A large part of the industry is affected by the new Deforestation Directive (EUDR) – primary or secondary – and must submit the first report by 31.12.2024. Failure to comply can result in high penalties.
Find out now for free within 5 minutes whether and how your company is affected by the Deforestation Directive (EUDR) and what this means for you.
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The regulation covers seven key agricultural commodities that are mainly linked to deforestation and forest degradation worldwide. It sets out obligations for consumer goods companies, operators and retailers to exercise due diligence and ensure that their sourcing practices do not contribute to deforestation or forest degradation after December 31, 2020. But what does this mean for SMEs in concrete terms?
EU companies that source products such as timber, soy, rubber, cocoa, coffee, palm oil and beef are subject to EUDR regulations.
Obligations include the collection of information and documents, risk assessment, the implementation of risk mitigation measures and the establishment of a due diligence system.
Compliance requires expertise & capacity that overwhelms SMEs and non-compliance threatens penalties - how can SMEs cope?