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As months pass, the EU Deforestation Regulation (EUDR) will only become more stringent and businesses in the EU will need to prepare for the considerable demands the EUDR will place on their data management, supply chain due diligence, and key systems and processes. Our latest article explores the regulatory due diligence requirements, controls and sanctions and why businesses should start preparing now! Read here:https://lnkd.in/d8z869_T #EUDR #PwCClimate #Sustainability

The U.S. Government has officially spoken up, asking the European Union to delay implementation of the European Union Deforestation Regulation (EUDR) because of challenges with compliance. No one wants deforestation, but some of the requirements in the EUDR are just not possible to meet. Very interested to see what happens if and when EUDR enters into force. #EUDR #Sustainability

Suppliers and traders are striving to comply with the upcoming EUDR 🇪🇺, but are facing challenges. Information gaps, lack of guidance, technical solutions, legal uncertainty, supply chain complexities are all key issues being raised by multiple agribusiness groups and EU organisations. This article outlines challenges around: - Information system functionality - Classification of countries - Non-compliance risk https://lnkd.in/ejrUJd97 #EUDR #EU #Deforestation

Check out this #EUDR explainer video from Euronews and the European Commission, featuring Mighty Earth's Michael Rice. 🇪🇺 🌱 It is an incredibly useful breakdown of what the EU Deforestation Regulation is, why it has been implemented and the concerns around it. #deforestation #traceability #regulation #duediligence #EU

From 30 December 2024, companies doing business in the EU will need to comply with the requirements of the EU Deforestation Regulation (EUDR). While a continually evolving legislative environment is a fact of life in the EU marketplace, this new regulation brings particularly significant implications, requiring businesses dealing with certain products to conduct even more extensive due diligence on their supply chains.  

Less than 10 months before the EU Deforestation Regulation (EUDR) is set to come into full force! The EUDR is a critical step in combating global deforestation, as a significant contributor to climate change and biodiversity loss. Businesses need to start making strategic decisions to ensure compliance with the regulation. The EUDR will place significant demands on businesses' data management, supply chain due diligence, and key systems and processes. To help businesses navigate the EUDR, our latest article sets out the EUDR’s core legal regulatory requirements, which businesses will be impacted by the regulation and what supply chain due diligence requirements businesses need to consider to ensure they are compliant with the regulation. PwC's Centre for Nature Positive Business, alongside our supply chain, legal, customs and international trade subject matter experts, can help your organisation prepare for the EUDR as well as broader nature-related risks and opportunities. Check out the article below or reach out to me or my colleagues if you have interest. Ismael Aznar Cano, Claudia Buysing Damsté, Jeremy Prepscius, and Monica Cohen-Dumani https://lnkd.in/geggDmdt

Understanding the New EU Regulation on Deforestation-Free Products (EUDR) 🌳 The European Union has officially launched the Regulation on Deforestation-Free Products (EUDR), replacing the previous EUTR. It is a regulation aimed at ensuring that products sold in the EU do not contribute to deforestation: it requires companies to ensure their supply chains are deforestation-free. 🔍 To help you to understand the implications of EUDR, we’ve compiled some Frequently Asked Questions (FAQs). We are also launching an extense playbook on EUDR to guide you through the new regulation so you can achieve compliance with ease. Stay tuned for the launch details! #EUDR #Sustainability #DeforestationFreeProducts #Regulation #SupplyChain

#Transparency, trust, and collaboration will be mandatory to successfully comply with the EU #Deforestation Regulation (EUDR). The countdown for #EUDR compliance urges companies to adopt new technology and strategies to gather the required information about their products within their value chains. Do you have an EUDR program in place already? You should. #digitaltraceability #supplychaintransparency #greensupplychain

As businesses transition to the new EU Deforestation Regulation (#EUDR), understanding the risks and penalties associated with non-compliance is crucial. Failure to adhere to the EUDR can have far-reaching consequences, not only for the environment but also for your business operations and reputation. 𝗧𝗵𝗶𝘀 𝗶𝗺𝗮𝗴𝗲 𝘀𝗵𝗼𝘄𝘀 𝗮𝗻 𝗼𝘃𝗲𝗿𝘃𝗶𝗲𝘄 𝗼𝗳 𝘄𝗵𝗮𝘁’𝘀 𝗮𝘁 𝘀𝘁𝗮𝗸𝗲! 😦 Non-compliance with the EUDR is not an option for businesses aiming to maintain their market position and uphold their reputation. By understanding and adhering to the new regulations, companies can not only avoid significant risks and penalties but also contribute positively to global environmental protection efforts. To learn more about how to comply with this new regulation, download our playbook: https://bit.ly/4bIG7W3 #EUDR #Sustainability #DeforestationFreeProducts #Regulation #SupplyChain #RisksPenalties