C16 Biosciences’ Post

Attention ‼️ EU Deforestation Regulation (EUDR) Compliance is Around the Corner! The EU is stepping up its fight against deforestation with stringent obligations for commodities such as coffee, cocoa, soy, and palm oil. Starting December 2024, all businesses involved in these supply chains will need to ensure their products are free from deforestation and comply with the EUDR.❗ Key Impacts: 1.Due Diligence Requirements: Companies must trace their supply chains to prove their products are deforestation-free. 2.Sustainability Reporting: Detailed reports on the environmental impact of operations will become mandatory. 3.Penalties: Non-compliance may result in hefty fines and exclusion from the EU market. This regulation is a wake-up call for the industry to embrace more sustainable practices. Failure to act could jeopardize access to one of the world’s largest markets. Now is the time to assess your supply chains, invest in sustainable practices, and ensure full transparency. 🔗 What steps are you taking to comply with the EUDR? Let’s discuss how we can collectively drive sustainability and meet the upcoming obligations. #Sustainability #EUDR #Commodities #Deforestation #Agribusiness #SupplyChain #SustainableFarming #EUCompliance

In recent years we have seen a sharp increase in regulation relating to ESG, and in particular, rules focusing on supply chain transparency. EUDR is a further example of this. Lots of work to do! Please reach out if you would like to discuss this. #esg #supplychain #fticonsulting

The Deforestation Regulation (#EUDR) is part of the broader European push for due diligence, enforcing stricter controls and transparency requirements on businesses importing or producing high-risk commodities. 🌿 The EUDR aims to curb global deforestation and forest degradation driven by the EU's consumption of products such as palm oil, soy, cattle, coffee, cocoa, rubber, and timber. These commodities are often linked to significant deforestation, biodiversity loss, and greenhouse gas emissions. Large and medium companies must comply by December 30th, 2024, while smaller companies should comply by June 30th, 2025. With the compliance deadlines approaching, it is crucial to start aligning your processes with EUDR standards. Assess your supply chains, gather the necessary data, and prepare your due diligence reports. Compliance not only meets regulatory requirements but also strengthens your commitment to sustainability. For a deeper dive into the EUDR, explore Thomas Thorin’s full article here ➡ https://lnkd.in/d6QKk-CR #EUDR #SustainableBusiness #Compliance #SupplyChainTransparency

🌍 New EU Deforestation Regulations (EUDR): Prepare for Compliance 🌍 With increasing pressure on companies to meet environmental, social, and governance (ESG) standards, the EU’s new deforestation regulation (EUDR) is set to have a major impact. From December 30, 2024, companies will need to comply with stringent measures for seven key commodities—soy, beef, palm oil, wood, cocoa, coffee, rubber, and related products. The EUDR focuses on preventing goods linked to deforestation from entering or leaving the EU. Key requirements include: 1. Deforestation-Free: Goods must be traced back to their production sites, ensuring they do not originate from deforested land. 2. Compliance with Local Laws: Producers must adhere to local environmental and social laws, including land use rights and labor laws. 3. Due Diligence Statement: Each batch of goods must be covered by a due diligence statement verifying compliance. 🛡️ Impact on Supply Chains: Comprehensive traceability will be essential. Products tied to deforestation after December 2020 will be banned from the EU market. Non-compliance could lead to fines, product confiscation, or trading bans. 🚀 Get Ahead: Start preparing by: - Educating your team on EUDR requirements. - Collaborating with supply chain partners. - Implementing centralized platforms for streamlined compliance. 💡 Ready your supply chain now to avoid disruption and ensure future-proof operations in a deforestation-free world! #Sustainability #EUDR #DeforestationFree #SupplyChain #ESG

Discover how the European Union Deforestation Regulation (EUDR) is reshaping the palm oil manufacturing industry. This new regulation demands transparency and sustainability, driving manufacturers to adopt eco-friendly practices. Dive into the challenges and opportunities that come with EUDR compliance. Learn how leading companies are navigating these changes and positioning themselves for a greener future. For more information on how EUDR impacts your manufacturing business and to ensure compliance, reach out to our experts at #dltledgers. ➡ https://lnkd.in/g9Fi63ic #Sustainability #PalmOil #EUDR #Compliance #SupplyChain

Is your business ready for the EU's Deforestation Regulation? This new regulation impacts companies dealing with forest-risk commodities. Learn everything you need to know in our blog: https://lnkd.in/g9V2r25f #EUDR #Compliance #Sustainability #Business

🌍 Why it is important!🌍 As the December 30, 2024 deadline for the EU Deforestation Regulation (EUDR) approaches, it’s crucial for businesses to understand the significance of compliance. The EUDR aims to combat global deforestation by ensuring that commodities like coffee, cocoa, soy, palm oil, rubber, wood, and cattle are sourced sustainably and are deforestation-free. Why Compliance Matters: 1- Environmental Impact: By adhering to the EUDR, companies contribute to the global effort to reduce deforestation and forest degradation, protecting biodiversity and mitigating climate change. 2- Market Access: Non-compliance will result in restricted access to the EU market, affecting business operations and profitability. 3- Consumer Trust: Today’s consumers are increasingly eco-conscious. Compliance with EUDR enhances brand reputation and builds trust with customers who prioritize sustainability. Impact on Commodities: The regulation has already influenced the market, leading to increased prices for key commodities such as coffee and cocoa in Europe. This shift underscores the need for businesses to adapt their supply chains to meet the new standards. Challenges for Importers: Many importers and businesses in Europe are currently waiting and hoping for a delay in the enforcement of the EUDR. However, relying on potential delays is risky. It’s essential to start preparing now to ensure compliance and avoid potential penalties. At Dimitra.io, we are committed to supporting businesses in navigating these new regulations. Our traceability solutions can help you ensure your supply chains are compliant, sustainable, and ready for the future. Let’s work together to create a deforestation-free world! 🌱 #EUDR #Sustainability #Traceability #DeforestationFree #Compliance #Dimitra

The million-dollar question: What is the #EUDR? Many stakeholders are buzzing with questions about the EU Deforestation Regulation (and for good reason). This ground-breaking legislation aims to tackle deforestation and protect our planet's forests. But what exactly does it entail? 🔍 What is the EUDR? The EUDR sets out requirements for companies importing certain products into the EU market. It's a bold step to make sure that the products we consume are not linked to #deforestation. 🔍Which products are in scope? Beef🐄, Cocoa 🍫, Coffee ☕, Palm Oil🌴, Rubber🛞, Soy🫘and Wood🪵. With the EUDR set to come into force soon, it's crucial for businesses to understand their obligations and adapt accordingly. In APAG, we will guide you through the main provision and share our views on this important piece of legislation. Stay tuned 🤓 #deforestation #deforestationfree #supplychain #traceability #palmoil #sustainablepalmoil

🌳 EU Deforestation Regulation: Tackling Deforestation in EU Supply Chains 🚚 Two weeks ago, we provided a brief introduction to the EU Deforestation Regulation (EUDR) here on LinkedIn. Today, we would like to delve deeper into two critical questions: ❔ Who needs to take which actions? The EUDR’s requirements specifically impact "operators" and "traders" – those placing or making available relevant products on the EU market, as well as those exporting from the EU. Additionally, the regulation has significant implications for those involved in the cultivation, shipping, and storage of these commodities. ❔ What are the consequences of non-compliance? Many are curious about the potential ramifications of not adhering to the EUDR. How is the EU showing up this time - as a paper tiger or a force for good? We invite you to explore this topic further. For those interested in collaborating on creating deforestation-free supply chains, please do not hesitate to reach out to Jan-Markus Rödger or myself. #deforestationfree #transformation #supplychain #sustainability #fmcg #EUDR

The EU Deforestation Regulation (EUDR) aims to reduce the EU's impact on global deforestation and forest degradation. It targets operators and traders involved in placing or making available relevant products on the EU market, as well as those exporting from the EU. Non-compliance can have significant consequences, emphasizing the EU's commitment to sustainability and combating climate change. Non-compliance can lead to significant penalties. The regulation enforces strict penalties for those who fail to adhere to its requirements, emphasizing the EU's commitment to combating deforestation and promoting sustainability. #EUDR #sustainability #deforestation #woodsupplychain