trilogue" and will eventually have to be endorsed by EU Parliament and Council. It is hard to guess the final outcomes and whether the final conclusion can be reached by the end of this year.

🧭 EUDR DELAY: final vote by EU Parliament scheduled for November! EU Parliament today approved the use of the urgent legislative procedure to address the proposal to delay the implementation of the EU Deforestation Regulation (EUDR). The final vote is now scheduled for the Parliament's 'November Part 1 session', taking place from 13 to 14 November, with a deadline for amendments set for 6 November. While today's decision moves the process forward, the delay remains uncertain until the final vote, which is scheduled just weeks before the regulation's current entry into force on 30 December 2024. Any disruptions or complications in the final vote could have serious repercussions for businesses covered by the regulation. These companies, which include those dealing with products like cattle, wood, soy, palm oil, and coffee, are already working to ensure their supply chains are deforestation-free in compliance with the EUDR. A failure to finalize the delay in time would leave businesses with little clarity or time to adjust their operations before the original 30 December 2024 deadline. For many, a lack of clear direction could in particular result in legal risks, financial penalties, or disruption of trade activities, particularly in industries heavily reliant on the commodities regulated by the EUDR. Furthermore, such uncertainty may deter investment, hinder long-term planning, and complicate supply chain management, potentially creating broader economic instability in affected sectors. Therefore, a smooth and timely decision on the delay is now absolutely crucial to ensure businesses can effectively prepare and comply with the regulation. #EYLAW #EUDR #DEFORESTATION Michelle T. Davies (née Thomas), Susanne Scott Levinsen, Jan M. Huusmann, Maria Cristina Breida, Louise Hougaard, Rune Tind Mikkelsen, Linn Anker-Sørensen, Susanne Eriksen, Alix Dalton, Frederik Ploug Sarp, Bodil Hald Brabæk, Anders Østergaard Petö, Danny Krei, Lorenza Porciello, Jess Etherington, Shourik Chatterjee, Paula Hogéus, Inga Pakalniškytė, Colette Withey, Bart Wolters, Kim Paykel, Ximena Zuluaga, Einar Scholte, Kamma Bøhl, Christian Clausen Christensen, Kennet Hartmann, Pinar Kücükgöncü, Alia Abusinni, Julie Gerdes, Keith Bullen

🌍🌲 #EUDR Update: Important Developments on the European Deforestation Regulation Recently, the EU Parliament debated key changes to the European Deforestation Regulation (EUDR). Here's what happened: ✅ "No risk" country classification cancelled: An amendment to include a "no risk" country classification was cancelled this week due to concerns over potential loopholes, even though it was approved in the EU Parliament earlier. The countries benchmarking system will remain a three-tier structure: low, standard, and high risk. ✅ Implementation timeline extended: The initial request to delay the EUDR's implementation by two years was withdrawn just before the vote three weeks ago, when the "no risk” country benchmarking was approved. Instead, the application has been postponed by one year: - Large businesses must comply by December 30, 2025. - Micro- and small enterprises have until June 30, 2026. Now, the European Parliament and Council need to formally adopt this amendment for it to take effect. We at #TIMBERplus will continue to monitor these changes to keep you informed and prepared. 👉 If you are still figuring out how to make your processes fully compliant, the #TIMBERplusEUDR system is here to support you—reach out for more info: https://zurl.co/FAYL #EUDR #DeforestationRegulation #Veneer #SoftwareSolutions #Sustainability #Compliance

🌍🌲 #EUDR Update: Important Developments on the European Deforestation Regulation Recently, the EU Parliament debated key changes to the European Deforestation Regulation (EUDR). Here's what happened: ✅ "No risk" country classification cancelled: An amendment to include a "no risk" country classification was cancelled this week due to concerns over potential loopholes, even though it was approved in the EU Parliament earlier. The countries benchmarking system will remain a three-tier structure: low, standard, and high risk. ✅ Implementation timeline extended: The initial request to delay the EUDR's implementation by two years was withdrawn just before the vote three weeks ago, when the "no risk” country benchmarking was approved. Instead, the application has been postponed by one year: - Large businesses must comply by December 30, 2025. - Micro- and small enterprises have until June 30, 2026. Now, the European Parliament and Council need to formally adopt this amendment for it to take effect. We at #TIMBERplus will continue to monitor these changes to keep you informed and prepared. 👉 If you are still figuring out how to make your processes fully compliant, the #TIMBERplusEUDR system is here to support you—reach out for more info: https://zurl.co/CUXf #EUDR #DeforestationRegulation #Veneer #SoftwareSolutions #Sustainability #Compliance

🚨 EUDR Update Yesterday, the European Parliament voted on 9 amendments to the EU Deforestation Regulation (#EUDR), approving 8 of them (subject to the approval of the Trilogue). These include: - A 12-month delay in enforcement, shifting implementation to December 30, 2025, for large companies and June 30, 2026, for SMEs. - The introduction of a "No-Risk" country category for nations with robust anti-deforestation measures. While this delay provides additional time to prepare, it’s critical to note that this isn’t a signal to slow down your efforts. Non-compliance will carry steep financial penalties—up to 4% of annual turnover. ✅ Now is the time to act! The extension gives you a window to strengthen due diligence processes, ensuring full compliance with EUDR requirements. Moreover, this work lays the foundation for meeting future regulations like EUFLR, DPP, or CSDDD. Our solution streamlines the traceability and transparency needed to comply with these evolving standards. Let’s connect to explore how we can help you navigate these changes smoothly and position your business for success! #EUDR #Sustainability #Compliance #DeforestationRegulation #EURegulations #Traceability #Transparency *

  📢 🌴  EUDR Breaking News: EU Council Agrees Application Timeline Extension On 16 October 2024, the Council of the European Union agreed to extend the application timeline for the EU Deforestation Regulation (EUDR) by 12 months. The EU Parliament is now expected to vote on "a request for urgent procedure" on 22 October. Key dates to note in case of green light from the EU Parliament:  📆 New deadline for large and medium companies: 30 December 2025  📆 New deadline for micro and small undertakings: 30 June 2026 While the rules remain unchanged, stakeholders must act now. Engaging with suppliers, customers, and NGOs to ensure deforestation-free supply chains will be crucial, especially for goods ordered for delivery for December 2025.   💡 At PwC, our experts are here to help you navigate these changes. Reach out to learn how we can support your business in aligning with EUDR requirements. #EUDR #DeforestationRegulation #Sustainability #SupplyChain #PwC #EU #EUGD #EU Green Deal Caroline Schmidt Tom Wallyn Giovanni Gijsels Hira Khan Marvin Daniel Yabili Christoph Vanderstricht Jelmen Haaze

🚨 EUDR Update ! The European Parliament voted on 9 amendments to the EU Deforestation Regulation (#EUDR), approving 8 of them (subject to the approval of the Trilogue). ✅ Now is the time to act! The extension gives you a window to strengthen due diligence processes, ensuring full compliance with EUDR requirements. Moreover, this work lays the foundation for meeting future regulations like EUFLR, DPP, or CSDDD.

🌍🚨 EU Deforestation Regulation (EUDR) Update 🚨🌍 During last week's plenary session, the European Parliament gave its green light for a one-year delay in the EUDR's application. The EP has also adopted an additional amendment to introduce a 'no-risk' country category which may have a substantial impact on its functioning. 🌱 What’s Next ❓ The amendment and delay will proceed to trilogue negotiations for the final confirmation. Companies should nonetheless use the proposed delay to prepare for the EUDR's upcoming enforcement. 📅 Check out our new article (https://lnkd.in/eSVpQw-3) and join our webinar for more insights on Friday, 29th November 2024, from 2 to 3 pm CEST: Register here (Include Link: https://lnkd.in/eTkX8zGf) #EUDR #Sustainability #Compliance #SupplyChain #EURegulations #Webinar

🇺🇸 Why US Could Opt Out of EUDR Over 'Impossible' Standards ⏰ Weekend Flashback: In the wake of the Australian government flagging concerns with the #eudr, WoodCentral reports that a coalition of US senators are also pushing for the world’s largest forest producer to walk away from the rules, citing compliance challenges that could reshape international trade and even influence the upcoming presidential elections. 🔍 Why It Matters: 1️⃣ Compliance Challenges: US industry leaders argue that the EUDR's stringent traceability requirements, which demand sourcing details to the individual plot of land, are nearly impossible for the US pulp and paper industry to meet. 2️⃣ Economic Impact: Senators warn that the EUDR could restrict US access to the EU market, potentially affecting over $3.5 billion in forest-derived products annually, significantly impacting the US economy. 3️⃣ Political Repercussions: The legislation has become a contentious issue, potentially influencing the 2024 US Presidential Elections, as it highlights broader debates on trade, environmental standards, and international cooperation. 🌐 The pushback from US senators, including detailed discussions with US Trade Representative Katherine Tai, underscores the significant tensions between US economic interests and environmental goals. 🔗 Explore the full implications of the EUDR and why it's causing such a stir on both sides of the Atlantic: https://lnkd.in/gT5ikKXK 💬 #questionforgroup: How should the US balance its trade and environmental policies in the face of international regulations like the EUDR? What are the potential solutions to these compliance challenges? #eu #uspolitics #tradewar #laceyact #forestact #paper #pulp #timber #nafta #wood #globaltrade #sustainability #biodiversity #woodcentral #woodcentralau1 #policy #greendeal #compliance #regulations #vote #potus #trump #biden

🌍🚨 EU Deforestation Regulation (EUDR) Update 🚨🌍 During last week's plenary session, the European Parliament gave its green light for a one-year delay in the EUDR's application. The EP has also adopted an additional amendment to introduce a 'no-risk' country category which may have a substantial impact on its functioning. 🌱 What’s Next ❓ The amendment and delay will proceed to trilogue negotiations for the final confirmation. Companies should nonetheless use the proposed delay to prepare for the EUDR's upcoming enforcement. 📅 Check out our new article (https://lnkd.in/eYYzUG8V) and join our webinar for more insights on Friday, 29th November 2024, from 2 to 3 pm CEST: Register here (Include Link: https://lnkd.in/e592UHtt) #EUDR #Sustainability #Compliance #SupplyChain #EURegulations #Webinar