European Union Deforestation Regulation (EUDR) is a regulation implemented by European Union to encourage consumption of deforestation-free products. It prohibits the import and export of products which is produced on a land which has undergone deforestation and forest degradation after 31st December 2020.
Commodities included under EUDR:
Any product belonging under following 7 commodities are covered under EUDR :
- Cattle
- Cocoa
- Coffee
- Soy
- Palm Oil
- Timber
- Rubber
To mitigate environmental risk, the EUDR targets commodities with the highest deforestation footprint.
Projections indicate that without these interventions, EU consumption of these six goods would drive the loss of 248,000 hectares of forest annually by 2030
Significance of EUDR :
European Union Deforestation Regulation (EUDR) is designed to minimize global deforestation and Forest Degradation. It will help to protect the global biodiversity by only consuming Deforestation-Free products. EUDR will make sure to preserve the current forest cover. With the help of EUDR, EU will prevent approximately 2,48,000 hectares of Deforestation annually by 2030.
Who must comply ?
Large Operators & Traders
SME Operators & Traders
Approach
The methodology begins with comprehensive information and geolocation data collection to verify the origin of the goods. This data then undergoes a formal risk assessment to evaluate environmental compliance, followed by risk mitigation steps to neutralize any identified threats. Submission of a formal Due Diligence Report is required to grant the products legal access to the European Union market.
Timeline
