Board Series: Are you ready for EUDR? Europe’s enhanced deforestation regulation is here
With the EU’s deforestation laws coming online this month, CPG and Industrial companies will need to ensure that select commodities in their supply chains do not contribute to deforestation. The commodities scoped into the regulation include wood, rubber, palm oil, soy, beef, cattle, and cacao. In advancing this regulation, the EU aims to reduce its impact on climate change, greenhouse gas emissions, and biodiversity loss. Companies will have to quickly adapt their commercial operations to ensure compliance and think strategically to gain a competitive edge in doing so.