Regulation (EU) 2023/1115, also known as the EU Deforestation Regulation (EUDR), addresses the issue of deforestation and forest degradation associated with certain commodities and products placed on the Union market or exported from the EU. The regulation aims to prevent the trade in commodities linked to deforestation, promote sustainable sourcing practices, and contribute to global efforts to combat climate change and protect biodiversity.
Affected businesses must adapt to the new regulatory requirements, implement due diligence measures, establish traceability systems, and adopt risk mitigation measures to prevent the sourcing of commodities associated with deforestation. By prioritising responsible sourcing practices and environmental stewardship, businesses can contribute to global efforts to combat deforestation, protect forest ecosystems, and promote sustainable development.
