Deloitte Sustainability’s Post

The power of the trees. Forests provide natural resources, sustain life, and help regulate the environment. Ecosystem services like these are important to businesses—yet forests are at risk. Learn more about how you can help.

The EU is committed to fight climate change and biodiversity loss, and deforestation and forest degradation are a big part of the problem. With the EU Deforestation Regulation (EUDR), the EU aims to ensure certain products and commodities imported, traded within or exported from the EU have not led to deforestation or forest degradation, and have been produced in compliance with the legislation of the country of origin.    As of 30 December 2024, impacted businesses are required to provide due diligence statements verifying the #deforestation-free and legality status of commodities and products in scope. Products in scope are, as an example, cattle, beef and leather, cocoa beans, cocoa shells, cocoa mass, cocoa butter and chocolate; coffee, beans, husks; palm oil, nuts and seeds; rubber and rubber products; soybeans, bean flour and bean oil; wood, furniture, cellulose and paper. Have you considered the potential impact on your business? Join our upcoming webcast on 23 February 2024 (22:00 - 23:00 JST) to find out how businesses are preparing.  Register here: https://lnkd.in/gQHiGeHy #FutureOfLaw #esg

🌍 Exciting news for sustainability! The new 𝗘𝗨𝗗𝗥 ensures products on the EU market are deforestation-free. Key benefits include reduced carbon emissions and promoting sustainable value chains. 🏞️ Check out this insightful post to learn more and prepare your supply chain! 👇 #Sustainability #EURegulation #DeforestationFree

The 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗨𝗻𝗶𝗼𝗻 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 (𝗘𝗨𝗗𝗥) mandates that all products placed on the EU market must be deforestation-free. This regulation aims to ensure that commodities like 𝘄𝗼𝗼𝗱, 𝗰𝗼𝗰𝗼𝗮, 𝘀𝗼𝘆, 𝗽𝗮𝗹𝗺 𝗼𝗶𝗹, 𝗰𝗼𝗳𝗳𝗲𝗲 𝗮𝗻𝗱 𝗿𝘂𝗯𝗯𝗲𝗿, along with their derivatives, do not contribute to deforestation or forest degradation. 📊𝐊𝐞𝐲 𝐎𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬: - Prevent EU consumption from driving deforestation. - Cut down carbon emissions by at least 32 million metric tonnes annually. - Promote sustainable value chains. - Help preserve diverse ecosystems by reducing deforestation and forest degradation. ☑️𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐃𝐞𝐚𝐝𝐥𝐢𝐧𝐞𝐬: - Large Firms: Until December 30, 2024 - Small and Medium-Sized Enterprises (SMEs): Until June 30, 2025 💪𝐎𝐩𝐞𝐫𝐚𝐭𝐨𝐫𝐬 𝐰𝐢𝐥𝐥 𝐡𝐚𝐯𝐞 𝐭𝐨: - Collect data proving products are deforestation-free and legal (including geolocation, quantity, and country of production) - Carry out due diligence to prove that the products come from land that wasn’t deforested after December 31, 2020. - Comply with the laws in the country where they were produced. Over time, the regulation is expected to help cut greenhouse gas emissions and limit biodiversity loss. The Commission may extend regulatory protections to include other threatened ecosystems in the future. Read our blog “𝗣𝗿𝗲𝗽𝗮𝗿𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗘𝗨𝗗𝗥” to learn how to navigate the impacts of this regulation in your business: https://bit.ly/3L7NWtv 🔗 #EUDR #Sustainability #DeforestationFreeProducts #Regulation #SupplyChain

🌳 EU Deforestation Regulation: Tackling Deforestation in EU Supply Chains 🚚 The EU Deforestation Regulation will soon impact companies placing goods on the EU market or exporting from it. Starting December 30, 2024, this regulation will apply to large and medium-sized companies, with smaller ones to follow in June 2025. ❔ What does this mean? From December 30th onwards, you can no longer place products associated with key deforestation drivers on the EU market or export them from it. The current scope includes products that contain, have been fed with, or have been made of cocoa, coffee, soy, wood, cattle, rubber, and palm oil. This change carries significant strategic implications for how, where, and with whom EU companies do business. We invite you to join the conversation and explore how you can ensure compliance with the EU Deforestation Regulation and assess how it might affect your operations and sustainability practices. If you are interested in collaborating on deforestation-free supply chains, please reach out to Jan-Markus Rödger or me. #deforestation #transformation #supplychain #sustainability #fmcg

🌳 EU Deforestation Regulation: Tackling Deforestation in EU Supply Chains 🚚 The EU Deforestation Regulation will soon impact companies placing goods on the EU market or exporting from it. Starting December 30, 2024, this regulation will apply to large and medium-sized companies, with smaller ones to follow in June 2025. ❔ What does this mean? From December 30th onwards, you can no longer place products associated with key deforestation drivers on the EU market or export them from it. The current scope includes products that contain, have been fed with, or have been made of cocoa, coffee, soy, wood, cattle, rubber, and palm oil. This change carries significant strategic implications for how, where, and with whom EU companies do business. We invite you to join the conversation and explore how you can ensure compliance with the EU Deforestation Regulation and assess how it might affect your operations and sustainability practices. If you are interested in collaborating on deforestation-free supply chains, please reach out to Mona Fritz or myself. #deforestation #transformation #supplychain #sustainability #fmcg

What is EUDR? The EU is committed to fight climate change and biodiversity loss, and deforestation and forest degradation are a big part of the problem. With the EU Deforestation Regulation (EUDR), the EU aims to ensure certain products and commodities imported, traded within or exported from the EU have not led to deforestation or forest degradation, and have been produced in compliance with the legislation of the country of origin.    As of 30 December 2024, impacted businesses are required to provide due diligence statements verifying the ‘deforestation-free’ and legality status of commodities and products in scope. Products in scope are: cattle, beef and leather, cocoa beans, cocoa shells, cocoa mass, cocoa butter and chocolate; coffee, beans, husks; palm oil, nuts and seeds; rubber and rubber products; soybeans, bean flour and bean oil; wood, furniture, cellulose and paper (full list can be found in Annex I of the regulation). If you want to know how this new regulation could impact in the supply chain of your company do not hesitate to join us at the web cast next Thursday 28 March at 3-4pm UTC. Register: https://lnkd.in/dBF6nAwk https://lnkd.in/dpD9X8yd #EUDR#EY SUSTAINABILITY

🌳 The EU Deforestation Regulation: What does your company need to do? From December 2024, companies doing business in the EU will need to comply with the requirements of the EU Deforestation Regulation (EUDR). This landmark regulation marks a significant step in global efforts to combat deforestation and promote sustainable land use practices. 🌳 What is the EU Deforestation Regulation? The EUDR aims to ensure that certain commodities, such as palm oil, soy, coffee, cocoa, beef, and timber, and products derived from these commodities, placed on the EU market are "deforestation-free." This means they must not have been produced on land that was subject to deforestation or forest degradation after a specific cut-off date. 🌳 What Does This Mean for Businesses? ⏺ Compliance Requirements: Businesses must implement due diligence processes to ensure their supply chains are free from deforestation. This includes detailed traceability, risk assessments, and reporting. ⏺ Supply Chain Transparency: Companies will need to provide comprehensive information about the origins of their commodities, enhancing transparency and accountability.   ⏺ Sustainable Practices: Producers in exporting countries will be encouraged to adopt more sustainable land-use practices, leading to a positive environmental impact.   ⏺ Market Access: Compliant businesses and producers can gain a competitive edge, benefiting from access to the EU market and aligning with consumer demand for sustainable products. #EUDR #deforestation #nature #naturepositive #climate #climatechange #forestdegredation #EU #sustainability

🚨 Key Update: Will the EU Deforestation Regulation (EUDR) be delayed? 🚨 The regulation, crucial for combating global deforestation, faces pushback from various industries and countries. Concerns over economic impacts and compliance difficulties have led to calls for postponement, particularly from the coffee and timber sectors. This delay could offer businesses additional time to adapt. Stay informed and ensure your business is prepared for future changes! Read the full article to understand the potential implications: https://lnkd.in/e9YSGFdz #EUDR #Sustainability #Deforestation #Compliance #GlobalTrade

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