The EU adopts new rules to cut deforestation worldwide
The EU Council adopts new rules to cut deforestation worldwide. The regulation sets mandatory due diligence rules for all operators and traders who place, make available or export the following commodities from the EU market: palm oil, cattle, wood, coffee, cocoa, rubber and soy.
The rules also apply to a number of derived products such as chocolate, furniture, printed paper and selected palm oil based derivates (used for example as components in personal care products).
Operators will be required to trace the commodities they are selling back to the plot of land where they were produced. This will force companies to expand their supply chain diligence SOP to include this new space. Note, “rubber” will impact a broad range of manufactured items including gaskets, seals etc. you might not directly tie to this policy space.
The Parliament adopted the regulation on 19 April 2023. Now that the Council has in turn adopted the regulation, it will be published in the EU’s Official Journal and enter into force 20 days after.
Source: European Council
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