As a major consumer and trader of commodities that play an important role on deforestation and forest degradation, the EU has taken a significant step forward by adopting the Deforestation Regulation (EUDR). Large- and medium-sized enterprises must act now as the next compliance deadline approaches. It's crucial to not only focus on imports but also consider exports and intra-EU flows.
Not sure where to begin? The EUDR requires companies to ensure their products are deforestation-free and legally compliant. Start now to avoid penalties and maintain market access.
Already implemented the basics? Now it’s time to embed compliance into your operations and demonstrate your trustworthiness to your stakeholders.
Lay the foundation for compliance by identifying risks and setting a clear strategy.
Design and implement a robust due diligence and governance framework.
Operationalise due diligence and keep your systems up to date.
Build trust and demonstrate compliance through assurance and transparency.
Fast-track your EU Deforestation Compliance thanks to our new EUDR exposurement assessment tool powered by GenAI and machine learning.
th the EUDR carries severe financial and reputational risks. Companies face a stringent penalty regime and the potential for significant supply chain disruptions. The reputation of your business could also suffer lasting damage, as your products may become linked to deforestation and human rights abuses.
Financial penalties
Fines can reach up to 4% of your company’s annual turnover.
Confiscation of products
Any products found to be associated with deforestation may be seized, leading to an immediate interruption of your supply chain.
Confiscation of recognised revenues
All revenues generated from non-compliant products are subject to confiscation, with no upper limit on the amount.
Market exclusion
In cases of repeated violations, your company may be banned from operating in the European market for up to 12 months.
Ensuring compliance is essential to protect your business from these significant risks and to maintain your company’s reputation and market access.
Curious about how EUDR affects your sector and products? Explore our detailed brochures by selecting your area of interest below.
